LIC Jeevan Madhur (Plan 182) was LIC's micro-insurance endowment plan, sold from 28 September 2006 to 1 January 2014. Premiums started at ₹25 a week or ₹100 a month, for 5 to 15 years. At maturity it pays the maturity sum assured plus bonus. Paying ₹100 a month for 10 years from age 30 builds an estimated ₹17,004 at an assumed bonus rate.
Jeevan Madhur 182 Premium & Maturity Calculator
Your estimate
maturity sum assured + assumed bonus
- Maturity sum assured
- ₹13,080
- Total bonus (estimated)
- ₹3,924
- Total premium paid
- ₹12,000
- Sum assured on deathtotal premiums payable for the full term, plus vested bonus
- ₹12,000
- Accidental death (total)in-built accident benefit, no extra premium
- ₹24,000
- Age at maturity
- 40 years
- Total premium paid₹12,00071%
- Net gain₹5,00429%
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 Madhur Plan 182?
LIC Jeevan Madhur (Plan 182, UIN 512N240V01) was one of LIC’s first micro-insurance plans. It was designed for households that cannot set aside a large sum once a year but can manage a small amount every week or month. It is a with-profit endowment plan, so bonus is added over the term.
LIC launched it on 28 September 2006 and withdrew it from new sales on 1 January 2014. The calculator above is for existing policyholders who want to know what their policy may pay.
Jeevan Madhur at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 182 / 512N240V01 |
| Plan type | With-profit micro-insurance endowment |
| Entry age | 18 to 60 years |
| Maximum maturity age | 65 years |
| Policy term | 5 to 15 years |
| Sum assured | ₹5,000 to ₹30,000 |
| Minimum premium | ₹25 weekly, ₹50 fortnightly, ₹100 monthly, ₹250 other modes |
| Accident benefit | In-built, no extra premium |
| Launched / withdrawn | 28 Sep 2006 / 1 Jan 2014 |
How Jeevan Madhur works
Unlike most LIC plans, you start from the premium, not the sum assured. You choose an instalment and a mode, and the policy then has two values:
- a death sum assured, equal to the total premiums payable over the whole term;
- a maturity sum assured, set by your age and term.
Our source gave a maturity table that did not change with the premium, which cannot be right. The calculator reads it as the maturity sum assured for every ₹1,000 of yearly premium: about ₹11,000 for a 10-year term at younger ages, a little less for older entrants. Treat the results as estimates. There is no GST: individual life insurance premiums are GST-exempt from 22 September 2025.
Worked example 1: a 30-year-old pays ₹100 a month for 10 years.
- Yearly premium ₹1,200, total paid ₹12,000.
- Maturity sum assured ₹13,080, bonus about ₹3,924 at an assumed ₹30 per ₹1,000.
- Estimated maturity: ₹17,004.
- Death cover: ₹12,000 plus bonus, and ₹24,000 in total if death is accidental.
Worked example 2: the same person pays ₹25 a week. That is ₹1,300 a year and ₹13,000 over 10 years, for an estimated maturity of ₹18,421.
Tip: paying weekly or monthly suits irregular income, but missed instalments can lapse the policy. Revive a lapsed policy quickly to keep the bonus.
Maturity benefit
On surviving the term, you receive the maturity sum assured plus vested bonus. Bonus is declared by LIC and is not guaranteed. The calculator’s ₹30 default is only an assumption, so try other values too. The LIC bonus calculator explains how bonus accumulates.
Death and accident benefit
If the policyholder dies during the term, the nominee gets the total premiums payable for the full term plus vested bonus, even if only a few instalments were paid. If death is caused by an accident, an equal additional amount is paid, at no extra premium.
Surrender and revival
Our source says the surrender value is the discounted value of vested bonus, so early exit returns little. A lapsed policy can usually be revived by paying the arrears with interest within the revival period.
Related micro plans
Jeevan Deep 810 is another withdrawn LIC micro-insurance plan with guaranteed additions. For a current option, compare LIC Micro Bachat 751.
How to use this calculator
- Enter your age and term.
- Choose the payment frequency.
- Enter the instalment amount.
- Adjust the bonus rate.
- Read the maturity estimate, death cover and accident cover.
Frequently asked questions
What is LIC Jeevan Madhur Plan 182?
It is a with-profit micro-insurance endowment plan for low-income earners. You pay a small fixed premium as often as weekly, and the policy pays a maturity sum assured with bonus at the end of the term, or a death benefit to the nominee. It also has built-in accident cover.
When was Jeevan Madhur launched and withdrawn?
LIC launched Jeevan Madhur on 28 September 2006 and withdrew it from new sales on 1 January 2014. Policies bought before that date remain valid until maturity.
What is the minimum premium in Jeevan Madhur?
The minimum instalment is ₹25 weekly, ₹50 fortnightly, ₹100 monthly or ₹250 for quarterly, half-yearly and yearly modes. The sum assured must fall between ₹5,000 and ₹30,000.
What does the nominee get if the policyholder dies?
Our sources describe the death benefit as the total premiums payable for the full term, plus vested bonus. For ₹100 a month over 10 years, that is ₹12,000 plus bonus. If death is due to an accident, the same amount is paid again.
How much will ₹100 a month in Jeevan Madhur give at maturity?
For a 30-year-old on a 10-year term, our calculator estimates a maturity sum assured of ₹13,080 plus about ₹3,924 of bonus at an assumed ₹30 per ₹1,000, or ₹17,004 in total, against ₹12,000 paid.
Can a Jeevan Madhur policy be surrendered?
Yes, but the value is small. According to our source, the surrender value is the discounted value of the vested bonus, so surrendering early returns little. Continuing to maturity is usually the better choice.
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.