LIC All in One Premium Calculator: Premium, Maturity and Returns for Popular LIC Plans

What does the LIC all in one premium calculator do?

Most people shortlist two or three LIC plans before they buy. Checking each one on a separate page is slow, and it is hard to compare them fairly. This LIC all in one premium calculator puts ten of the most popular current plans in a single form. You pick a plan, enter your age, term and sum assured, and it shows:

• the yearly premium and the instalment for your chosen mode;
• the total premium you will pay over the premium paying term;
• the estimated maturity amount, including bonus;
• survival benefits or yearly income for money back, child and whole-life plans;
• the sum assured on death;
• an approximate IRR for some plans, so you can compare them with an FD or PPF;
• a year-by-year table of premiums, payouts and death cover for plans with payouts or guaranteed additions.

The calculator is independent and gives estimates. Use it to shortlist and budget, then confirm the exact figure with the LIC proposal or benefit illustration.

Plans covered and their limits

Plan	Type	Entry age	Term	Premium paying term
New Jeevan Anand 715	Endowment + whole-life cover	18–50	15–35 years	Same as term
Jeevan Labh 736	Limited premium endowment	8–59	16, 21, 25 years	10, 15, 16 years
New Endowment 714	Endowment	8–50	12–35 years	Same as term
Jeevan Lakshya 733	Endowment with family income	18–50	13–25 years	Term minus 3
Jeevan Umang 745	Whole life with yearly income	0–55	Up to age 100	15, 20, 25, 30 years
Jeevan Tarun 734	Child money back	Child 0–12	Till child is 25	Till child is 20
New Money Back 720	Money back, 20 years	13–50	20 years	15 years
New Money Back 721	Money back, 25 years	13–45	25 years	20 years
New Bima Jyoti 890	Guaranteed additions	0–60	15–20 years	Term minus 5
Jeevan Utsav 771	Whole life with guaranteed income	0–65	Up to age 100	5–16 years

The age field adjusts to the plan you pick, and the calculator warns you if age plus term crosses the plan’s maximum maturity age.

How the premium is worked out

This tool has no rate tables of its own. When you pick a plan, it passes your inputs to that plan’s calculator on this site, so the premium, maturity and death cover match the plan page exactly. Each plan has its own tabular premium: a rupee amount for every ₹1,000 of sum assured, which depends on age and term. The plan calculators follow these steps:

1. Look up the rate for your age and term. Where the table jumps in steps of five years, the rate is interpolated so that a 32-year-old does not pay the same as a 30-year-old.
2. Apply a high sum assured rebate where the plan offers one (for example, ₹2.50 to ₹4 per ₹1,000 of sum assured on larger covers in Jeevan Anand and Jeevan Umang).
3. Convert to your payment mode using that plan’s own mode rebate or loading. Yearly payment is the cheapest; monthly costs a little more over a year.
4. No GST is added. Individual life policies have been GST-free since 22 September 2025. Before that, traditional plans carried 4.5% GST in year one and 2.25% after.

Worked example: the same person, six plans

Take a 30-year-old who wants ₹10 lakh of cover. The yearly premium from this calculator is:

Plan (term)	Yearly premium	What you pay for
New Jeevan Anand 715 (21 years)	₹55,157	21 years of premium, cover continues after maturity
Jeevan Labh 736 (21 years)	₹55,505	Only 15 years of premium
New Endowment 714 (21 years)	₹47,192	21 years of premium
Jeevan Lakshya 733 (21 years)	₹51,068	18 years of premium, family income on death
Jeevan Umang 745 (15-year PPT)	₹79,210	8% of sum assured every year from year 15 till age 99
New Money Back 720 (20 years)	₹77,410	₹2 lakh back at years 5, 10 and 15

For Jeevan Anand 715, ₹55,157 is the full yearly outgo, since no GST applies. With a ₹45 bonus, the estimated maturity amount is ₹20,45,000 after 21 years, against total premiums of ₹11,58,297. Jeevan Labh 736 costs almost the same each year, ₹55,505, but only for 15 years, so its total outgo is ₹8,32,575. Both figures are built on the sample premiums in LIC’s official brochures for these plans.

For Jeevan Umang 745 the picture is different. The ₹79,210 premium stops after 15 years, then the policy pays ₹80,000 a year from age 45 until age 99. That adds up to ₹44 lakh of survival benefits, plus an estimated ₹32 lakh at age 100.

This is why you should never pick a plan on premium alone. A cheaper premium may mean fewer years of cover or a smaller lump sum.

Tip: compare plans on three numbers together: total premium paid, total money received, and IRR where the plan shows it. The results and the year-by-year table under the calculator make this quick.

How to read the results

• Yearly premium / premium per instalment: what you actually pay. The instalment changes with the mode you pick.
• Total premium paid: instalment × payments per year × premium paying term.
• Estimated maturity amount: basic sum assured (or the balance after money-back payouts) plus simple reversionary bonus and final additional bonus. New Bima Jyoti 890 and Jeevan Utsav 771 add guaranteed additions instead of bonus.
• Survival benefits: money back instalments, Jeevan Tarun payouts from age 20 to 24, Jeevan Umang’s yearly income, or Jeevan Utsav’s guaranteed income of 10% of sum assured a year.
• Sum assured on death: the higher of the plan’s death multiple (for example, 125% of basic sum assured) and 7 times the yearly premium, never less than 105% of premiums paid. Bonus accrued is paid on top.
• IRR: the effective yearly return on your premiums, based on the bonus you entered. Not every plan shows it.

Tips and common mistakes

• Do not ignore the premium paying term. Jeevan Labh, Jeevan Lakshya and New Bima Jyoti stop charging premiums before maturity, which improves their return.
• Use a realistic bonus. Bonus is not guaranteed. Try ₹35 and ₹50 to see a cautious and a hopeful case.
• Check age limits. Entry age is usually age at the nearest birthday in LIC plans, so a person aged 30 years and 7 months may be rated as 31.
• Budget for mode loading. Monthly payment through NACH is convenient but slightly dearer than paying once a year.
• Pair savings plans with a term plan if you need large cover. A ₹10 lakh endowment rarely replaces 10–15 times your income.

Related calculators

Once you have chosen a plan, open its own page for full details, such as the Jeevan Labh 736 calculator or the New Jeevan Anand 715 calculator. If you already hold a policy and are thinking of exiting early, the LIC surrender value calculator shows what you would get back. For a quick maturity-only estimate, use the LIC maturity calculator.