LIC CDA Endowment Vesting at 21 (Plan 41) is an old with-profit children's plan, withdrawn in late 2013. A parent paid premiums from the child's early years; the policy vested in the child at 21, when life cover began, and matured at an age between 30 and 60. For a child of 5 with ₹2 lakh cover maturing at 30, our estimate is about ₹7,800 a year, with a maturity of about ₹4 lakh at ₹40 bonus.
CDA Endowment Plan 41 Premium & Maturity Calculator
Your estimate
estimate
plus final additional bonus, if declared
- Premium per instalment
- ₹7,800
- Policy term
- 25 years
- Total premium paid
- ₹1,95,000
- Total bonus (estimated)
- ₹2,00,000
- Deferment period
- 16 years
- Death before 21: premiums refunded (by vesting)
- ₹1,24,800
- Death after 21: sum assured + bonusin the first year after vesting; grows with bonus
- ₹3,36,000
- Age at maturity
- 30 years
- Total premium paid₹1,95,00049%
- Net gain₹2,05,00051%
Premiums paid and death benefit by policy year
| Policy year | Child’s age | Premiums paid so far | Payable on death |
|---|---|---|---|
| 1 | 6 | ₹7,800 | ₹7,800 |
| 5 | 10 | ₹39,000 | ₹39,000 |
| 10 | 15 | ₹78,000 | ₹78,000 |
| 15 | 20 | ₹1,17,000 | ₹1,17,000 |
| 16 | 21 | ₹1,24,800 | ₹1,24,800 |
| 17 | 22 | ₹1,32,600 | ₹3,36,000 |
| 20 | 25 | ₹1,56,000 | ₹3,60,000 |
| 25 | 30 | ₹1,95,000 | ₹4,00,000 |
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 CDA Endowment Vesting at 21 (Plan 41)?
LIC Plan 41 was a Children’s Deferred Assurance (CDA) endowment plan with profits. A parent or guardian took the policy on a child’s life and paid the premiums. The policy had two stages:
- Deferment period: from the start until the child turned 21. There was no life cover on the child in this stage. If the child died, premiums were refunded.
- After vesting: at 21, the policy passed to the child, and full life cover began. It then ran as a normal endowment until the maturity age chosen at the start, anywhere from 30 to 60.
The plan (UIN 512N008V01) was withdrawn for new business in late 2013. Many policies are still running, and many children covered by it are now adults who own their policies. This page helps them and their parents understand what the policy pays.
Plan 41 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 41 / 512N008V01 |
| Type | Children’s deferred endowment assurance, with profits |
| Child’s entry age | 0 to 17 years |
| Vesting age | 21 years |
| Maturity age | 30 to 60 years |
| Policy term | 13 to 60 years (maturity age minus entry age) |
| Sum assured | ₹50,000 to ₹1 crore |
| Premiums | Throughout the term: yearly, half-yearly, quarterly or monthly |
| Status | Withdrawn (late 2013) |
How the premium is estimated
LIC’s original rate table for Plan 41 is not published online, and the formula circulated on some websites made premiums rise with longer terms, which is the wrong way round for an endowment. Our calculator instead estimates the rate from typical LIC with-profit endowment tables of that period: roughly the sum assured spread over the term, plus a small loading for risk and expenses. Treat the premium as an approximation and check it against your receipts.
Example. A child aged 5 with ₹2,00,000 sum assured and a maturity age of 30 (a 25-year term):
- Estimated yearly premium: ₹7,800 (about ₹679 a month)
- Total premium over 25 years: ₹1,95,000
- Deferment period: 16 years
A younger child and a later maturity age lower the premium. A child aged 2 with ₹1 lakh maturing at 40 pays about ₹2,395 a year in our estimate.
There is no GST line. Individual life insurance premiums are GST-exempt from 22 September 2025. Earlier receipts will show 4.5% GST in the first year and 2.25% after, the rates that applied until then.
Maturity benefit
At maturity, the policyholder receives the basic sum assured plus all simple reversionary bonuses, and a final additional bonus if LIC declares one. For the example above, a ₹40 bonus per ₹1,000 each year adds ₹2,00,000 over 25 years, so the estimated maturity amount is ₹4,00,000.
Tip: your yearly bonus statement shows the exact bonus added so far. Enter the recent rate in the calculator to get a realistic maturity figure, and try our bonus calculator to cross-check.
Death benefit
| When | What is paid |
|---|---|
| Before vesting (child under 21) | Refund of premiums paid, excluding extra and rider premiums. In the example, up to ₹1,24,800 by age 21 |
| After vesting | Sum assured plus bonuses accrued. In the example, about ₹3,36,000 in the first year after vesting, growing each year |
If the optional premium waiver benefit rider was taken, and the parent died during the deferment period, future premiums until vesting were waived and the policy continued.
Surrender and other points
- Surrender is possible after three full years of premiums. The value depends on premiums paid and the time left. Use our surrender value calculator for a rough idea, but ask LIC for the exact quote.
- After vesting, keep the policy’s nominee details up to date, because the child is now the owner.
- Tax: premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime). Maturity proceeds are generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) for policies of this era, subject to its conditions.
Plans to consider today
Plan 41 is no longer sold. For a new child policy, look at LIC Amritbaal 774 or compare options with our child plan calculator.
How to use this calculator
Enter the child’s entry age, the maturity age, the sum assured, the premium mode and the bonus rate. You get the estimated premium, total premium, bonus, maturity amount, deferment period and death benefit before and after vesting, with a table by policy year. All figures are estimates.
Frequently asked questions
What does 'vesting at 21' mean in LIC Plan 41?
Until the child turns 21, the policy belongs to the parent or guardian who proposed it. On the policy anniversary after the child's 21st birthday, ownership passes to the child automatically. From then, the child is the policyholder and full life cover applies.
What happens if the child dies before 21 under Plan 41?
There is no sum assured before vesting. LIC refunds the premiums paid (excluding extra premiums and rider premiums) to the proposer, and the policy ends. After vesting, the nominee receives the sum assured plus bonuses.
Can I still buy LIC CDA Endowment Plan 41?
No. Plan 41 was withdrawn in late 2013 when LIC overhauled its product range. Parents looking for a child plan today can consider LIC Amritbaal 774 or Jeevan Tarun 734.
How is the Plan 41 maturity amount calculated?
Maturity amount = basic sum assured + all simple reversionary bonuses declared over the term + final additional bonus, if any. With ₹2 lakh cover and a ₹40 bonus per ₹1,000 for 25 years, bonuses add ₹2 lakh, giving about ₹4 lakh.
Who pays the premium after the policy vests?
After vesting, the child, now the policyholder, is responsible for paying premiums until the end of the term. Many families keep paying on the child's behalf, but the legal owner is the child.
Can I surrender a Plan 41 policy?
Yes, once premiums have been paid for at least three full years. The surrender value depends on premiums paid, the time left to maturity and attached bonuses. Ask your LIC branch for an exact figure before deciding.
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.