LIC Samridhi Plus Plan 804 Calculator
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Year-wise Fund Projection
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The LIC Samridhi Plus Plan 804 Calculator helps estimate policy benefits, fund value, charges and maturity value for this LIC Samridhi Plus ULIP. The plan came with a fixed policy term of 10 years and offered either a single premium or a limited premium-paying term of five years. We can also identify this policy as Plan No. 804 UIN 512L265V01. This plan was withdrawn on 25 May 2011.
Unlike a traditional endowment policy, Samridhi Plus invested the allocated premium into a unit-linked fund. The value of the policy therefore depended on units, NAV, applicable policy charges and withdrawals.
Highlights of Samridhi Plus Calculator
Samridhi Plus cannot be understood simply by multiplying the premium by the policy term. Premium allocation charges, policy administration charges, mortality costs, NAV movement and the guaranteed-NAV feature can all affect the final value. So the calculator helps us to understand these plans easily just by entering values.
Key calculator benefits include:
- Supports Single Premium and 5-Year Limited Premium options.
- Uses the fixed 10-year policy term applicable to Plan 804.
- Checks premium and Sum Assured limits according to age.
- Calculates the amount actually available for investment after premium allocation charges.
- Estimates total premium paid and projected fund value.
- Allows an assumed investment-return rate for illustration.
- Accounts for important policy charges used in the plan.
- Estimates the death benefit using the policy’s Fund Value and Basic Sum Assured rules.
- Allows guaranteed NAV and maturity NAV to be considered separately.
- Can show the impact of partial withdrawals or surrender where applicable.
- Provides a year-wise projection so the policy can be understood more easily.
The result should be treated as an estimate, not an official LIC settlement quotation. Actual values can differ because the real policy depends on the NAV applicable on relevant dates, units actually held, mortality charges, withdrawals and other policy transactions.
What is LIC Samridhi Plus Plan 804?
LIC Samridhi Plus Plan 804 is a Unit-Linked Insurance Plan (ULIP) launched by the Life Insurance Corporation of India (LIC) in February 2011. It combined life insurance protection with market-linked investment and a special maturity benefit based on the highest Net Asset Value (NAV) recorded during the initial 100 months of the policy.
What Is LIC Samridhi Plus Plan 804 Calculator?
The LIC Samridhi Plus Plan 804 Calculator is an online calculation tool designed specifically around the original conditions of Samridhi Plus rather than using a generic ULIP formula.
Samridhi Plus was a unit-linked plan in which premiums, after the applicable allocation charge, were used to purchase units. Samridhi Plus Fund, classified as a medium-risk fund; there was no selection between separate growth, balanced or bond funds under this particular plan.
One of the most important calculations is the maturity benefit. LIC stated that the Fund Value payable at maturity would be based on the higher of the highest NAV recorded during the first 100 months of the policy or the NAV applicable on the maturity date, subject to the guaranteed-NAV conditions.
How Samridhi Plan 804 Calculator Works
- Premium Payment Type: The calculator first identifies whether the policy was purchased under the Single Premium or 5-Year Limited Premium option.
- Premium Payment Modes: Limited Premium policies allowed yearly, half-yearly, quarterly, and monthly ECS payment modes.
- Minimum and Maximum Premium:
- Minimum Yearly Premium: ₹15,000
- Maximum Annual Premium: ₹1,00,000
- Minimum Single Premium: ₹30,000
- Maximum Single Premium: Not specified in LIC’s official plan documents.
- Premium Allocation Charges:
- Single Premium: 3.30% of the premium.
- Limited Premium (1st Year): 6%.
- Limited Premium (2nd–5th Year): 4.50% per year.
- Policy Administration Charges: Started at ₹30 per month in the first policy year, increasing by 3% annually thereafter.
- Mortality Charges: Calculated based on the policyholder’s age and life insurance cover at risk.
How to Use LIC Samridhi Plus Calculator
- Select Premium Type: Choose Single Premium for a one-time payment or 5-Year Limited Premium if premiums were payable over five years.
- Enter Age at Policy Commencement: Enter the policyholder’s age when the policy started. The official entry-age range was 8 to 65 years, subject to LIC’s age definitions. Age helps validate the permitted Basic Sum Assured.
- Enter Premium and Sum Assured: Provide the premium amount, payment mode where applicable, and the Basic Sum Assured mentioned in the policy document.
- Select Assumed Return or NAV: Choose an assumed return for projected fund-value illustrations. If actual policy details are available, enter the relevant NAV or guaranteed NAV instead.
- Add Optional Details: Enter partial withdrawals, if applicable. Withdrawals may reduce the remaining units and affect death-benefit calculations.
- Calculate Benefits: Click Calculate to view the estimated maturity benefit, projected fund value, total premiums paid, and death benefit.
- Review Detailed Results: Check the premium breakdown, applicable charges, and year-wise policy values for a more detailed analysis.
- Reset the Calculator: Click Reset to clear all entered details and start a new calculation.
Death Benefit under Plan 804
When the policy cover was fully in force, LIC specified the death benefit as the higher of the Basic Sum Assured and Policyholder’s Fund Value. If partial withdrawals had been made during the two years immediately before death, the Basic Sum Assured used for this purpose could be reduced by those withdrawals according to the policy conditions.
For example, if the adjusted Basic Sum Assured is ₹2,00,000 and Fund Value is ₹2,35,000, the benefit under this basic comparison would be ₹2,35,000.
Maturity Benefit and Guaranteed NAV
The key feature of LIC Samridhi Plus Plan 804 is its guaranteed NAV benefit. At maturity, the Fund Value is based on the higher of the highest NAV during the first 100 months or the maturity NAV, subject to a minimum NAV of ₹10 and applicable policy conditions.
The LIC Samridhi Plus Plan 804 Calculator helps estimate maturity benefits using actual policy details or projections. Always verify the results against LIC’s official policy statement before making financial decisions.
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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.