LIC Jeevan Samridhi is an old, withdrawn money back plan with guaranteed additions of ₹65 per ₹1,000 sum assured for every policy year. Terms were 12, 15, 20 or 25 years, with part of the sum assured paid back along the way. For a 35-year-old with ₹1 lakh cover over 15 years, the premium is about ₹10,483 a year and total payouts about ₹1,97,500.
Jeevan Samridhi Premium & Money Back Calculator
Your estimate
- Premium per instalment
- ₹52,415
- Total premium paid
- ₹7,86,225
- Survival benefits (money back)paid during the term
- ₹2,50,000
- Estimated maturity amountfinal instalment + guaranteed additions
- ₹7,37,500
- Guaranteed additions
- ₹4,87,500
- Sum assured on deathplus guaranteed additions accrued; money back already paid is not deducted
- ₹5,00,000
- Age at maturity
- 50 years
- Total premium paid₹7,86,22580%
- Net gain₹2,01,27520%
Money back schedule
| Policy year | Share of sum assured | You get |
|---|---|---|
| 5 | 25% | ₹1,25,000 |
| 10 | 25% | ₹1,25,000 |
| 15 | 50% + GA | ₹7,37,500 |
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 Samridhi?
LIC Jeevan Samridhi was a traditional money back plan with guaranteed additions. Like other money back policies, it returned part of the sum assured at fixed intervals. What set it apart was a guaranteed addition of ₹65 per ₹1,000 sum assured for every year the policy was in force, paid at the end together with the last instalment.
The plan was sold in the early 2000s and is withdrawn. Sources disagree on its exact launch and withdrawal dates and on its registration number, so we do not quote them here. Many 20- and 25-year policies are still running, and this calculator helps their holders see the full payout pattern.
Jeevan Samridhi at a glance
| Feature | Details |
|---|---|
| Plan type | Money back with guaranteed additions |
| Policy terms | 12, 15, 20 or 25 years |
| Premium paying term | Same as the policy term |
| Entry age (calculator) | 18 to 58, maturity by age 70 |
| Minimum sum assured | ₹1,00,000 |
| Guaranteed additions | ₹65 per ₹1,000 per policy year |
| Loyalty addition | Possible from year 5, not guaranteed |
| Premium modes | Yearly, half-yearly, quarterly, monthly, salary deduction |
| Status | Withdrawn |
Money back schedule
| Term | Money back (share of sum assured) | At maturity |
|---|---|---|
| 12 years | 20% at year 4, 20% at year 8 | 60% + guaranteed additions |
| 15 years | 25% at years 5 and 10 | 50% + guaranteed additions |
| 20 years | 20% at years 5, 10 and 15 | 40% + guaranteed additions |
| 25 years | 15% at years 5, 10, 15 and 20 | 40% + guaranteed additions |
How the premium is estimated
The rate table we started from was written ten times too small. Its own worked example quoted about ₹10,483 a year for ₹1 lakh over 15 years at age 35, which is ₹104.83 per ₹1,000, so we scaled the table to match. It also ignored age. We apply a simple loading of 0.6% for each year above or below 35. Treat the results as estimates. Your policy bond shows the actual premium.
Example 1: a 35-year-old with ₹1,00,000 cover over 15 years pays ₹10,483 a year, or ₹1,57,245 in total. He receives ₹25,000 at year 5, ₹25,000 at year 10 and ₹1,47,500 at maturity (₹50,000 plus ₹97,500 guaranteed additions), for a total of ₹1,97,500.
Example 2: with ₹5,00,000 cover over 20 years, the premium is ₹42,230 a year (₹8,44,600 in total). Money back of ₹1,00,000 comes at years 5, 10 and 15. At maturity the payout is ₹8,50,000, made up of ₹2,00,000 plus ₹6,50,000 guaranteed additions. The total is ₹11,50,000.
Tip: most of the value in this plan arrives at the very end, as accumulated guaranteed additions. Surrendering in the last few years usually gives up far more than it looks.
Death benefit
If the life assured dies during the term, the nominee gets the full sum assured plus the guaranteed additions accrued so far, and any loyalty addition. Money back instalments already paid are not deducted. That makes the cover stronger than it first looks.
Surrender and loan
The guaranteed surrender value is 30% of basic premiums paid, excluding the first year. LIC pays a special surrender value instead if it is higher. Loans are available against the surrender value. Estimate an early exit with the surrender value calculator.
Tax
Premiums qualified for Section 123 of the Income-tax Act, 2025 (earlier Section 80C) under the old tax regime, and money back and maturity amounts are normally tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)). Receipts from before 22 September 2025 may show GST, but individual life premiums are GST-exempt from that date.
Current alternatives
For a money back policy today, look at New Money Back Plan 720, the current 20-year version, or compare options with the money back policy calculator.
How to use this calculator
- Enter age, choose the term and enter the sum assured.
- Pick the premium mode.
- Read the premium, total received, money back and maturity amount. The schedule table lists each payout year and amount.
Frequently asked questions
Is LIC Jeevan Samridhi still available?
No. Jeevan Samridhi was sold in the early 2000s and has long been withdrawn. Existing policies continue with their original money back schedule and guaranteed additions until maturity or claim.
What are the guaranteed additions in Jeevan Samridhi?
LIC adds ₹65 per ₹1,000 sum assured for every completed policy year. They accumulate and are paid with the final instalment at maturity, or with the death claim. On ₹5 lakh over 20 years they add up to ₹6,50,000.
What is the money back schedule of Jeevan Samridhi?
For 12 years: 20% at years 4 and 8, 60% at 12. For 15 years: 25% at 5 and 10, 50% at 15. For 20 years: 20% at 5, 10 and 15, 40% at 20. For 25 years: 15% every five years and 40% at 25.
What does the nominee get on death in Jeevan Samridhi?
The nominee receives the full sum assured plus guaranteed additions accrued to date, and any loyalty addition. Money back instalments already paid are not deducted from the death claim.
How much will I get at maturity from Jeevan Samridhi?
At maturity you get the last money back instalment plus all guaranteed additions. For ₹5 lakh cover over 20 years, that is ₹2,00,000 plus ₹6,50,000, about ₹8,50,000, after ₹3,00,000 already received as money back.
What is the surrender value of Jeevan Samridhi?
The guaranteed surrender value is 30% of the basic premiums paid, excluding the first year's premium. LIC pays a higher special surrender value if that works out better.
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.