LIC Bhagya Lakshmi 839 is the revised version of LIC's Bhagya Lakshmi micro-insurance plan, sold until 31 January 2020. It covers ₹20,000 to ₹50,000, premiums run for 5 to 13 years, and the policy lasts two years longer. The nominee gets the sum assured on death; at maturity you get 110% of premiums. For age 30, ₹50,000 and a 10-year PPT, the premium is about ₹2,582 a year.
Bhagya Lakshmi 839 Premium & Maturity Calculator
Your estimate
110% of premiums paid
- Premium per instalmenttaxes, if any, extra
- ₹2,582
- Total premium paid
- ₹25,820
- Sum assured on deathpaid to the nominee if death occurs before maturity
- ₹50,000
- Policy term
- 12 years
- Premium paying term
- 10 years
- Age at maturity
- 42 years
- Total premium paid₹25,82091%
- Net gain₹2,5829%
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Bhagya Lakshmi Plan 839?
LIC Bhagya Lakshmi 839 (UIN 512N292V02) is a non-linked, non-participating micro-insurance plan. It was the revised version of the original Bhagya Lakshmi 829 and remained on sale until 31 January 2020. LIC later offered the same design as Bhagya Lakshmi 939.
The plan is built for families who can only spare a small amount each month. It gives a fixed life cover of ₹20,000 to ₹50,000 and, if the policyholder survives, returns 110% of the premiums. There are no bonuses and no market risk.
Bhagya Lakshmi 839 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 839 / 512N292V02 |
| Plan type | Micro insurance, limited premium, non-linked, non-participating |
| Status | Withdrawn from 1 February 2020 |
| Sum assured | ₹20,000 to ₹50,000 (multiples of ₹1,000) |
| Premium paying term | 5 to 13 years |
| Policy term | PPT + 2 years (7 to 15 years) |
| Entry age | 18 to 55 years (42 for a 5-year PPT) |
| Maximum maturity age | 65 years |
| Premium modes | Yearly, half-yearly, quarterly, monthly, salary deduction |
| Maturity benefit | 110% of total premiums paid |
| Death benefit | Sum assured |
Bhagya Lakshmi 839 premium chart
Premium per ₹1,000 sum assured, yearly mode, from the source rate chart:
| Age | 7 yrs / 5 yrs PPT | 10 yrs / 8 yrs PPT | 15 yrs / 13 yrs PPT |
|---|---|---|---|
| 20 | ₹127.45 | ₹64.35 | ₹37.20 |
| 30 | ₹129.30 | ₹65.80 | ₹38.55 |
| 40 | ₹138.30 | ₹72.80 | ₹44.25 |
| 50 | Not allowed | ₹91.40 | ₹57.15 |
The calculator interpolates between these ages and for PPTs in between (6, 7, 9–12 years). Half-yearly, quarterly and monthly instalments are about 51%, 26% and 8.7% of the yearly premium. No GST is added.
Example 1: age 30, ₹50,000, 10-year PPT, yearly: about ₹2,582 a year, ₹25,820 in total, for a maturity of about ₹28,402 at age 42.
Example 2: age 25, ₹50,000, 13-year PPT, monthly: about ₹164 a month, ₹25,584 over 13 years, for a maturity of about ₹28,142 at age 40.
Tip: the rate barely changes between ages 20 and 30, but rises faster after 40. If you are comparing old policies in the family, the entry age explains most of the difference in premium.
Maturity benefit
If the policyholder survives the policy term with all premiums paid, LIC pays 110% of the total premiums paid (excluding taxes and any extra premium for health reasons). That is a small addition to your money, roughly 1–2% a year, so the plan’s value lies mainly in the life cover it gives along the way.
Death benefit
If the policyholder dies during the term, the nominee receives the sum assured. The rules also say the death benefit cannot be less than 7 times the annualised premium or 105% of premiums paid; at these rates the sum assured is always higher. For a ₹50,000 policy, the family receives ₹50,000 even if death occurs in the first year.
Other features
- Grace period, revival and surrender follow the policy conditions. A lapsed policy can usually be revived within the revival period by paying arrears with interest.
- Paid-up value: if premiums stop after the minimum period, the policy may continue with reduced benefits instead of lapsing fully.
- Tax: premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime), and the maturity or death benefit is generally tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)).
How 839 compares with other versions
| Feature | 829 | 839 | 939 |
|---|---|---|---|
| Period | From Dec 2014 | Until Jan 2020 | Mar 2022 – Dec 2024 |
| UIN | 512N292V01 | 512N292V02 | 512N292V04 |
| Instalment method in our calculator | 2% / 1% rebate | Modal factors | 2% / 1% rebate |
| Age 30, ₹50,000, 10-yr PPT | ₹2,530 a year | ₹2,582 a year | ₹2,530 a year |
For a different kind of low-cost cover, see LIC’s micro term plan New Jeevan Mangal 940.
How to use this calculator
Enter age, PPT, sum assured and mode as printed on your policy. The calculator shows the instalment, total premiums, maturity amount and death cover. All values are estimates; we are an independent site, not linked with LIC.
Frequently asked questions
Is LIC Bhagya Lakshmi 839 still sold?
No. Plan 839 was withdrawn on 1 February 2020. It was later followed by Bhagya Lakshmi 939, which LIC also withdrew on 1 January 2025. Policies bought under 839 continue with their original benefits until maturity.
How much premium do I pay for ₹50,000 in Bhagya Lakshmi 839?
It depends on age and premium term. By our calculator, a 30-year-old with a 10-year PPT pays about ₹2,582 a year. A 25-year-old choosing a 13-year PPT pays about ₹164 a month. The shorter the PPT, the higher each instalment.
What is the maturity amount in Bhagya Lakshmi 839?
The plan returns 110% of all premiums paid, excluding taxes and extra premiums. For a 25-year-old with ₹50,000 cover and a 13-year PPT paying monthly, total premiums of ₹25,584 grow to a maturity amount of about ₹28,142.
What is the death benefit in Bhagya Lakshmi 839?
On death during the policy term, the nominee receives the sum assured. It is at least 7 times the annualised premium and at least 105% of the premiums paid, but for this plan the sum assured itself is normally the highest of the three.
What is the difference between Bhagya Lakshmi 829 and 839?
The benefit design is the same: ₹20,000 to ₹50,000 cover, 5 to 13-year PPT, policy term PPT + 2 years and 110% of premiums at maturity. 839 was the revised filing (UIN 512N292V02); in our calculator it uses modal factors for instalments instead of 829's yearly and half-yearly rebates.
Can I pay Bhagya Lakshmi 839 premiums through salary deduction?
Yes. Besides yearly, half-yearly, quarterly and monthly modes, the plan allowed premiums through salary deduction, which suited employees of organisations tied up with LIC.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.