LIC Endowment Plan Calculator
| Special Benefit | Estimated Amount | Details |
|---|
LIC Endowment Plan Calculators
Explore LIC Endowment Plans and calculate premium, maturity amount, surrender value, survival benefit, pension, or policy benefits based on the selected plan.
LIC Single Premium Endowment Plan
An endowment insurance plan designed for policyholders who prefer to pay the premium in one lump sum.
View Calculator →LIC New Endowment Plan
A traditional savings and protection plan offering life cover with maturity benefits under applicable policy terms.
View Calculator →LIC New Jeevan Anand
An endowment-style plan that combines long-term savings with life insurance protection and policy benefits.
View Calculator →LIC Jeevan Lakshya Plan 733
A participating endowment plan structured to support financial protection and planned savings for long-term family goals.
View Calculator →LIC Jeevan Labh Plan
A limited premium endowment policy that offers life cover during the policy term and maturity-related benefits.
View Calculator →LIC Amritbaal
A savings-oriented life insurance plan intended to help build a financial corpus for a child’s future needs.
View Calculator →LIC Bima Jyoti
A non-linked savings and protection plan designed to provide financial security along with maturity benefits.
View Calculator →LIC Nav Jeevan Shree
A participating endowment policy that combines savings discipline with life insurance cover for the policy term.
View Calculator →LIC Bima Lakshmi
A savings and protection plan that may provide scheduled survival benefits and maturity benefits as per policy conditions.
View Calculator →LIC New Jeevan Sathi – Single Premium
A joint life endowment plan with a single premium payment option for couples seeking combined financial protection.
View Calculator →LIC New Jeevan Sathi – Limited Premium
A joint life endowment plan with limited premium payment terms and insurance benefits for both covered lives.
View Calculator →LIC Endowment Plan Calculator is a useful online tool for estimating maturity benefit, death benefit, bonus, guaranteed addition and total premium value for LIC endowment plans. LIC’s official Endowment Plans page currently lists 11 endowment products, including Single Premium Endowment Plan, New Endowment Plan, New Jeevan Anand, Jeevan Lakshya, Jeevan Labh, Amritbaal, Bima Jyoti, Nav Jeevan Shree, Bima Lakshmi, New Jeevan Sathi Single Premium and New Jeevan Sathi Limited Premium.
Endowment plans are generally preferred by people who want both life insurance cover and savings benefit in one policy. Some LIC endowment plans offer bonus-based maturity values, while some plans offer fixed guaranteed additions. Because every plan has a different formula, one common calculator is helpful for quick comparison.
What Is LIC Endowment Plan Calculator?
LIC Endowment Plan Calculator is an estimation tool that helps calculate possible policy benefits before buying or reviewing an LIC endowment policy. It does not replace LIC’s official quotation, but it helps understand how maturity value and death benefit may work under different plans.
The calculator works plan-wise. After selecting a plan, it applies the relevant rules such as policy term, premium paying term, basic sum assured, guaranteed addition rate, bonus rate, death benefit option and special benefit.
For example, LIC’s New Jeevan Sathi Single Premium is a joint-life plan where death benefit differs for first death, second death and simultaneous death. The calculator handles this type of plan separately instead of using a simple one-line formula. LIC’s brochure states that under this plan, the first death benefit is the Sum Assured on Death, while the second death benefit includes Sum Assured on Death plus accrued Guaranteed Additions.
