Premium Calculator for Jeevan Umang (Plan No:845)

Calculate your Yearly, Half Yearly, Quarterly and Monthly premium with service tax for LIC Jeevan Umang (Table No: 845). Premium calculator also provides option to include Accidental Death & Disability Benefit rider's premium with base plan.

Jeevan Umang (845) has been modified with effect from 01-Feb-2020, for new plan calculator go to Jeevan Umang (945) Premium Calculator [Modified Plan].

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Comments & Reviews (29)

Wrote :

01-07-2020 01:36:04

I am paying monthly premium of 1500000 sum assured for 20 years. My age is 25. So when can I get the money yearly and how much I get every year?

Wrote :

01-07-2020 13:45:41

You will start getting 8% of Sum Assured every year after completion of premium paying term. In your case, you will start getting 1,20,000 every year after 20 years, from year of purchase.

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Wrote :

10-04-2020 13:05:13

Hi,
premium calculated by Lic of India portal is different from your calculation, can you please confirm which is correct.
Age:50 years
Sum Assured: 1 crores.
Premium Term = 20 years.
as per lic portal premium= 557,000+GST yearly
as per your portal= 567,000+GST yearly
the difference of 10,000 INR in premium???

Wrote :

10-04-2020 13:58:16

Please uncheck Accidental & Disability Rider while calculating, the difference because it also includes premium of this rider.

Wrote :

10-04-2020 14:06:42

Thanks, what is the Coverage of Accidental and Disability Rider / Sum assured. If I buy the Policy of 1Crore BSA.

Wrote :

10-04-2020 14:16:00

It would provide additional death claim amount equal to BSA in case of accidental death. For cases where accident causes permanent disability, all further premiums of the rider and base plan are waived off; and the Sum Assured amount would be paid in monthly installments over the next 10 years. You may try following calculator for better understanding.
LIC Jeevan Umang Plan (945) Maturity Calculator [Modified Plan]

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Wrote :

06-04-2020 17:12:41

I am purchase Jeevan umang 845 plan in2018.But I cannot understand what maturity value get after 15 years complete. Final addition bonus and bonus for 15 years calculation also explain.

Wrote :

10-04-2020 11:38:07

Please use following calculator and use year of purchase as 2020 for understanding purpose.
LIC Jeevan Umang Plan (945) Maturity Calculator [Modified Plan]

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Wrote :

15-03-2020 18:01:55

I am unable to understand why I am being charged 5,54,988 where my Sum assured is 4,50,000 please help with the understanding.

Wrote :

15-03-2020 20:51:18

Premium also depends upon age and policy term. Higher the term, less will the premium and older the person, higher will be the premium. Please follow the link below to understand more.
Premium Paid Vs. Sum Assured

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Wrote :

29-12-2019 13:00:22

if jeevan labh and anand policy is still available.

Wrote :

30-12-2019 09:35:45

Yes, these plans are available for purchase.

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Wrote :

13-12-2019 01:33:19

Iss jeevan umang policy is still available????

Wrote :

14-12-2019 21:19:55

Yes, it is available.

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Wrote :

28-10-2019 11:50:07

If I select jeevan umang for 15 years plan and 10 lakhs policy . After completion of 15 years term how much amount will return yearly . And if I died after 1 year taking policy how much amount will come.

Wrote :

29-10-2019 14:01:05

After completion of 15 years, you will receive 80000 per year as survival benefits. And in case of death in 16th year, nominee will get 1000000 + bonus for 16 years+ final addition bonus.

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Wrote :

04-09-2019 02:06:56

Regarding Premium payment, Do we have option of Single Time Deposit for Jeevan Umang Policy ? (like we have in Jeevan Akshay Plan VI).

Wrote :

05-09-2019 08:48:59

NO, the minimum term for which you need to pay is 15 years.

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Wrote :

01-04-2019 14:20:24

Which is better Jeevan Anand r Jeevan Umang???

Wrote :

01-04-2019 22:09:39

Both are different plans, a plan can be considered better than the other, if the objective of investment is known. Please share your investment objective for further information.

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Wrote :

15-03-2019 16:03:40

Which policy best labh or Jivan umang. Maturity purposes.

Wrote :

18-03-2019 17:29:58

Labh will be better as in Jeevan Umang maturity will available after 100 years.

