LIC Jeevan Vishwas Plan 136 Calculator
UIN: 512N122V01 · Benefit split and guaranteed surrender value estimate
Estimated Benefit Breakdown
Guaranteed Addition used: ₹60 for every ₹1,000 of Sum Assured for each completed policy year. Loyalty Addition depends on LIC declarations and is not guaranteed.
Guaranteed Surrender Value
LIC Jeevan Vishwas Plan 136 was a traditional endowment assurance policy designed to support a dependant with a disability. Its benefit was not paid entirely as one cash amount. Instead, 20% was paid as a lump sum and the remaining 80% was used to provide an annuity on the dependant’s life.
LIC withdrew Plan 136, UIN 512N122V01, on 1 January 2014. It cannot be purchased as a new policy. This guide and calculator are useful for existing policyholders who want to know Guaranteed Additions, maturity or death benefits, the 20:80 allocation and surrender value.
Also Check: LIC Insurance Plan Calculators
Table of Contents
About Jeevan Vishwas Plan 136 Maturity Calculator
The calculator adds the Sum Assured, eligible Guaranteed Additions and and given Loyalty Addition to shows the estimated total benefit. Its divides that benefit into the 20% immediate payment and the 80% annuity allocation. It also calculate an Guaranteed Surrender Value.
LIC Jeevan Vishwas Quick Overview
| Feature | Plan details |
|---|---|
| Plan name | LIC Jeevan Vishwas |
| Plan number | 136 |
| UIN | 512N122V01 |
| Plan type | With-profit Endowment Assurance Plan |
| Main purpose | Financial support for a dependant with a disability |
| Premium modes | Yearly, half-yearly, quarterly or single premium |
| Guaranteed Addition | ₹60 per ₹1,000 Sum Assured for each eligible completed year |
| Loyalty Addition | Non-guaranteed terminal addition, if declared |
| Benefit distribution | 20% lump sum and 80% used for annuity |
| Surrender eligibility | After at least three years in force |
| Current status | Withdrawn from sale |
What is Jeevan Vishwas Plan 136?
Jeevan Vishwas is a specialised endowment plan. In this plan premiums were payable throughout the policy term or until the earlier death of the life assured. A single-premium option was also available.
On survival until maturity or earlier death, the eligible benefit included the Sum Assured, Guaranteed Additions and Loyalty Addition, if any. LIC paid 20% of this benefit as a lump sum. The remaining 80% was used to provide as annuity on the life of the dependant.
The 80% amount was not cash paid directly and was not the annual or monthly annuity income. The actual annuity depended on the option, rate and conditions applicable when the benefit became payable.
Key Highlights of This Plan
- Designed for the financial welfare of a dependant with a disability
- Guaranteed Addition of ₹60 per ₹1,000 Sum Assured
- Possible Loyalty Addition from the fifth year onward
- Maturity and death benefits use the same basic benefit structure
- 20% of the benefit paid as a lump sum
- 80% allocated to provide an annuity
- Regular and single-premium payment options
- Surrender facility after satisfying the required conditions
How Plan 136 Works?
The plan has three main benefit components:
| Benefit component | Meaning |
| Sum Assured | Basic insurance amount selected under the policy |
| Guaranteed Additions | Fixed additions for eligible completed full-force years |
| Loyalty Addition | Possible non-guaranteed terminal addition declared by LIC |
Total Eligible Benefit
= Sum Assured
+ Guaranteed Additions
+ Loyalty Addition, if applicableThe total is then divided:
Immediate Lump-Sum Payment
= Total Eligible Benefit × 20%
Amount Allocated for Annuity
= Total Eligible Benefit × 80%Premium Payment Options
| Premium option | Payment frequency |
| Yearly | One payment every year |
| Half-yearly | Two payments every year |
| Quarterly | Four payments every year |
| Single premium | One payment at the beginning |
The premium shown in the original policy schedule should be used for reference. The available brochure does not contain the complete historical rate table needed to calculate an exact premium for every age, term, Sum Assured and health condition.
Guaranteed Additions
The policy provided a Guaranteed Addition of ₹60 per ₹1,000 Sum Assured for every eligible completed policy year while it remained fully in force.
Guaranteed Additions
= Sum Assured ÷ 1,000
× ₹60
× Eligible Completed Full-Force YearsIf the Sum Assured is ₹2,50,000 and 15 complete years qualify:
₹2,50,000 ÷ 1,000 × ₹60 × 15
= ₹2,25,000Only complete qualifying years should be counted. For an uninterrupted in-force policy at maturity, this will normally match the policy term. For death during a policy year, use only the eligible years completed before the claim date.
The old brochure contains an internal inconsistency: it states a 25-year policy term but includes a Year 30 row. Therefore, the policy bond and LIC records should be used to confirm the term and eligible Guaranteed Addition years.
Loyalty Addition
Loyalty Addition is a terminal benefit linked to LIC’s experience. The brochure says it may be payable from the fifth year onward. It is not a fixed annual addition and is not guaranteed.
When LIC has confirmed an applicable rate:
Loyalty Addition
= Sum Assured ÷ 1,000
× Applicable Loyalty Addition RateThe rate can differ according to the claim year and LIC’s declaration. A calculator should not use one permanent rate for every policy. If neither a rate nor an amount has been confirmed, leave Loyalty Addition at zero.
Maturity and Death Benefits
The basic formula applies on survival until maturity or earlier death while the policy is eligible:
Estimated Benefit
= Sum Assured
+ Eligible Guaranteed Additions
+ Loyalty Addition, if applicableThe total benefit is then split into 20% as a lump sum and 80% for the annuity arrangement.
