LIC Jeevan Anurag (Table 168) was a with-profit child education plan sold from 13 November 2004 to 1 January 2014. It pays 20% of the sum assured at the start of each of the last three policy years and 40% plus bonuses at maturity. In our estimate, a 32-year-old with ₹5 lakh cover for 18 years pays about ₹28,471 a year for 15 years.
Jeevan Anurag 168 Premium & Payout Calculator
Your estimate
- Premium per instalment
- ₹28,471
- Premium paying term
- 15 years
- Total premium paid
- ₹4,27,065
- Education payouts (3 × 20%)
- ₹3,00,000
- Maturity payout (40% + bonus)
- ₹5,60,000
- Total bonus (estimated)
- ₹3,60,000
- Sum assured on deathpaid at once; premiums stop and the scheduled payouts continue
- ₹5,00,000
- Total premium paid₹4,27,06550%
- Net gain₹4,32,93550%
Your estimate
| Policy anniversary (year) | Amount paid |
|---|---|
| 15 | ₹1,00,000 |
| 16 | ₹1,00,000 |
| 17 | ₹1,00,000 |
| 18 | ₹5,60,000 |
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 Jeevan Anurag Plan 168?
LIC Jeevan Anurag (Table 168, UIN 512N225V01) is a with-profit endowment plan designed around a child’s education costs. Instead of one big cheque at the end, it pays in stages: 20% of the sum assured at the start of each of the last three policy years, and the remaining 40% with bonuses at maturity. The parent is insured, and if the parent dies, the sum assured is paid at once while the planned payouts still arrive on time.
The plan was sold from 13 November 2004 until 1 January 2014. This page helps existing policyholders understand their premium and payout schedule.
Jeevan Anurag 168 at a glance
| Feature | Details |
|---|---|
| Plan / UIN | Table 168 / 512N225V01 |
| Type | With-profit child education endowment |
| Entry age | 20 to 60 years |
| Maximum maturity age | 70 years |
| Policy term | 10 to 25 years |
| Minimum sum assured | ₹50,000 (multiples of ₹5,000, no upper limit) |
| Premium paying | Regular or single premium |
| Payouts | 20% × 3 in the last three years, 40% + bonus at maturity |
| Death benefit | Sum assured at once, premiums waived, payouts continue |
| Loan / surrender | After 3 years |
| Status | Withdrawn from 1 January 2014 |
How the premium is estimated
The old online rate table for this plan made premiums fall as age went up, and it only covered ages 0 to 45 even though entry age is 20 to 60. That cannot be right for a plan with life cover. The calculator keeps the table’s pattern across policy terms and applies an age factor that rises with age instead. Premiums are taken as payable until the education payouts begin (term minus three years). Rebates for yearly (2%) and half-yearly (1%) payment and for covers of ₹1,05,000 or more are applied.
Example 1: a 32-year-old parent takes ₹5,00,000 cover for 18 years. The premium is about ₹28,471 a year for 15 years, or ₹4,27,065 in total.
Example 2: a 35-year-old takes ₹10,00,000 for 15 years. The premium is about ₹67,291 a year for 12 years (₹8,07,492 in total).
Tip: match the term to your child’s age so the three 20% payouts land in the college years. A child who is 2 today would be 17 to 19 during the payouts on an 18-year policy.
Payout schedule and maturity
For ₹5 lakh cover over 18 years, with an assumed bonus of ₹40 per ₹1,000 a year:
| Policy anniversary | Payout |
|---|---|
| End of year 15 | ₹1,00,000 |
| End of year 16 | ₹1,00,000 |
| End of year 17 | ₹1,00,000 |
| Maturity (year 18) | ₹5,60,000 (₹2 lakh + ₹3.6 lakh bonus) |
That is about ₹8,60,000 in total against ₹4,27,065 of premiums. Bonus rates are declared by LIC and vary, so change the bonus field to test other cases. Our bonus calculator explains how bonus is added.
Death benefit
If the parent dies during the term, the nominee receives the full sum assured immediately. Future premiums are waived and the policy continues, so the child still receives the three 20% instalments and the 40% plus bonus at maturity. This makes the plan a good fit for its purpose: the education fund stays intact.
Tax benefits
Premiums qualified under Section 123 of the Income-tax Act, 2025 (earlier Section 80C), and payouts are generally tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)). There is no GST on individual life insurance premiums from 22 September 2025; older receipts may show GST at the rates that applied then.
Jeevan Anurag vs other LIC child plans
Jeevan Ankur 807 focused on a yearly income for the child after the parent’s death, while Jeevan Anurag focuses on planned education payouts. Komal Jeevan 159 was a policy on the child’s own life. For new buyers, compare Jeevan Tarun 734 using the child plan calculator.
How to use this calculator
- Enter your age and choose the term.
- Enter the sum assured.
- Pick regular or single premium and the mode.
- Set a bonus assumption and read the premium, total paid, payout table and total returns. These are independent estimates, not LIC quotations.
Frequently asked questions
Can I still buy LIC Jeevan Anurag 168?
No. LIC withdrew Jeevan Anurag from 1 January 2014. Existing policies continue and all scheduled payouts are made as per the policy. New buyers can look at LIC's current child plans such as Jeevan Tarun 734.
How does Jeevan Anurag pay for a child's education?
It pays 20% of the sum assured at the start of each of the last three policy years, then 40% plus all bonuses at maturity. For ₹5 lakh cover, that is ₹1 lakh in each of three years and ₹2 lakh plus bonus at the end.
What happens if the parent dies during the term?
The full sum assured is paid immediately. Future premiums are waived, and the policy continues so that the education payouts and maturity amount are still paid on schedule.
Who could buy Jeevan Anurag?
A parent or guardian aged 20 to 60, with maturity by age 70. The policy term was 10 to 25 years and the minimum sum assured ₹50,000, with no upper limit.
Are there rebates on the premium?
Yes. Yearly payment gets a 2% rebate and half-yearly 1% on the tabular premium, and covers of ₹1,05,000 or more get a further sum assured rebate. Monthly payment costs a little more.
Can I take a loan against Jeevan Anurag?
Yes. A loan is available after the policy has run for three years, based on its surrender value. Surrender is also possible after three years.
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.