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Wrote :

21-02-2019 20:10:05

IS THERE ANY MEDICAL CHECK FOR AGE ABOVE 50..

Wrote :

22-02-2019 12:36:54

Yes, for higher sum assured, medical examinations will be required.

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Wrote :

28-01-2019 04:46:49

Bro, for example I take a jeevan Umang policy for 15 years and paid first 5 years but did not pay for next 2 years and again paid next 2 years. So total I paid for 7 years : 1- 5 yrs 8th and 9th yr. So in this case my paid up value calculated - will it be for 5yrs or 7 years.

Wrote :

28-01-2019 22:18:10

You wont be able to skip premium for 6th and 7th policy years. After 5th year, if you will pay in 8th policy year, then it will a case of revival and premium will be adjusted against 6th policy years.

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Wrote :

20-01-2019 22:58:52

I am 30 years old if i pay for 15 years in jeevan umang when my pension will be started?

Wrote :

22-01-2019 09:03:03

Pension or yearly money back equals to 8% of sum assured will start from 16th year.

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Wrote :

07-12-2018 21:14:19

This policy is not giving at least 4% returns Premium Paying years Accumulated Premium Interest Rate Interest Amount Year End Amount with Interest 1.00 122,804.00 6.00% 7,368.24 130,172.24 2.00 252,976.24 6.00% 15,178.57 268,154.81 3.00 390,958.81 6.00% 23,457.53 414,416.34 4.00 537,220.34 6.00% 32,233.22 569,453.56 5.00 692,257.56 6.00% 41,535.45 733,793.02 6.00 856,597.02 6.00% 51,395.82 907,992.84 7.00 1,030,796.84 6.00% 61,847.81 1,092,644.65 8.00 1,215,448.65 6.00% 72,926.92 1,288,375.57 9.00 1,411,179.57 6.00% 84,670.77 1,495,850.34 10.00 1,618,654.34 6.00% 97,119.26 1,715,773.60 11.00 1,838,577.60 6.00% 110,314.66 1,948,892.26 12.00 2,071,696.26 6.00% 124,301.78 2,195,998.03 13.00 2,318,802.03 6.00% 139,128.12 2,457,930.16 14.00 2,580,734.16 6.00% 154,844.05 2,735,578.21 15.00 2,858,382.21 6.00% 171,502.93 3,029,885.14 After 15 years our aount will be 30,29,885/- it you calculate 8% 2,44,000/- per year but you are paying only 1,20,000/- waste policy

Wrote :

08-12-2018 13:38:37

It is 8% of sum assured every year after completion of premium paying term, not 8% return on investment. It also provides death cover during policy term and maturity at 100.

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Wrote :

27-08-2018 17:27:56

Jeevan Umang (845) High Basic Sum Assured rebate is given or not? Just now I used your premium calculator where in premium arrived is Rs.16760/- for sum assured of 2 lacs with Premium with AD &DB rider & TERM RIDER & DAB BENEFIT

Wrote :

28-08-2018 22:33:23

Yes, there is High Sum Assured Rebate in Jeevan Umang. Calculated Premium is after deducting High Sum Assured Rebate and premium payment mode rebate.

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Wrote :

30-08-2017 16:46:08

Please clarify whether your premium calculation under plan Jeevan Umang (845) High Basic Sum Assured rebate is given or not? Just now I used your premium calculator where in premium arrived is Rs.195610 for sum assured of 25 lacs with ABDB rider but as per LIC chart it works out Rs.192985. Please also clarify the rate for ABDB rider. Kudos for your web site. S.V.SUDHARSANAM

Wrote :

01-09-2017 09:51:05

Above premium is after all rebates. As per your case of SA- 2500000, term-15, and age-35 following will be the calculation.
Base Premium: 191735
Premium with AD &DB rider: 195610(191735 + 3875)
Premium with Accidental rider: 192985(191735 + 1250),
So, AD & DB (Accidental Benefit & Disability Benefit) Rider is different from Accidental Benefit rider. Above calculator have option of AD & DB Rider only.

