LIC Money Back Plan Calculators
Basic Details
Premium & Bonus Details
Survival / Money Back Schedule
| Policy Year / Age | Benefit % | Estimated Amount | Remark |
|---|
Detailed Calculation
| Particular | Estimated Value |
|---|
LIC Money Back Plan Calculators
Explore LIC Money Back plans and calculate premium, maturity amount, surrender value, survival benefit, pension, or policy benefits based on the selected plan.
LIC Bima Shree
A money back insurance plan that provides life cover along with scheduled survival benefits during the policy term.
View Calculator →LIC New Money Back Plan – 20 Years
A 20-year money back plan offering life insurance protection with periodic survival benefits under policy conditions.
View Calculator →LIC New Money Back Plan – 25 Years
A 25-year money back policy designed to provide long-term life cover and scheduled survival benefits.
View Calculator →LIC New Children’s Money Back Plan
A child-focused money back plan offering life cover and survival benefits at key stages of the policy term.
View Calculator →LIC Jeevan Tarun
A child insurance savings plan that can provide survival benefits and maturity benefits as per selected policy terms.
View Calculator →LIC Money Back Plan Calculators are useful tools for estimating survival benefits, maturity amount, total money-back payouts, premium-paying term and death benefit under LIC’s money-back policies. These plans are different from normal endowment plans because they provide periodic payouts during the policy term, not only at maturity.
The official LIC Money Back Plans page currently lists five plans: LIC’s Bima Shree, LIC’s New Money Back Plan – 20 Years, LIC’s New Money Back Plan – 25 Years, LIC’s New Children’s Money Back Plan, and LIC’s Jeevan Tarun. LIC also shows their plan numbers and UINs on the official money-back plans page.
What Is an LIC Money Back Plan Calculator?
An LIC Money Back Plan Calculator is an online estimation tool that helps calculate the expected benefits of LIC money-back policies. It uses basic policy details such as age, sum assured, policy term, premium amount, bonus rate, and selected plan to show estimated payouts.
Money-back plans are popular because they provide liquidity at fixed intervals. Instead of waiting until the end of the policy term, policyholders receive a part of the basic sum assured during the policy period. The remaining amount is paid at maturity along with bonuses or additions, depending on the plan rules.
This calculator is designed for all LIC money-back plans in one place. It is useful for comparing plans, understanding payout schedules and estimating maturity before buying or reviewing a policy.
LIC Money Back Plans Covered in This Calculator
| Plan Name | Plan No. | UIN | Main Use |
|---|---|---|---|
| LIC’s Bima Shree | 748 | 512N316V03 | High sum assured money-back plan |
| LIC’s New Money Back Plan – 20 Years | 720 | 512N280V03 | 20-year money-back savings plan |
| LIC’s New Money Back Plan – 25 Years | 721 | 512N278V03 | Long-term 25-year money-back plan |
| LIC’s New Children’s Money Back Plan | 732 | 512N296V03 | Child education and future needs |
| LIC’s Jeevan Tarun | 734 | 512N299V03 | Child education planning with options |
LIC classifies these plans under money-back plans and provides plan number and UIN details on its official page.
Why Use This LIC Money Back Plan Calculator?
The calculator helps because money-back plans have multiple benefit layers. A person has to check the survival benefit, maturity amount, bonus, premium-paying term and death benefit separately. Manual calculation can be confusing, especially when comparing plans with different policy terms.
Main Highlights of the Calculator
| Highlight | Benefit |
|---|---|
| All plans in one calculator | No need to use separate calculators for each LIC money-back plan |
| Plan-wise calculation | Each plan follows its own survival and maturity rule |
| Money-back schedule | Shows when survival benefits may be paid |
| Maturity estimate | Calculates base maturity plus bonus or additions |
| Death benefit estimate | Helps understand life cover value |
| Child plan support | Includes Jeevan Tarun and New Children’s Money Back Plan |
| Bonus input option | Allows flexible maturity estimation |
| Reset button | Quickly clears previous values |
| Compact mobile view | Easy to use on phone, tablet and desktop |
LIC’s Bima Shree Calculator Details
LIC’s Bima Shree is a participating, non-linked, life, individual savings plan. It is designed for high sum assured needs and provides protection with periodic survival benefits. LIC’s brochure states that policy terms are available for 14, 16, 18, 20, 24 and 28 years, and the premium-paying term is policy term minus 4 years. The minimum basic sum assured is ₹10,00,000, and the sum assured should be in multiples of ₹50,000.
Bima Shree Survival Benefit
| Policy Term | Money Back Benefit |
|---|---|
| 14 years | 30% of BSA on 10th and 12th policy anniversary |
| 16 years | 35% of BSA on 12th and 14th policy anniversary |
| 18 years | 40% of BSA on 14th and 16th policy anniversary |
| 20 years | 45% of BSA on 16th and 18th policy anniversary |
| 24 years | 45% of BSA on 20th and 22nd policy anniversary |
| 28 years | 45% of BSA on 24th and 26th policy anniversary |
LIC’s brochure mentions that Bima Shree maturity benefit includes Sum Assured on Maturity, accrued Guaranteed Additions and Loyalty Addition, if any. The Sum Assured on Maturity is 40%, 30%, 20% or 10% of Basic Sum Assured depending on policy term.