LIC Endowment Plans Covered in This Calculator
| Sr. No. | LIC Plan Name | Plan No. | UIN | Calculator Type |
|---|---|---|---|---|
| 1 | LIC’s Single Premium Endowment Plan | 717 | 512N283V03 | Single premium + bonus estimate |
| 2 | LIC’s New Endowment Plan | 714 | 512N277V03 | Regular premium + bonus estimate |
| 3 | LIC’s New Jeevan Anand | 715 | 512N279V03 | Endowment + whole life cover |
| 4 | LIC’s Jeevan Lakshya | 733 | 512N297V03 | Limited premium + family income benefit |
| 5 | LIC’s Jeevan Labh Plan | 736 | 512N304V03 | Limited premium endowment calculator |
| 6 | LIC’s Amritbaal | 774 | 512N365V02 | Child plan + guaranteed addition |
| 7 | LIC’s Bima Jyoti | 760 | 512N339V03 | Guaranteed addition calculator |
| 8 | LIC’s Nav Jeevan Shree | 912 | 512N387V02 | Premium-based guaranteed addition |
| 9 | LIC’s Bima Lakshmi | 881 | 512N389V01 | Female savings + survival benefit |
| 10 | LIC’s New Jeevan Sathi – Single Premium | 888 | 512N393V01 | Joint-life single premium calculator |
| 11 | LIC’s New Jeevan Sathi – Limited Premium | 889 | 512N394V01 | Joint-life limited premium calculator |
The official LIC page lists these plans with their plan numbers and UINs. (Liferay DXP)
Why LIC Endowment Plan Calculator Is Useful
LIC endowment plans do not follow one common calculation method. Some policies are participating plans where bonus is added every year. Some are non-participating plans where guaranteed addition is fixed. Some policies provide joint-life cover, survival benefit or premium waiver.
This calculator is useful because it separates each plan’s calculation logic. It helps estimate:
| Benefit | Meaning |
|---|---|
| Maturity Benefit | Amount payable at the end of policy term |
| Death Benefit | Amount payable in case of death during policy term |
| Guaranteed Addition | Fixed yearly addition in selected plans |
| Simple Reversionary Bonus | Bonus estimate for participating plans |
| Final Additional Bonus | Optional extra amount at maturity/death |
| Survival Benefit | Periodic payout in selected plans |
| Premium Paying Term | Number of years premium has to be paid |
| Total Premium Paid | Approximate total premium during PPT |
Main Features of This Calculator
This calculator is designed for all LIC endowment plans in one place. Plan selection automatically changes the fields and formula. For example, if Bima Lakshmi is selected, survival benefit option appears. If New Jeevan Sathi is selected, spouse age and death event fields appear.
Main features include:
| Feature | Benefit |
|---|---|
| All LIC endowment plans in one calculator | No need to use separate calculator for every plan |
| Plan-wise eligibility check | Shows error if age, term or sum assured is invalid |
| Bonus and guaranteed addition logic | Handles both participating and non-participating plans |
| Joint-life calculation | Useful for New Jeevan Sathi plans |
| Survival benefit calculation | Useful for LIC Bima Lakshmi |
| Reset button | Clears all fields quickly |
| Mobile-friendly table design | Result table fits mobile screen without horizontal scrolling |
| Light color layout | Simple, clean and easy to read |
How LIC Endowment Plan Calculator Works
The calculator uses different formulas based on selected plan type.
For bonus-based plans, maturity is estimated like this:
Maturity Benefit = Basic Sum Assured + Estimated Bonus + Final Additional Bonus
Bonus estimate is calculated as:
Estimated Bonus = Basic Sum Assured ÷ 1000 × Bonus Rate × Policy Term
For guaranteed addition plans, maturity is calculated like this:
Maturity Benefit = Basic Sum Assured + Guaranteed Addition
For plans like LIC’s New Jeevan Sathi Single Premium, guaranteed addition is calculated at ₹70 per ₹1,000 basic sum assured for every policy year, as stated in the official brochure.
For LIC’s New Jeevan Sathi Limited Premium, guaranteed addition is based on 7% of total tabular annual premium paid during the policy term.
Important Inputs Required in the Calculator
| Input Field | Why It Is Needed |
|---|---|
| Plan Name | Every plan has different rules |
| Age | To check entry age and maturity age |
| Spouse Age | Required for joint-life plans |
| Gender | Required for Bima Lakshmi |
| Basic Sum Assured | Base amount for maturity and death benefit |
| Policy Term | Needed for bonus or guaranteed addition |
| Premium Paying Term | Needed for limited premium plans |
| Premium Mode | Helps estimate modal premium |
| Annual Premium | Needed for regular and limited premium plans |
| Single Premium | Needed for single premium plans |
| Bonus Rate | Needed for participating plans |
| Final Additional Bonus | Optional estimate |
| Death Benefit Option | Needed for selected plans |
| Death Benefit Year | Used to calculate accrued benefit till death year |
How to Use LIC Endowment Plan Calculator
Follow these simple steps:
- Select the LIC endowment plan from the dropdown.
