LIC Nav Jeevan Shree Calculator Plan 912 and 911

The LIC Nav Jeevan Shree Calculator helps us to estimate the maturity benefit, Guaranteed Additions, death cover, and total basic premium under LIC Nav Jeevan Shree Plan 912 and Nav Jeevan Shree Single Premium Plan 911.

These plans use different premium and Guaranteed Addition formulas. Plan 912 allows premium payments for a selected number of years, while Plan 911 requires one premium payment at the beginning. The calculator layout changes the required fields according to the selected plan so that we can calculate both plans separately in a single calculator.

What Is the LIC Nav Jeevan Shree Calculator?

This calculator uses the plan number, age, Basic Sum Assured, policy term, death-cover option, and tabular premium to explain the main policy benefits. For Plan 912, it also uses the Premium Paying Term, premium mode and eligible Guaranteed Addition incentive.

Calculator results show estimated maturity benefit, total Guaranteed Additions, Sum Assured on Death, basic premium total and a year-wise Guaranteed Addition schedule. It is not an official LIC quotation. The final premium and benefits depend on the policy version, LIC quotation, underwriting decision, payment record, and policy conditions.

Current Availability of Plans 912 and 911

As of 2026, LIC Nav Jeevan Shree Plan 912 is available under UIN 512N387V02. The earlier V01 version has been withdrawn. A quotation or policy document carrying V01 should not be calculated using V02 rules without checking the applicable terms.

LIC Nav Jeevan Shree Single Premium Plan 911, UIN 512N390V01, has been withdrawn and is no longer available for new purchase. The Plan 911 calculator is useful for existing policyholders and for checking an earlier quotation or benefit.

Plans 912 and 911 Quick Overview

Both are non-linked and non-participating plans. Their benefits do not depend on yearly LIC bonus declarations because the additions are calculated using the rules written in the policy.

What Is LIC Nav Jeevan Shree Plan 912?

Plan 912 is a savings and life insurance plan in which premiums are paid for fewer years than the complete policy term. For example, a policy may have an eight-year Premium Paying Term and a twenty-year Policy Term. Premiums are due for the first eight years, but the policy continues for the remaining period if all required premiums are paid.

The minimum Basic Sum Assured is ₹5,00,000 and higher amounts must be selected in multiples of ₹10,000. There is no fixed maximum, but LIC may restrict the amount under its underwriting rules.

Guaranteed Additions are linked to the tabular annual premiums counted at the end of each policy year. After the complete Premium Paying Term has been paid, the number of premiums counted stops increasing, but Guaranteed Additions continue to accrue until the end of the policy term.

What Is LIC Nav Jeevan Shree Single Premium Plan 911?

Plan 911 required the policyholder to pay one premium at the beginning. Its policy term could range from 5 to 20 years. The minimum Basic Sum Assured was ₹1,00,000, with no fixed maximum subject to LIC’s underwriting rules.

A Basic Sum Assured from ₹1,00,000 to ₹2,00,000 had to be selected in multiples of ₹10,000. An amount above ₹2,00,000 had to be selected in multiples of ₹25,000.

The plan provides a Guaranteed Addition of ₹85 for every ₹1,000 of Basic Sum Assured at the end of each policy year. The tabular single premium does not affect this maturity calculation, but it is required for calculating the Sum Assured on Death.

Entry Age and Policy Term Rules

The minimum entry age under both plans is 30 completed days. The selected term must also satisfy the minimum maturity age of 18 years.

Special limits apply when a policy is sold through POSP-LI or CPSC-SPV. The calculator should apply the correct sales-channel rules when that option is included.

For Plan 912, the available policy term depends on the Premium Paying Term:

These combinations are also subject to the entry-age and maturity-age limits.

What Is the Official Tabular Premium?

The tabular premium is the basic premium calculated by LIC for the selected age, term, Basic Sum Assured and death-cover option before rebates, loadings and other charges.

For Plan 912, the calculator requires the Tabular Annual Premium shown in the LIC quotation. It should not use the actual instalment paid every month, quarter or half-year. For Plan 911, it requires the Tabular Single Premium shown in the quotation or policy schedule.

Tax, rider premium, underwriting extra premium and late fees should not be included. A brochure sample premium should also not be used for another person because the rate changes with the selected policy details.