LIC New Money Back Plan – 20 Years Calculator Details
LIC’s New Money Back Plan – 20 Years is a participating, non-linked, life, individual savings plan. It provides protection during the policy term and periodic survival payments. The official brochure states that the policy term is 20 years, premium-paying term is 15 years, minimum entry age is 13 years, maximum entry age is 50 years, and minimum basic sum assured is ₹2,00,000 in multiples of ₹25,000.
Survival Benefit
| Policy Year | Benefit |
|---|---|
| 5th year | 20% of Basic Sum Assured |
| 10th year | 20% of Basic Sum Assured |
| 15th year | 20% of Basic Sum Assured |
At maturity, this plan pays 40% of Basic Sum Assured plus vested Simple Reversionary Bonus and Final Additional Bonus, if any.
LIC New Money Back Plan – 25 Years Calculator Details
LIC’s New Money Back Plan – 25 Years is suitable for people who want a longer money-back policy term. LIC’s brochure states that the plan has a 25-year policy term and 20-year premium-paying term. The minimum entry age is 13 years, maximum entry age is 45 years, and minimum basic sum assured is ₹2,00,000 in multiples of ₹25,000.
Survival Benefit
| Policy Year | Benefit |
|---|---|
| 5th year | 15% of Basic Sum Assured |
| 10th year | 15% of Basic Sum Assured |
| 15th year | 15% of Basic Sum Assured |
| 20th year | 15% of Basic Sum Assured |
At maturity, the plan pays 40% of Basic Sum Assured plus vested Simple Reversionary Bonus and Final Additional Bonus, if any.
LIC New Children’s Money Back Plan Calculator Details
LIC’s New Children’s Money Back Plan is specially designed for children’s future needs such as education, marriage and other major expenses. LIC’s brochure states that the plan can be purchased by a parent or grandparent for a child aged 0 to 12 years. The maturity age is 25 years, so the policy term is calculated as 25 minus age at entry. The minimum basic sum assured is ₹2,00,000.
Survival Benefit
| Child’s Age | Benefit |
|---|---|
| 18 years | 20% of Basic Sum Assured |
| 20 years | 20% of Basic Sum Assured |
| 22 years | 20% of Basic Sum Assured |
At maturity, this plan pays 40% of Basic Sum Assured plus vested Simple Reversionary Bonus and Final Additional Bonus, if any. LIC also mentions that for children below 8 years, risk commencement follows special rules; for age 8 years or more, risk starts immediately from policy issuance.
LIC Jeevan Tarun Calculator Details
LIC’s Jeevan Tarun is a child-focused savings plan. It is designed for education and other future needs of a growing child. LIC’s brochure states that the plan provides annual survival benefit payments from age 20 to 24 years and maturity benefit at age 25 years. The plan can be purchased by a parent or grandparent for a child aged 30 days to 12 years.
Jeevan Tarun Options
| Option | Survival Benefit from Age 20 to 24 | Maturity Benefit at Age 25 |
|---|---|---|
| Option 1 | Nil | 100% of BSA |
| Option 2 | 5% of BSA every year | 75% of BSA |
| Option 3 | 10% of BSA every year | 50% of BSA |
| Option 4 | 15% of BSA every year | 25% of BSA |
The calculator allows selection of all four Jeevan Tarun options. This is important because survival benefit and maturity amount change depending on the selected option. LIC’s brochure clearly shows that survival benefit percentages and maturity percentages differ by option.
How This LIC Money Back Plan Calculator Works
The calculator works by applying the plan rules to the values entered. It first identifies the selected plan, then checks the age, sum assured and policy term rules. After that, it calculates policy term, premium-paying term, money-back schedule, maturity base amount, estimated bonus, final additional bonus and death benefit.
For example, in a normal money-back plan, the calculator checks when survival benefits are due. If the plan is LIC New Money Back Plan – 20 Years, it calculates 20% of the basic sum assured at the 5th, 10th and 15th policy years. If the plan is Jeevan Tarun, it checks which option is selected and calculates survival benefits from age 20 to 24.
Inputs Required in the Calculator
| Input | Purpose |
|---|---|
| Select Plan | Chooses the correct LIC money-back plan |
| Age at Entry | Checks eligibility and term |
| Basic Sum Assured | Main value used for benefits |
| Policy Term | Required for Bima Shree |
| Jeevan Tarun Option | Required for Jeevan Tarun |
| Annual Premium | Used for total premium and death benefit estimate |
| Premium Mode | Applies mode rebate where applicable |
| Bonus Rate | Estimates Simple Reversionary Bonus |
| Final Additional Bonus | Adds optional FAB value |
| Loyalty Addition | Mainly for Bima Shree |
| GST / Tax | Shows premium with tax estimate |
| Completed Policy Years | Helps estimate death/bonus value |
How to Use the LIC Money Back Plan Calculator
Follow these steps:
- Select the LIC money-back plan from the dropdown.
