LIC Jeevan Kishore Plan 102 Calculator: Child Endowment Premium, Bonus and Maturity

What is LIC Jeevan Kishore Plan 102?

LIC Jeevan Kishore (Plan 102, UIN 512N094V01) is a with-profit endowment plan where the child is the life insured. A parent or grandparent proposes the policy and pays the premium. The money is meant for the child’s higher education, marriage or a start in working life, and bonuses build it up every year.

This is the key difference from Jeevan Chhaya 103, where the parent is insured. In Jeevan Kishore, if the parent dies the policy does not pay out, although it can be continued. It is simply an endowment savings plan in the child’s name.

Jeevan Kishore is withdrawn and cannot be bought today. Our source is inconsistent about its launch and withdrawal dates, so we leave them out. The calculator helps existing policyholders check premiums and expected maturity.

Jeevan Kishore at a glance

Feature	Details
Plan number / UIN	102 / 512N094V01
Life insured	Child
Proposer	Parent or grandparent
Entry age of child	0 to 12 years
Policy term	15 to 35 years
Age at maturity	20 to 45 years
Sum assured	₹50,000 to ₹40,00,000
Premium modes	Yearly, half-yearly, quarterly, monthly (single also listed)
Bonus	Simple reversionary bonus + final additional bonus

How the premium is calculated

The rate per ₹1,000 sum assured goes up slightly with the child’s age and comes down as the term gets longer. For ₹10 lakh cover:

• a newborn on a 20-year term: about ₹41,064 a year;
• a 10-year-old: about ₹53,900 for 15 years, ₹47,548 for 20 years and ₹42,504 for 25 years.

The calculator assumes premiums are paid for the full term, as in the source calculator. Some descriptions mention a limited payment period, so check your policy schedule. No GST is added: individual life insurance premiums are GST-exempt from 22 September 2025. Before that, the first-year premium carried 4.5% GST and later premiums 2.25%.

Worked example: a parent insures a 5-year-old for ₹5 lakh over 20 years.

• Premium: ₹21,558 a year, or ₹1,886 a month.
• Total paid over 20 years (yearly mode): ₹4,31,160.
• Bonus at an assumed ₹40 per ₹1,000 a year: ₹4,00,000.
• Maturity at the child’s age 25: about ₹9,00,000.

Tip: a longer term costs less a year and earns more years of bonus. Starting when the child is younger makes that easier within the 45-year maturity limit.

Maturity benefit

On maturity, LIC pays the sum assured plus all simple reversionary bonuses, and a final additional bonus if one is declared for that year. The bonus field in the calculator lets you test cautious and optimistic rates. Our LIC bonus calculator shows how bonus adds up.

Death benefit

If the child dies after the risk start date, the nominee receives the sum assured plus accrued bonuses. For young children, cover usually starts at a set age or after a set period, and until then the benefit is a refund of premiums. Your policy schedule shows the exact date.

Loan, surrender and paid-up value

Once the policy has acquired a surrender value, you can take a loan against it or surrender it. If you stop paying, the policy normally becomes paid-up with a reduced sum assured. Stopping early usually wastes much of the bonus, so compare the numbers before deciding.

Should you continue, and what to buy now?

For most holders, continuing to maturity is worthwhile because bonus builds up most in the later years. New buyers can look at LIC Amritbaal 774 or compare options with our child plan calculator.

How to use this calculator

1. Enter the child’s age.
2. Enter the policy term so the child is 20 to 45 at maturity.
3. Enter the sum assured.
4. Choose the premium mode and bonus rate.
5. Read the premium, total paid and maturity estimate. Figures are approximate.