- Enter primary life age.
- Enter spouse age if the selected plan is a joint-life plan.
- Select gender if Bima Lakshmi is being calculated.
- Enter Basic Sum Assured.
- Select policy term.
- Select premium paying term if available.
- Enter annual premium or single premium.
- Enter bonus rate for participating plans.
- Select death benefit option if shown.
- Enter death benefit year.
- Click the Calculate button.
- Review maturity benefit, death benefit and special benefit table.
- Use Reset button to clear all fields.
Real Calculation Example
Example is based on LIC’s New Jeevan Sathi – Single Premium Plan 888.
| Input | Value |
|---|---|
| Plan | LIC’s New Jeevan Sathi – Single Premium |
| Primary Age | 30 years |
| Spouse Age | 30 years |
| Basic Sum Assured | ₹3,00,000 |
| Policy Term | 10 years |
| Premium Type | Single Premium |
| Tabular Single Premium | ₹3,00,000 |
| Death Benefit Option | Option I |
| Death Benefit Year | 5th policy year |
Step 1: Guaranteed Addition Calculation
LIC’s New Jeevan Sathi Single Premium gives Guaranteed Addition of ₹70 per ₹1,000 Basic Sum Assured per policy year.
Guaranteed Addition = Basic Sum Assured ÷ 1000 × 70 × Policy Term
= 3,00,000 ÷ 1000 × 70 × 10
= 300 × 70 × 10
= ₹2,10,000
Step 2: Maturity Benefit Calculation
Maturity Benefit = Basic Sum Assured + Guaranteed Addition
= ₹3,00,000 + ₹2,10,000
= ₹5,10,000
Estimated maturity benefit is ₹5,10,000.
Step 3: Death Benefit Calculation – First Death
Under Option I, Sum Assured on Death is higher of Basic Sum Assured or 1.25 times of tabular single premium.
1.25 × Tabular Single Premium = 1.25 × ₹3,00,000
= ₹3,75,000
Basic Sum Assured is ₹3,00,000.
So, higher amount is ₹3,75,000.
Estimated first death benefit is ₹3,75,000.
Step 4: Second Death Benefit in 5th Policy Year
Accrued Guaranteed Addition for 5 years:
= 3,00,000 ÷ 1000 × 70 × 5
= ₹1,05,000
Second death benefit:
= Sum Assured on Death + Accrued Guaranteed Addition
= ₹3,75,000 + ₹1,05,000
= ₹4,80,000
Estimated second death benefit is ₹4,80,000.
Step 5: Simultaneous Death Benefit
= First Death Benefit + Second Death Benefit
= ₹3,75,000 + ₹4,80,000
= ₹8,55,000
Estimated simultaneous death benefit is ₹8,55,000.
Example Result Summary
| Particular | Estimated Amount |
|---|---|
| Total Guaranteed Addition | ₹2,10,000 |
| Maturity Benefit | ₹5,10,000 |
| First Death Benefit | ₹3,75,000 |
| Second Death Benefit in 5th Year | ₹4,80,000 |
| Simultaneous Death Benefit | ₹8,55,000 |
This example is only for understanding calculation logic. Final premium, tax, rider premium, underwriting decision and official benefit illustration may vary.
Plan-Wise Calculator Use
LIC Single Premium Endowment Plan Calculator
This option is useful for estimating maturity and death benefit where premium is paid once. It uses Basic Sum Assured, single premium, policy term, bonus rate and final additional bonus.
LIC New Endowment Plan Calculator
This option is useful for regular premium endowment policy calculation. It estimates maturity benefit using Basic Sum Assured, bonus rate and policy term.
LIC New Jeevan Anand Calculator
This calculator is useful because New Jeevan Anand gives maturity benefit and life cover after maturity. The result section should show maturity amount separately and whole-life cover separately.
LIC Jeevan Lakshya Calculator
This plan has a special family income benefit feature. The calculator estimates yearly income benefit after death and lump sum benefit at maturity.
LIC Jeevan Labh Calculator
This plan has fixed policy term and premium paying term combinations. The calculator supports 16/10, 21/15 and 25/16 combinations.
