🧮 Interactive Calculator Workbench
How LIC Jeevan Umang Works — Step by Step
Select your basic sum assured (minimum ₹2 Lakhs). Higher sum = higher premium and higher annual payout.
Pay annual/half-yearly/quarterly premiums for the chosen Premium Paying Term (15/20/25/30 years).
After PPT ends, you receive 8% of Basic Sum Assured every year — guaranteed for your entire lifetime.
LIC declares reversionary bonuses annually (historically ~₹45–55/₹1000 SA/year). These accrue and boost the death/maturity benefit.
At age 100, you receive Basic Sum Assured + all accumulated bonuses. On death at any time, nominees receive the full death benefit.
Frequently Asked Questions
It provides guaranteed lifetime income with life cover — suitable for conservative investors. Returns (IRR ~5–6%) are lower than equities but fully guaranteed.
Surrender value is available after 3 years of premium payment. Surrender before 3 years means no surrender value.
Annual survival payouts received during your lifetime are tax-exempt under Section 10(10D), as the annual premium is less than 10% of Sum Assured.
Yes. After 3 years, you can avail a policy loan up to 90% of Surrender Value at LIC's loan interest rate (currently ~9% p.a.).
This calculator uses 2026 official government gazette rates and standard financial formulas. Results are highly accurate for planning purposes. Always confirm final numbers with the respective bank, insurer, or government portal before making financial commitments.
No. All PolicyVani calculators are 100% free, require no registration, no login, and no personal data.