LIC Bhagya Lakshmi 939 is the latest version of LIC's Bhagya Lakshmi micro-insurance plan, sold from 1 March 2022 until its withdrawal on 1 January 2025. Cover is ₹20,000 to ₹50,000, premiums run 5 to 13 years, and maturity pays 110% of premiums. A 30-year-old with ₹50,000 cover and a 10-year PPT pays about ₹2,530 a year and gets roughly ₹27,830 at maturity.
Bhagya Lakshmi 939 Premium & Maturity Calculator
Your estimate
110% of premiums paid
- Premium per instalmenttaxes, if any, extra
- ₹2,530
- Total premium paid
- ₹25,300
- 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₹25,30091%
- Net gain₹2,5309%
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 939?
LIC Bhagya Lakshmi 939 (UIN 512N292V04) is the latest version of LIC’s Bhagya Lakshmi micro-insurance plan. According to the source details, it was available from 1 March 2022 and withdrawn on 1 January 2025. It kept the design of the earlier Bhagya Lakshmi 839 and Bhagya Lakshmi 829: a small, fixed life cover with a guaranteed return of 110% of premiums at maturity.
The plan is non-linked and non-participating: there are no bonuses and returns do not depend on markets. It was aimed at low-income households who need basic protection with small, regular payments and no medical examination.
Bhagya Lakshmi 939 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 939 / 512N292V04 |
| Plan type | Micro insurance, non-linked, non-participating |
| Sold | 1 March 2022 – 31 December 2024 |
| Sum assured | ₹20,000 to ₹50,000 (multiples of ₹1,000) |
| Premium paying term | 5 to 13 years |
| Policy term | PPT + 2 years |
| Entry age | 18 to 55 years (42 for a 5-year PPT) |
| Maximum maturity age | 65 years |
| Maturity benefit | 110% of total premiums paid |
| Death benefit | Sum assured |
| Medical exam | Not required |
| Loan | Not available |
How the 939 premium is calculated
The premium is a rate per ₹1,000 of sum assured based on age and PPT. At age 30 the rate is about ₹129 for a 5-year PPT, ₹65.80 for 8 years and ₹38.55 for 13 years. For other PPTs the calculator interpolates the total premium, then applies the 2% yearly or 1% half-yearly rebate. Quarterly and monthly instalments are the yearly premium divided by 4 or 12. No GST is added.
Example 1: age 30, ₹50,000, 10-year PPT, yearly: about ₹2,530 a year, ₹25,300 in total, and an estimated ₹27,830 at maturity (age 42).
Example 2: age 40, ₹30,000, 13-year PPT, quarterly: about ₹332 a quarter, ₹17,264 in total, and an estimated ₹18,990 at maturity (age 55). The family is covered for ₹30,000 throughout the 15-year term.
Tip: if you are already paying a 939 policy, keep it going. The main value is the life cover; stopping early gives back only part of what you paid and ends the cover.
Maturity benefit
If the life assured survives the policy term and all premiums are paid, LIC pays 110% of the total premiums paid, excluding taxes and any extra premium. It is a modest return, but it means the protection has effectively cost you nothing.
Death benefit
If the life assured dies during the term, the nominee receives the sum assured. The death benefit can never be less than 7 times the annualised premium or 105% of premiums paid, though the sum assured is normally higher than both.
Surrender, revival and grace period
- Surrender: available after one full year’s premium; LIC pays the higher of the guaranteed and special surrender values. Estimate it with our LIC surrender value calculator.
- Revival: within five years of the first unpaid premium, by paying arrears with interest.
- Grace period: 30 days for monthly mode, 60 days for other modes.
- Loan: not available under this plan.
Tax benefits
Premiums qualify for Section 123 of the Income-tax Act, 2025 (earlier Section 80C) deduction (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)).
What changed from 829 and 839?
| Feature | 829 | 839 | 939 |
|---|---|---|---|
| UIN | 512N292V01 | 512N292V02 | 512N292V04 |
| Grace period | 60 days | As per policy | 30 days monthly, 60 days others |
| Revival period | 2 years | As per policy | 5 years |
| Age 30, ₹50,000, 10-yr PPT (our estimate) | ₹2,530 | ₹2,582 | ₹2,530 |
The benefits stayed the same across versions. Plan 939 mainly brought longer revival and clearer surrender rules. For a current LIC micro-insurance savings option, see Micro Bachat 751.
How to use this calculator
Enter age, PPT, sum assured and mode from your policy, and the calculator shows your instalment, total premiums, maturity amount and death cover. All values are estimates; we are an independent site, not connected with LIC.
Frequently asked questions
Is LIC Bhagya Lakshmi 939 available now?
No. LIC withdrew Plan 939 from sale on 1 January 2025. Policies already issued continue normally until maturity, with the same premiums, death cover and 110% maturity benefit. People looking for a new small-ticket policy can check LIC's current micro-insurance plans such as Micro Bachat 751.
What is the maturity benefit of Bhagya Lakshmi 939?
On surviving the policy term with all premiums paid, you get 110% of the total premiums paid, excluding taxes and extra premiums. For example, ₹30,000 cover taken at 40 with a 13-year PPT costs ₹17,264 in total and returns about ₹18,990.
What is the death benefit under Bhagya Lakshmi 939?
The nominee receives the sum assured if the policyholder dies during the policy term. The plan also guarantees this is not less than 7 times the annualised premium or 105% of premiums paid, but the sum assured is normally the larger figure.
Can I surrender Bhagya Lakshmi 939?
Yes. The policy acquires a surrender value after one full year's premium has been paid. LIC pays the higher of the guaranteed surrender value and the special surrender value. Surrendering early returns much less than the life cover you give up.
Is there a loan facility in Bhagya Lakshmi 939?
No. Being a micro-insurance plan, Bhagya Lakshmi 939 does not offer a policy loan. If you need money, check the surrender value, but remember you lose the life cover once the policy is surrendered.
What is the grace period and revival period in Plan 939?
The grace period is 30 days for monthly premiums and 60 days for yearly, half-yearly and quarterly premiums. A lapsed policy can be revived within five years from the first unpaid premium by paying the arrears with interest.
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.