LIC Endowment Plan Calculator

LIC endowment plans mix life insurance with savings, helping you build a secure future. A calculator for these plans lets you see premiums and payouts easily before buying.

What Are Endowment Plans?

Endowment plans from LIC pay a lump sum at maturity if you survive the term or to your family if something happens earlier. They earn bonuses declared yearly, making them great for goals like a child’s education or retirement.

These plans suit people wanting protection plus guaranteed returns. Unlike term plans, they give money back at the end.

Why Use an LIC Endowment Plan Calculator?

An online calculator shows how much premium you pay based on age, sum assured, and term. It estimates maturity value with bonuses, helping compare plans.

You enter details like age, policy term, and sum assured. It gives yearly premiums and total benefits quickly.

This tool saves time and avoids surprises. Many sites offer free versions for LIC plans

How to Use the Calculator Step by Step

Pick a plan from the dropdown. Enter your age, gender, sum assured (like Rs 5 lakhs), policy term (15-25 years), and premium paying term.

Choose payment mode: yearly, half-yearly, or monthly. Click calculate to see premium quotes and the maturity chart.

Adjust values to fit your budget. It shows death benefits too, which are often 7-10 times the annual premium plus bonuses.

Key Features Across LIC Endowment Plans

All plans offer a loan after 2-3 years, surrender value after premiums are paid, and revival if lapsed within 5 years. Riders like accidental death add protection.

Bonuses vary by plan; simple reversionary ones vest yearly. The final bonus boosts maturity. ​

Premiums get rebates for high sum assured or yearly mode.

Detailed Look at Popular Plans

Plan 717: Single Premium Endowment

Pay once upfront. UIN 512N283V03, launched October 1, 2024 (replaced 917).

Term: 10-40 years. Death benefit: the higher of 1.25x premium or sum assured. Maturity: sum assured bonuses. Loan after 1 year.

Good for lump sum investors. The calculator shows quick returns with bonuses.

Plan 714: New Endowment Plan

Basic savings plan. UIN 512N277V03, available from October 1, 2024 (modified from 914).

Premium paying term equals policy term (12-35 years). Min assured sum: Rs 2 lakhs. Earns bonuses; surrender after 2 years.

Use a calculator for a steady premium view over the long term.

Plan 715: New Jeevan Anand

Life cover continues after maturity. UIN 512N279V03, launched October 17, 2024 (replaced 915).

Term: 15-35 years. Maturity: sum assured bonuses, then risk cover to age 100. Death anytime: full benefits.

Calculator highlights lifelong protection value.

Plan 733: Jeevan Lakshya

For the child’s future. UIN 512N297V03, current from October 1, 2024.

Term 13-25 years, premium pay term = term minus 3. On death, 10% of the sum assured yearly to full maturity later.

Premium rebate for high SA. Great for parents; the calculator shows survival benefits.

Plan 736: Jeevan Labh

Limited pay options. UIN 512N304V03, launched October 17, 2024 (from 936).

Terms: 16/21/25 years, PPT: 10/15/16 years. Min SA Rs 2 lakhs. Death: the higher of SA or 7x premium bonuses.

Flexible; the calculator compares PPT options.

Plan 774: Amritbaal

Child plan with single/limited premium. UIN 512N365V02.

Options for 7x or 10x premium death cover. Guaranteed surrender value from year 3.

Focuses on child’s goals; use calculator for premium variants.

Plan 760: Bima Jyoti

Non-par, guaranteed additions. UIN 512N339V03, modified recently.

PPT = term minus 5. Additions: Rs 50 per 1000 SA yearly. Death: 125% SA additions.

No bonus risk; the calculator is straightforward for guarantees.

Plan 912: Nav Jeevan Shree Limited Premium

Limited pay endowment. UIN 512N387V02.

PPT 6-12 years, term 5-20. Additions: 8.5-9.5% of premium. Death 7x or 10x premium.​

Women-friendly; the calculator shows high additions.

Plan 911: Nav Jeevan Shree Single Premium

One-time pay. UIN 512N390V01, launched around 2025.

Additions: Rs 85 per 1000 SA yearly. Flexible terms; loan available.

Quick investment; easy calculator input.

Plan 881: Bima Lakshmi

Women-only money back. UIN 512N389V01.

Term: 25 years, PPT: 7-15. Money back every 2/4 years. Maturity and survival benefits.

Modules for extra illness cover. The calculator factors payouts.

Comparison Table of Plans

Tips for Choosing the Right Plan

Match the term to the goal: 15 years for education, 25 for retirement. Check current bonus rates on the LIC site.

Use high SA for rebates. Women check 881; parents 733 or 774.

Always run the calculator multiple times. Consult the agent for exact quotes with health details.

Common Mistakes to Avoid

Don’t ignore bonuses; they make up 50-70% maturity. Pick too short term limits for growth.

Forget taxes or riders. Surrendering early loses value.

Overlook PPT; limited pay eases the burden but costs more yearly.

FAQs

Conclusion

LIC endowment plan calculators make planning simple and clear. Pick a plan like 715 for lifelong cover or 717 for one-time pay, run numbers, and secure your future today. Visit LIC official site for the latest details.