How to Use the Calculator

1. Select Plan 912 or Plan 911 and enter the age at entry.
2. Enter the Basic Sum Assured, policy term and death-cover option.
3. For Plan 912, select the Premium Paying Term, premium mode and eligible purchase category.
4. Enter the tabular annual or single premium shown in the LIC quotation.
5. Select Calculate to view the maturity, Guaranteed Addition, premium and death-cover results.

Use the Reset button to clear the calculator fields to start a new calculation.

Formulas Used in the Calculator

Plan 912 Guaranteed Additions

The base Guaranteed Addition rate depends on the policy term.

The Guaranteed Addition for a policy year is calculated as follows:

Guaranteed Addition for the year
= Applicable GA Rate
× Tabular Annual Premium
× Number of Premiums Counted

The number of premiums counted is the lower of the policy year or Premium Paying Term. Total Guaranteed Additions are found by adding the amount calculated for every policy year.

Guaranteed Addition Incentives in Plan 912

An eligible policy may receive an increase in the Guaranteed Addition rate. The high Basic Sum Assured incentive is:

The additional rate for an eligible direct online purchase is 0.75% for PPT 6 or 8 years, 1.25% for PPT 10 or 12 years and 1.35% for PPT 15 years.

An eligible existing LIC policyholder, qualifying family member, nominee or beneficiary may receive an additional rate of 0.05% for PPT 6 years, 0.10% for PPT 8 years, 0.12% for PPT 10 years and 0.15% for PPT 12 or 15 years.

Only the category accepted in the LIC quotation should be selected. The calculator should not apply an incentive merely because a person believes it may be available.

Plan 911 Guaranteed Additions

Annual Guaranteed Addition
= Basic Sum Assured ÷ 1,000 × ₹85

Total Guaranteed Additions
= Annual Guaranteed Addition × Policy Term

Maturity Benefit

The maturity formula for an eligible policy under either plan is:

Maturity Benefit
= Basic Sum Assured + Accrued Guaranteed Additions

For Plan 912, this result assumes the policy remains in force or becomes fully paid-up after every premium due for the complete Premium Paying Term has been paid. Reduced benefits may apply when premiums are stopped earlier.

Plan 912 Calculation Example

Consider a Plan 912 policy with a Basic Sum Assured of ₹10,00,000, a 20-year term, an eight-year Premium Paying Term and a Tabular Annual Premium of ₹1,21,300.

The base GA rate for a 20-year term is 9.50%. A Basic Sum Assured of ₹10,00,000 with PPT 8 years receives a 0.12% high Sum Assured incentive. For a standard offline purchase with no other incentive, the applicable rate is 9.62%.

Year 1 Guaranteed Addition
= ₹1,21,300 × 1 × 9.62%
= ₹11,669.06

Year 2 Guaranteed Addition
= ₹1,21,300 × 2 × 9.62%
= ₹23,338.12

The number of premiums counted rises to eight during the first eight years. Eight premiums are then counted in each of the remaining twelve years.

Total Premium Count
= 1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + (8 × 12)
= 132

Total Guaranteed Additions
= ₹1,21,300 × 9.62% × 132
= ₹15,40,315.92

Estimated Maturity Benefit
= ₹10,00,000 + ₹15,40,315.92
= ₹25,40,315.92

The calculator may display the rounded result as ₹25,40,316.

Plan 911 Calculation Example

For a Basic Sum Assured of ₹5,00,000 and a policy term of 10 years:

Annual Guaranteed Addition
= ₹5,00,000 ÷ 1,000 × ₹85
= ₹42,500

Total Guaranteed Additions
= ₹42,500 × 10
= ₹4,25,000

Estimated Maturity Benefit
= ₹5,00,000 + ₹4,25,000
= ₹9,25,000

The tabular single premium is not needed for this maturity calculation. It is needed for the death-cover calculation.

Death Cover and Risk Commencement

For Plan 912, Option I provides the higher of the Basic Sum Assured or seven times the Tabular Annual Premium after applying the official modal adjustment factor. Option II provides the higher of the Basic Sum Assured or ten times the adjusted Tabular Annual Premium. The applicable accrued Guaranteed Additions are then added. The final death benefit must also be at least 105% of the eligible total premiums paid up to the date of death.

The modal adjustment factors are 1.0000 for yearly, 1.0186 for half-yearly, 1.0280 for quarterly and 1.0344 for monthly mode.