LIC Amritbaal Calculator
Amritbaal is a child savings plan. The calculator checks child age, maturity age, premium type and guaranteed addition.
LIC Bima Jyoti Calculator
This plan uses guaranteed additions. The calculator estimates maturity value using sum assured, policy term and fixed guaranteed addition rate.
LIC Nav Jeevan Shree Calculator
This plan uses premium-based guaranteed addition. The calculator needs tabular annual premium to estimate maturity value correctly.
LIC Bima Lakshmi Calculator
This plan is designed for females and has survival benefit options. The calculator shows survival benefit based on selected option A, B or C.
LIC New Jeevan Sathi Calculator
New Jeevan Sathi is a joint-life savings plan. It needs both spouse ages and death benefit option. Single Premium and Limited Premium versions have different premium structures and death benefit formulas. LIC’s Limited Premium brochure also states that after first death during the policy term, future base premiums are waived from the policy anniversary following the first death, subject to brochure conditions.
Why This Calculator Is Different
Most simple calculators only show maturity value. This calculator is different because it includes multiple LIC endowment plan types in one tool.
It checks eligibility, calculates maturity benefit, shows death benefit, separates guaranteed and non-guaranteed benefits and supports special plans like Jeevan Sathi and Bima Lakshmi.
Important differences:
| Normal Calculator | This Calculator |
|---|---|
| Works for one plan only | Covers all LIC endowment plans |
| Shows only maturity value | Shows maturity, death and special benefits |
| No plan-wise validation | Checks age, term, PPT and sum assured |
| No joint-life logic | Supports New Jeevan Sathi plans |
| No survival benefit | Supports Bima Lakshmi options |
| May not show disclaimer | Clearly explains estimated result |
Important Disclaimer
This LIC Endowment Plan Calculator gives only estimated values. LIC premium depends on age, policy term, premium paying term, sum assured, underwriting rules, taxes, rider premium, rebates and official premium tables.
For participating plans, bonus and final additional bonus are not guaranteed in advance. Actual bonus depends on LIC’s future declaration. For guaranteed addition plans, calculation is based on the plan rule and entered premium or sum assured.
Final policy decision should be based on LIC’s official benefit illustration or advice from an authorized LIC representative.
FAQs
What is LIC Endowment Plan Calculator?
LIC Endowment Plan Calculator is an online tool that estimates maturity benefit, death benefit, guaranteed addition, bonus and total premium for LIC endowment plans.
Does this calculator show official LIC premium?
No. It gives estimated values only. Official LIC premium requires LIC’s age-wise premium table, taxes, underwriting rules and rider details.
Which LIC plans are included in this calculator?
The calculator includes Single Premium Endowment, New Endowment, New Jeevan Anand, Jeevan Lakshya, Jeevan Labh, Amritbaal, Bima Jyoti, Nav Jeevan Shree, Bima Lakshmi, New Jeevan Sathi Single Premium and New Jeevan Sathi Limited Premium.
Is bonus guaranteed in LIC endowment plans?
Bonus is not guaranteed in advance for participating plans. It depends on future bonus declaration. Guaranteed addition is fixed only in selected non-participating plans.
Can this calculator calculate Jeevan Sathi joint-life benefit?
Yes. It can estimate first death benefit, second death benefit and simultaneous death benefit for New Jeevan Sathi plans.
What is maturity benefit in LIC endowment plans?
Maturity benefit is the amount payable if the life assured survives till the end of the policy term. It may include Basic Sum Assured plus bonus or guaranteed additions.
Is Bima Lakshmi available for everyone?
Bima Lakshmi is designed as a female-only savings plan, so the calculator checks gender eligibility before showing the result.
Conclusion
LIC Endowment Plan Calculator is helpful for understanding how different LIC endowment policies may work before making a decision. Since LIC’s official endowment category includes different types of plans, a single formula cannot calculate every policy correctly.
A good calculator should handle bonus-based plans, guaranteed addition plans, child plans, female savings plans and joint-life plans separately. This calculator does that by using plan-wise formulas and showing maturity, death benefit and special benefit in a simple result table.
The result should always be treated as an estimate. For final premium and official benefit details, LIC’s official quotation or policy brochure should be checked.