- Enter age at entry.
- Enter basic sum assured.
- Choose policy term if the selected plan is LIC’s Bima Shree.
- Select Jeevan Tarun option if using LIC’s Jeevan Tarun.
- Enter annual premium if available from LIC illustration or policy document.
- Add bonus rate per ₹1,000 sum assured for estimated maturity.
- Add Final Additional Bonus or Loyalty Addition if available.
- Click on the Calculate button.
- Check money-back schedule, total survival benefit, maturity amount and death benefit estimate.
- Use the Reset button to clear values and calculate again.
Real Calculation Example
Assume the selected plan is LIC’s New Money Back Plan – 20 Years.
| Detail | Value |
|---|---|
| Basic Sum Assured | ₹5,00,000 |
| Policy Term | 20 years |
| Premium Paying Term | 15 years |
| Bonus Rate Assumption | ₹40 per ₹1,000 BSA |
| Final Additional Bonus | ₹20,000 |
| Annual Premium | ₹40,000 |
Step 1: Calculate Survival Benefits
In LIC New Money Back Plan – 20 Years, survival benefit is 20% of Basic Sum Assured at the end of 5th, 10th and 15th policy year.
| Year | Formula | Amount |
|---|---|---|
| 5th year | ₹5,00,000 × 20% | ₹1,00,000 |
| 10th year | ₹5,00,000 × 20% | ₹1,00,000 |
| 15th year | ₹5,00,000 × 20% | ₹1,00,000 |
Total Money Back = ₹3,00,000
Step 2: Calculate Maturity Base Amount
Maturity base in this plan is 40% of Basic Sum Assured.
Maturity Base = ₹5,00,000 × 40% = ₹2,00,000
Step 3: Calculate Estimated Bonus
Bonus assumption is ₹40 per ₹1,000 BSA for 20 years.
Bonus = ₹5,00,000 / 1,000 × ₹40 × 20 = ₹4,00,000
Step 4: Add Final Additional Bonus
Final Additional Bonus = ₹20,000
Step 5: Calculate Estimated Maturity
Estimated Maturity = ₹2,00,000 + ₹4,00,000 + ₹20,000 = ₹6,20,000
Step 6: Calculate Total Estimated Benefit
Total Estimated Benefit = Total Money Back + Estimated Maturity
₹3,00,000 + ₹6,20,000 = ₹9,20,000
This is an estimated calculation only. Actual bonus and final benefit depend on LIC-declared bonus, policy status, premium payment, underwriting and official policy conditions.
Why This Calculator Is Useful for Users
This LIC Money Back Plan Calculator is useful because it gives a quick view of the policy’s benefit pattern. Money-back plans are not simple one-time maturity plans. They include survival benefits during the term, maturity benefit at the end, and death benefit during the policy period.
The calculator helps compare whether a 20-year plan, 25-year plan, child plan or Bima Shree plan is more suitable for a particular requirement. It also helps understand how much money may come back before maturity and how much may be received at the end.
For child plans, the calculator becomes more helpful because education planning depends on future ages. LIC New Children’s Money Back Plan pays survival benefits around ages 18, 20 and 22, while LIC Jeevan Tarun provides survival options from age 20 to 24. These details are easier to understand through a calculator than by reading long policy brochures.
Important Benefits Shown by the Calculator
| Result | Meaning |
|---|---|
| Policy Term | Total duration of the policy |
| Premium Paying Term | Number of years premium is payable |
| Total Premium | Estimated premium paid during PPT |
| Survival Benefit | Money-back amount during policy term |
| Maturity Amount | Amount payable at end of policy |
| Total Benefit | Survival benefit plus maturity estimate |
| Net Gain Estimate | Total benefit minus premium paid |
| Death Benefit Estimate | Approximate life cover value |
Important Disclaimer
This calculator is made for educational and estimation purposes. It does not replace LIC’s official benefit illustration, policy bond, premium chart or branch confirmation. LIC premiums and benefits can vary because of age, underwriting decision, premium mode, rider selection, tax, bonus declaration and policy status.
Final premium, maturity benefit, surrender value, loan value and claim value should always be verified from LIC’s official illustration or nearest LIC branch before making a financial decision.
Conclusion
LIC Money Back Plan Calculators make it easier to understand different LIC money-back plans in one place. These calculators are helpful for estimating survival benefits, maturity value, death benefit and total returns without manually checking every formula.
The calculator is especially useful because it covers all major LIC money-back plans listed on LIC’s official money-back plans page: LIC’s Bima Shree, LIC’s New Money Back Plan – 20 Years, LIC’s New Money Back Plan – 25 Years, LIC’s New Children’s Money Back Plan and LIC’s Jeevan Tarun. It gives a simple and practical way to compare plan benefits, understand payout timing and make a more informed decision before buying or reviewing an LIC policy.