For Plan 911, Option I provides the higher of the Basic Sum Assured or 1.25 times the Tabular Single Premium. Option II provides ten times the Tabular Single Premium. Accrued Guaranteed Additions are added after risk commencement.

For a person aged eight years or more at entry, risk begins from LIC’s acceptance of risk. For a child below eight years, risk begins on the earlier of two dates: two years after policy commencement or the policy anniversary that coincides with or immediately follows completion of age eight.

If a child dies before risk commencement, the eligible premiums paid under Plan 912 or the eligible single premium under Plan 911 are returned without interest after excluding tax, rider premium and extra premium. The calculator should therefore label its full result as Illustrative death benefit after risk commencement, not “death benefit after the first policy year.”

Loan Benifit and Surrender Value

Both plans provide a loan facility after the policy acquires the required surrender value and satisfies the applicable waiting period. The maximum loan depends on the policy term, policy year, surrender value and LIC rules in force when the loan is requested.

A surrender value may be available under either plan. LIC pays the applicable value according to the Guaranteed Surrender Value or Special Surrender Value rules. Because some calculations require policy-year and Guaranteed Addition factors, this calculator does not show a surrender estimate. The exact amount should be obtained from LIC.

Tax Benefits

Premium paid under LIC Nav Jeevan Shree may qualify for a deduction under Section 80C when the old tax regime is selected, subject to the overall ₹1,50,000 limit and the premium-to-death-cover condition. The maturity benefit may qualify for exemption under Section 10(10D) only when the applicable premium limits and other conditions are satisfied. For policies issued after 1 April 2023, the combined annual premium limit of ₹5,00,000 may apply. Death benefits are generally exempt. Tax treatment should be checked using the policy details and current income-tax rules.

Important Points

Plan 912 V02 should not be mixed with the withdrawn V01 version. Plan 911 is also withdrawn, although existing policies continue under their issued conditions. The tabular premium must be taken from the LIC quotation before rebates, tax, rider premium and underwriting extra. The death-cover option affects both the premium and benefit and normally cannot be changed later.

The calculator provides a formula-based estimate only. A lapsed or partly paid policy may receive reduced benefits, while a fully paid-up Plan 912 policy can continue receiving Guaranteed Additions according to its conditions. LIC’s policy records remain final.

Frequently Asked Questions

Is LIC Nav Jeevan Shree Plan 912 still available?

Plan 912 is available under UIN 512N387V02 as of August 2026. Its older V01 version has been withdrawn.

Is Nav Jeevan Shree Single Premium Plan 911 available?

No. LIC has listed Plan 911 as withdrawn. The calculator can still explain benefits for an existing policy or an earlier quotation.

Why is the tabular premium required?

Plan 912 Guaranteed Additions and death cover use the Tabular Annual Premium. Plan 911 death cover uses the Tabular Single Premium. The amount should be copied from an LIC quotation or policy schedule.

How is the maturity benefit calculated?

For both plans, the maturity benefit is the Basic Sum Assured plus eligible accrued Guaranteed Additions. The Plan 912 addition depends on the premium and applicable rate, while Plan 911 uses ₹85 per ₹1,000 of Basic Sum Assured for each policy year.

Is the calculator result guaranteed by LIC?

No. It is an estimate based on the information entered. LIC decides the final premium, eligibility and benefits according to the policy document, quotation, underwriting decision and payment record.

Conclusion

The LIC Nav Jeevan Shree Calculator explains two different benefit structures in one place. Plan 912 uses a limited-premium formula in which Guaranteed Additions depend on the tabular annual premiums counted. Withdrawn Plan 911 uses a fixed Guaranteed Addition of ₹85 per ₹1,000 of Basic Sum Assured for each policy year.

Accurate results require the correct plan version, policy term, Premium Paying Term, death-cover option and tabular premium. The estimate should always be compared with the LIC quotation, benefit illustration and policy document.

Amit Kushwaha

Amit Kushwaha is a financial content creator and SaaS tool developer based in Lucknow, Uttar Pradesh. He has more than seven years of experience creating insurance-related content, online calculators, and practical digital tools for LIC policyholders, insurance buyers, and LIC agents.

Through LICPolicyCalculator.com, he focuses on simplifying complex LIC policy information into easy-to-understand guides and calculators. His work covers LIC premium estimates, maturity calculations, surrender value tools, policy return calculations, term insurance planning, and plan-specific calculator pages.