LIC's Jeevan Shagun Plan 826 Calculator
UIN: 512N290V01 | Single Premium Money Back Plan
📅 Plan Availability
Launch Date: 1st September 2014
Withdrawal Date: 30th November 2014
Plan Status: Closed (90-day limited period plan)
💰 Premium & Benefit Details
📊 Survival Benefits (Money Back)
| Year | Benefit Type | Amount |
|---|---|---|
| 10th Year | Survival Benefit | ₹0 |
| 11th Year | Survival Benefit | ₹0 |
| 12th Year (Maturity) | Maturity Benefit + Loyalty Addition* | ₹0 |
| Total Guaranteed Returns | ₹0 | |
Death Benefit:
• Within first 5 years: Basic Sum Assured (10× Single Premium)
• After 5 years: Basic Sum Assured + Loyalty Addition*
*Loyalty Addition: Additional bonus declared by LIC based on performance (not guaranteed).
Note: The above calculations show guaranteed benefits only. Actual maturity amount may be higher with Loyalty Additions.
LIC Jeevan Shagun Plan 826 is a single premium, non-linked, with-profit money-back plan designed for those who want both savings and insurance protection in one package.
What is LIC Jeevan Shagun Plan 826?
LIC Jeevan Shagun Plan 826 is a close-ended, single-premium money-back plan launched by LIC (Life Insurance Corporation of India). It is designed for individuals who want to invest a lump sum amount and get regular returns along with life insurance coverage.
The plan is non-linked, which means it is not affected by market fluctuations, and it is with-profit, so policyholders may receive loyalty additions based on LIC’s experience.
Key Features of LIC Jeevan Shagun Plan 826
- Policy Term: 12 years.
- Premium Payment: Single premium only.
- Minimum Entry Age: 8 years.
- Maximum Entry Age: 45 years.
- Minimum Maturity Sum Assured: ₹60,000.
- Maximum Maturity Sum Assured: No limit.
- Survival Benefits: Paid at the end of the 10th and 11th policy years.
- Maturity Benefit: Paid at the end of the 12th policy year.
- Death Benefit: Paid to the nominee if the policyholder dies during the policy term.
Launch Date and Withdrawal Date
- Launch Date: 1st September 2014.
- Withdrawal Date: 30th November 2014.
- Availability: The plan was available for sale for only 90 days from the launch date.
How Does the Jeevan Shagun Plan 826 Calculator Work?
A Jeevan Shagun Plan 826 calculator helps you estimate the premium, survival benefits, maturity benefit, and loyalty additions for your chosen sum assured. The calculator uses the following inputs:
- Maturity Sum Assured: The amount you want to receive at maturity.
- Age of the Policyholder: The age at which the policy is purchased.
- Policy Term: 12 years.
The calculator then provides:
- Single Premium: The lump sum amount you need to pay.
- Survival Benefits: The amount you will receive at the end of the 10th and 11th policy years.
- Maturity Benefit: The amount you will receive at the end of the 12th policy year.
- Loyalty Addition: Any additional amount declared by LIC based on their experience.
Step-by-Step Guide to Using the Jeevan Shagun Plan 826 Calculator
- Enter Maturity Sum Assured: Choose the amount you want to receive at maturity. The minimum is ₹60,000 and there is no maximum limit.
- Enter Age of Policyholder: Input the age of the person for whom the policy is being purchased. The minimum age is 8 years, and the maximum is 45 years.
- Policy Term: The term is fixed at 12 years.
- Calculate Premium: The calculator will show the single premium amount you need to pay.
- View Benefits: The calculator will display the survival benefits at the end of the 10th and 11th policy years, and the maturity benefit at the end of the 12th policy year.
- Loyalty Addition: Any loyalty addition declared by LIC will be added to the maturity benefit.
Benefits of Jeevan Shagun Plan 826
- High Life Cover: The plan provides a high life cover in case of the policyholder’s death.
- Regular Returns: You receive survival benefits at the end of the 10th and 11th policy years.
- Maturity Benefit: At the end of the 12th policy year, you receive the maturity benefit along with any loyalty addition.
- Tax Benefits: The plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act.
- Loan Facility: You can avail a loan against the policy after a certain period.
How to Buy Jeevan Shagun Plan 826
- Online: Visit the official LIC website or trusted insurance platforms like PolicyX.com to buy the plan online.
- Offline: Visit the nearest LIC branch office to purchase the plan.
Documents Required
- Photo ID Proof (Passport, Aadhar card, PAN card, Driving license).
- Age Proof (birth certificate, school certificate, etc.).
- Address Proof (Aadhar card, passport, etc.).
Important Points to Remember
- Close-Ended Plan: The plan was available for sale only for 90 days from the launch date.
- Single Premium: The premium is paid in one lump sum amount.
- Survival Benefits: Paid at the end of the 10th and 11th policy years.
- Maturity Benefit: Paid at the end of the 12th policy year.
- Loyalty Addition: Any additional amount declared by LIC based on their experience.
Comparison with Other LIC Plans
| Plan Name | Premium Payment | Policy Term | Survival Benefits | Maturity Benefit | Loyalty Addition |
|---|---|---|---|---|---|
| Jeevan Shagun 826 | Single Premium | 12 years | 15% at 10th year, 20% at 11th year | 65% + Loyalty Addition | Yes |
| Jeevan Anand 815 | Regular Premium | 15-20 years | No | 100% + Bonus | Yes |
| Jeevan Labh 936 | Limited Premium | 10-15 years | No | 100% + Bonus | Yes |
Frequently Asked Questions
What is LIC Jeevan Shagun Plan 826?
LIC Jeevan Shagun Plan 826 is a non-linked, single-premium money-back life insurance plan by LIC, offering a mix of insurance protection and guaranteed returns over a 12-year term.
When was LIC Jeevan Shagun Plan 826 launched and withdrawn?
The plan was launched on September 1, 2014, and was withdrawn from sale on November 30, 2014.
What is the minimum and maximum entry age for this plan?
The minimum age to enter the plan is 8 years, and the maximum age is 45 years (nearest birthday).
What is the policy term and premium payment mode?
The policy term is fixed at 12 years, and the premium is paid only once as a single premium.
What are the money-back benefits under this plan?
The plan pays 15% of the sum assured at the end of the 10th year and 20% at the end of the 11th year as survival benefits.
What amount is payable on maturity?
At the end of 12 years, 65% of the sum assured is paid as a maturity benefit along with any loyalty additions declared by LIC.
Conclusion
LIC Jeevan Shagun Plan 826 is a great option for those who want to invest a lump sum amount and get regular returns along with life insurance coverage. The plan is non-linked, with-profit, and offers high life cover, regular returns, and tax benefits.
The Jeevan Shagun Plan 826 calculator helps you estimate the premium, survival benefits, maturity benefit, and loyalty additions for your chosen sum assured. The plan was launched on 1st September 2014 and was available for sale for only 90 days, with the withdrawal date being 30th November 2014.