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Wrote :

22-06-2017 12:13:30

all in one mobile calculator showing your calculation for the different suppose date of DOB 20/12/1966 PPT 15 TERM 49 SA 500 000 Five Lacs What Premium details required

Wrote :

22-06-2017 12:18:35

Kindly make sure which riders are included, above rider have option of Accidental & Disability Rider only.

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Wrote :

18-06-2017 18:36:06

If a PPT is 15 SA is 10 lac age 44 suppose she pays prm 3 year and die premm is less than 2 lacs what her nominee Will get ?

Wrote :

19-06-2017 19:09:33

Her nominee will get death claim amount which will be equal to sum assured + bonus.

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Wrote :

01-06-2017 20:30:43

It's just an illusion maturity at 100years who wl survive all money invested wl be blocked and just 8prcnt wl be 1prcnt aftr 30 years of payment with minimum and early entry also it wl not beat inflation nor our hard earned invested money wl not be of any use in time

Wrote :

01-06-2017 22:01:41

Thanks for your comments. If a person not surviving 100 years is not an issue for all individuals because, in case of death at any time after premium paying term, a substantial amount will be paid to his/her nominee. This plan may fulfill objective of a person who is interested in leaving behind a substantial amount to his/her dependents. On the interest front, who knows if there will not be 0% interest after 30 years.

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Wrote :

26-05-2017 22:43:54

For age upto 40 years go for ATAL PENSION PLAN in which pension start from 60 year pension amt : 60000/- per year and premium is only 180/- to 1350/- per month for age 18 to 40 year. Also contact any bank or po for further clarification.

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Wrote :

22-05-2017 11:26:20

easy to find term (30 - current age )=Nearst 30years ppt 15/20/25/30 etc exam. age 13 30 - 13=17 so nearest lowest term 20 30 - 17= 13 so 15 30-7=23 so 25 30-20=10 so 15 always not less than 30 years (PPT+CALCULATED AGE)

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Wrote :

21-05-2017 17:06:01

Is this a money back policy ?

Wrote :

22-05-2017 12:29:58

Yes, it will provide money back (survival benefits @8% od Sum Assured) every year from completion of premium paying term to 99 year of age and maturity on 100 year of age.

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Wrote :

17-05-2017 15:47:38

Sir, kya Premium Paying Term 30 years hi rahega ya kam bhi ho sakta h jese 15, 20, 25 ho sakta h Premium Calculator 30 Years ka hi batta h

Wrote :

17-05-2017 16:12:34

Please find minimum premium paying term according to age.
AgeMinimum Premium Paying Term(PPT).
0-430 Years
5-925 Years
10-1420 Years
15 and above15 Years

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Wrote :

17-05-2017 11:22:55

Term15 is available but not showing in premium calculation.if a person buys this policy i Rs.200000 in 11y age in 2017 for term 20. Maturity becomes due in 31y age or in 2037 will he awarded 8% of 200000(16000) per year till 99years or till death and what will be the maturity after 99y. Thanks

Wrote :

17-05-2017 11:49:54

Premium Paying Term + Age should be greater than 30 years, this is why term 15 is not available for 11 year age. Please use maturity calculator of this plan to illustrate approx benefit as per your details.

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Wrote :

16-05-2017 14:03:56

If any one does not survive till 100 yrs what will be the final benefit on his death?

Wrote :

16-05-2017 14:23:20

Please use Maturity calculator, it will show year-wise death claim amounts.

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Wrote :

16-05-2017 13:06:56

NOT USEFUL PAYING PREMIUM RS.5,82,909/- PER ANNUM FOR A SUM ASSURED OF 1 CR. LIC SHOULD FIX LESS PREMIUM AND LONGER PREMIUM PAYING TERM

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Wrote :

16-05-2017 12:21:55

why there is no difference in premium for 10 & 14 yrs old in policy plan 845

Wrote :

16-05-2017 12:47:00

It is because premium rates for both ages (10 and 14) are same.

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Wrote :

16-05-2017 12:09:18

Can you please provide illustrative returns, say example, 45 years with 15 years and 20 years payment premium terms.

Wrote :

16-05-2017 12:40:46

Here is link, please use it to generate yourself.

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Wrote :

14-05-2017 10:18:41

There is a lot of difference between 14 year old and 15year old premium why

Wrote :

14-05-2017 12:13:55

There was some calculation error and it has been corrected now.

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