LIC Jan Suraksha (Plan 880) is a micro-insurance savings plan launched on 15 October 2025 for lower-income families. Cover is ₹1–2 lakh, the term is 12 to 20 years and premiums stop 5 years before maturity. Every year LIC adds 4% of the total premiums paid so far. A 30-year-old choosing ₹1 lakh for 15 years pays about ₹9,048 a year for 10 years and gets about ₹1,38,002 at maturity.
Jan Suraksha 880 Premium & Maturity Calculator
Your estimate
- Premium per instalment
- ₹9,048
- Premium paying term
- 10 years
- Total premium paid
- ₹90,480
- Guaranteed additions4% of premiums paid so far, every year
- ₹38,002
- Death benefitin year 1, including that year’s guaranteed addition; grows every year
- ₹1,00,362
- Age at maturity
- 45 years
- Total premium paid₹90,48066%
- Net gain₹47,52234%
Your estimate
| Policy year | Premium paid | Guaranteed additions so far | Death benefit |
|---|---|---|---|
| 1 | ₹9,048 | ₹362 | ₹1,00,362 |
| 2 | ₹18,096 | ₹1,086 | ₹1,01,086 |
| 3 | ₹27,144 | ₹2,172 | ₹1,02,172 |
| 4 | ₹36,192 | ₹3,619 | ₹1,03,619 |
| 5 | ₹45,240 | ₹5,429 | ₹1,05,429 |
| 6 | ₹54,288 | ₹7,600 | ₹1,07,600 |
| 7 | ₹63,336 | ₹10,134 | ₹1,10,134 |
| 8 | ₹72,384 | ₹13,029 | ₹1,13,029 |
| 9 | ₹81,432 | ₹16,286 | ₹1,16,286 |
| 10 | ₹90,480 | ₹19,906 | ₹1,19,906 |
| 11 | ₹90,480 | ₹23,525 | ₹1,23,525 |
| 12 | ₹90,480 | ₹27,144 | ₹1,27,144 |
| 13 | ₹90,480 | ₹30,763 | ₹1,30,763 |
| 14 | ₹90,480 | ₹34,382 | ₹1,34,382 |
| 15 | ₹90,480 | ₹38,002 | ₹1,38,002 |
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 Jan Suraksha Plan 880?
LIC Jan Suraksha (Plan 880, UIN 512N388V01) is a life micro-insurance plan that LIC launched on 15 October 2025. It is built for families with modest incomes who want a small, guaranteed savings pot with life cover attached. It is a non-linked, non-participating plan: returns do not depend on the stock market or on bonuses. Everything you receive is fixed in advance through guaranteed additions.
Jan Suraksha and its sister plan Bima Lakshmi (881) were the first two LIC products launched after the GST exemption on individual life insurance came into force.
Jan Suraksha 880 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 880 / 512N388V01 |
| Type | Non-linked, non-par micro-insurance savings plan |
| Launched | 15 October 2025 |
| Basic sum assured | ₹1,00,000 to ₹2,00,000 per life (multiples of ₹5,000) |
| Policy term | 12 to 20 years |
| Premium paying term | Policy term minus 5 years (7 to 15 years) |
| Entry age | 18 to 55 (agent and online); 18 to 53 (POSP-LI / CSC) |
| Maximum maturity age | 70 (agent and online); 65 (POSP-LI / CSC) |
| Guaranteed additions | 4% of total annualised premiums paid so far, every policy year (+0.25% for ₹2 lakh cover, +1% online) |
| Medical exam | Not required for standard healthy lives |
| Modes | Yearly, half-yearly, quarterly, monthly (NACH only) |
| Riders | Accidental Death & Disability Benefit or Accident Benefit (one of the two; not through POSP-LI / CSC) |
Eligibility by term
| Policy term | Premium paying term | Max entry age (agent / online) | Max entry age (POSP-LI / CSC) |
|---|---|---|---|
| 12 years | 7 years | 55 | 53 |
| 15 years | 10 years | 55 | 50 |
| 20 years | 15 years | 50 | 45 |
Through agents and online the policy must mature by age 70; the lower POSP-LI / CSC limits come from their 65-year maturity cap.
How the premium is calculated
LIC fixes a premium for every ₹1 lakh of sum assured by age and term. The calculator follows the sample yearly premiums in LIC’s sales brochure for policies sold through agents. For example, at age 35 on a 15-year term (10 years of premiums) the brochure shows ₹9,080 per ₹1 lakh, and the calculator gives exactly that. It reproduces all 11 published samples below; other ages and terms are estimated from them, so treat those figures as close approximations. The premium is the same if you buy online.
| Age | 12-year term | 15-year term | 20-year term |
|---|---|---|---|
| 25 | ₹13,270 | ₹9,015 | ₹5,800 |
| 35 | ₹13,325 | ₹9,080 | ₹5,900 |
| 45 | ₹13,530 | ₹9,340 | ₹6,250 |
| 55 | ₹14,150 | ₹10,035 | Not allowed |
For other modes, LIC multiplies the yearly premium by 0.5090 (half-yearly), 0.2568 (quarterly) or 0.0861 (monthly, through NACH only).
Premiums barely rise with age because this is mainly a savings plan and the life cover is small. What changes the premium most is the term: a longer term spreads payments over more years.
Worked example: a 30-year-old buys ₹1,00,000 cover for 15 years through an agent. The yearly premium is about ₹9,048, paid for 10 years, so the total is ₹90,480. Paid monthly, it is ₹779 an instalment (₹93,480 in all). Over 15 years the guaranteed additions add up to ₹38,002, and the maturity amount is ₹1,38,002.