For a death estimate, count only eligible completed full-force years up to the relevant date. Do not enter the full policy term when death occurred earlier.
How to Use LIC Jeevan Vishwas Plan 136 Calculator
- Enter the original Sum Assured from the policy bond.
- Enter the eligible completed years during which the policy remained fully in force.
- Choose maturity or death as the benefit event.
- Enter a verified Loyalty Addition amount or applicable rate, if available.
- Select Calculate to see the total benefit, 20% lump sum and 80% annuity allocation.
For surrender, choose the premium type and enter the basic premium details shown in the policy records. Do not include tax, extra premium or supplementary-benefit charges in the basic-premium fields.
Calculation Example
Below given details we will use in this calculation.
| Policy detail | Example value |
| Sum Assured | ₹3,50,000 |
| Eligible completed full-force years | 18 years |
| Guaranteed Addition rate | ₹60 per ₹1,000 |
| Assumed Loyalty Addition | ₹12,000 |
| Benefit event | Maturity |
The ₹12,000 Loyalty Addition is used only to explain the formula. It is not a standard or guaranteed Plan 136 amount.
Guaranteed Additions
₹3,50,000 ÷ 1,000 × ₹60 × 18
= ₹3,78,000Total Benefit
₹3,50,000 + ₹3,78,000 + ₹12,000
= ₹7,40,000Benefit Allocation
20% Lump-Sum Payment
= ₹7,40,000 × 20%
= ₹1,48,000
80% Annuity Allocation
= ₹7,40,000 × 80%
= ₹5,92,000| Result | Amount |
| Sum Assured | ₹3,50,000 |
| Guaranteed Additions | ₹3,78,000 |
| Assumed Loyalty Addition | ₹12,000 |
| Total estimated benefit | ₹7,40,000 |
| Immediate lump-sum payment | ₹1,48,000 |
| Amount allocated for annuity | ₹5,92,000 |
The ₹5,92,000 is the amount allocated for annuity. It is not the monthly or annual annuity income. An actual annuity quotation requires the applicable option, rate and LIC terms.
Surrender Value
The policy could be surrendered after it had remained in force for at least three years.
Regular-Premium Policy
Guaranteed Surrender Value
= 30% ×
(Total Basic Premiums Paid − First-Year Basic Premium)Assume a yearly basic premium of ₹9,600 was paid for six years:
Total Basic Premiums Paid
= ₹9,600 × 6
= ₹57,600
Guaranteed Surrender Value
= 30% × (₹57,600 − ₹9,600)
= 30% × ₹48,000
= ₹14,400Single-Premium Policy
Guaranteed Surrender Value
= 90% × Single Premium PaidAny extra premium is excluded from the single-premium formula.
LIC may calculate a Special Surrender Value that is equal to or higher than the Guaranteed Surrender Value. The final surrender quotation can differ because LIC considers the reduced claim amount, policy duration and other applicable factors.
What If Premiums Were Stopped?
If the required premiums were not paid, the policy may have lapsed or continued with reduced paid-up benefits. The calculator should not automatically show the full Sum Assured, all scheduled Guaranteed Additions and the normal 20:80 benefit as confirmed.
Enter only eligible Guaranteed Additions supported by LIC records. The paid-up benefit, revival amount and surrender value should be confirmed with LIC.
Tax Benefits and Tax Rules
Tax treatment depends on the policy conditions, issue date, premium, Sum Assured, applicable law and chosen tax regime. A deduction or exemption should not be promised without checking these details.
Tax, late fees, extra premium and supplementary-benefit charges should remain separate from the basic-premium surrender calculation. Current tax rules should be checked before claiming a deduction or exemption.
Important Points to Remember
- Check the original Sum Assured and policy term.
- Enter only eligible completed full-force years.
- Treat Loyalty Addition as optional unless LIC confirms it.
- Do not treat the 80% allocation as annuity income.
- Exclude non-basic charges from the GSV calculation.
- Do not show full benefits for an uncertain, lapsed or paid-up policy.
- Use LIC’s quotation for the final maturity, death, annuity or surrender amount.
Also Check:
- LIC Jeevan Kishore Plan 102 Calculator
- LIC Jeevan Mitra Calculator
- LIC Jeevan Shagun Plan 826 Calculator
- LIC Jeevan Shikhar Plan 837 Calculator
Frequently Asked Questions
Is LIC Jeevan Vishwas Plan 136 still available?
No. LIC withdrew Plan 136 on 1 January 2014. It cannot be purchased as a new policy.
What is the Guaranteed Addition rate?
The rate is ₹60 per ₹1,000 Sum Assured for every eligible completed policy year while the policy remains fully in force.
How is the maturity or death benefit paid?
LIC pays 20% of the eligible benefit as a lump sum and uses the remaining 80% to provide an annuity on the dependant’s life.
Is Loyalty Addition guaranteed?
No. It is a possible terminal addition based on LIC’s declaration and may become payable from the fifth year onward.
5. Can the plan be surrendered?
Yes. Surrender value becomes available after the policy has remained in force for at least three years. LIC may pay the applicable Guaranteed or Special Surrender Value.
Conclusion
LIC Jeevan Vishwas Plan 136 is a specialised endowment policy designed to provide immediate support and a longer-term annuity arrangement for a dependant with a disability. Its benefit includes the Sum Assured, eligible Guaranteed Additions and any applicable Loyalty Addition.
The calculator can estimate the total benefit, 20% lump-sum payment, 80% annuity allocation and Guaranteed Surrender Value. Accurate use requires the correct policy status, eligible completed years and LIC-confirmed Loyalty Addition.
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.