Bigger cover, monthly: a 25-year-old buying ₹2,00,000 online for 20 years pays about ₹999 a month for 15 years (₹1,79,820 in all). The additions run at 5.25% (4% + 0.25% for ₹2 lakh + 1% online), so maturity is about ₹3,18,755. Through an agent the same policy matures at about ₹2,96,135.
LIC’s own illustration: the brochure’s example of a 35-year-old with ₹2,00,000 cover for 15 years (yearly premium ₹18,160) shows a death benefit of ₹2,00,772 in the first year and a maturity amount of ₹2,81,039. The calculator matches every year of that illustration.
Tip: Jan Suraksha’s strength is protection and forced saving for households that might otherwise not save at all. If you can afford more and want higher growth, compare it with a regular endowment using our endowment plan calculator.
Maturity benefit
If the life assured survives the term and all premiums are paid, LIC pays the basic sum assured plus all guaranteed additions. Each year’s addition is 4% of the total annualised premiums paid up to that year, so it grows every year while you are paying premiums. In the last five years, when no premium is due, the addition stays at 4% of all premiums paid and keeps accruing until maturity. The amount is guaranteed, so there are no bonus assumptions in the calculator.
Death benefit
If the life assured dies during the term, the nominee receives:
- sum assured on death, the higher of the basic sum assured or 7 times the annualised premium, plus
- all guaranteed additions accrued up to the date of death (the addition for the year of death counts for the full year).
The death benefit is never less than 105% of premiums paid. The year-wise table in the calculator shows how the payout rises each year as additions accumulate.
Riders, auto cover, loan, paid-up and surrender
- Riders: you can add either LIC’s Accidental Death & Disability Benefit Rider or the Accident Benefit Rider for an extra premium. Neither is available on policies bought through POSP-LI or CSC.
- Auto cover: once three full years’ premiums are paid, the life cover continues for a limited period even if later premiums are missed.
- Paid-up value: if you stop paying after at least one full year’s premium, the policy stays alive with a reduced sum assured.
- Loan: available against the surrender value, typically after one full year’s premium.
- Surrender: possible after the first year; the value is lower than the premiums paid in the early years. Use the LIC surrender value calculator to get a rough idea.
Tax and GST
Premiums qualify for deduction under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime), and maturity and death proceeds are generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)). There is no GST on this plan’s premium, as individual life insurance became GST-exempt from 22 September 2025.
Who should buy Jan Suraksha?
It works well for:
- daily-wage earners, small traders and self-employed people who want a small guaranteed lump sum after 12–20 years;
- families that need some life cover without a medical test;
- people who prefer knowing the exact maturity amount on day one.
It is less suited to anyone who needs large cover (a term plan buys far more protection per rupee) or who wants inflation-beating returns. For another small-ticket LIC option, see Micro Bachat Plan 751.
How to use this calculator
- Select agent, online or POSP / CSC purchase.
- Enter your age and choose the policy term.
- Set the sum assured between ₹1 lakh and ₹2 lakh.
- Pick the premium mode.
- Read the yearly and instalment premium, total paid, guaranteed additions, maturity amount and the year-wise death benefit table.
These are estimates from an independent website; LIC’s quotation is final.
Frequently asked questions
What is LIC Jan Suraksha Plan 880?
It is a non-linked, non-participating micro-insurance savings plan launched by LIC on 15 October 2025 (UIN 512N388V01). It gives life cover of ₹1–2 lakh, guaranteed additions every year and a lump sum at maturity, without a medical examination for standard healthy lives.
What is the premium for LIC Jan Suraksha?
For ₹1 lakh cover, a 25-year-old pays about ₹13,270 a year on a 12-year term, ₹9,015 on 15 years and ₹5,800 on 20 years. At 30 on a 15-year term it is about ₹9,048. Monthly, quarterly and half-yearly modes cost a little more in total.
How much will I get at maturity?
Maturity = basic sum assured + guaranteed additions. For ₹1 lakh taken at age 30 for 15 years, you pay ₹90,480 in all and receive about ₹1,38,002 at maturity through an agent, or ₹1,47,502 if you buy online. The amount is fully guaranteed if all premiums are paid.
What are the guaranteed additions in Jan Suraksha?
At the end of every policy year, LIC adds 4% of the total annualised premiums paid so far, so each year's addition grows while you pay premiums and stays at its highest for the last five years. The rate rises by 0.25% for ₹2 lakh cover and by 1% for online purchase. Additions are paid with the sum assured on maturity or death.
What is the death benefit?
The nominee gets the sum assured on death plus accrued guaranteed additions. Sum assured on death is the higher of the basic sum assured or 7 times the annualised premium, and the payout is at least 105% of premiums paid.
Who can buy Jan Suraksha and what are the age limits?
Anyone aged 18 to 55 can buy through an agent or online, provided the policy matures by age 70. Through POSP-LI or Common Service Centres (CPSC-SPV) the maximum entry age is 53, maturity must be by 65 and riders are not offered. The plan is issued without medical tests to standard healthy lives.
Is there a loan or auto cover facility?
Yes. Auto cover keeps the life cover running for a period if you miss premiums after paying at least three full years. A policy loan is available once the policy has a surrender value, typically after one full year's premium.
Is GST charged on the Jan Suraksha premium?
No. Jan Suraksha was one of the first two LIC plans launched after individual life insurance premiums became GST-free on 22 September 2025. The premium shown is what you pay.
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.