LIC Jeevan Vishwas (Plan 136) was an endowment plan for parents or guardians of a handicapped dependent, withdrawn on 1 January 2014. It adds ₹60 per ₹1,000 sum assured every year, and pays 20% of the claim as a lump sum and 80% as a lifelong annuity for the dependent. For a 35-year-old, ₹1 lakh cover over 25 years costs about ₹3,282 a year and builds ₹2.5 lakh.
Jeevan Vishwas 136 Premium & Dependent Benefit Calculator
Your estimate
sum assured + guaranteed additions + loyalty addition
- Premium per instalment
- ₹3,282
- Total premium paid
- ₹82,050
- Guaranteed additions₹60 per ₹1,000 each year
- ₹1,50,000
- Lump sum to dependent (20%)
- ₹50,000
- Used to buy annuity (80%)
- ₹2,00,000
- Estimated yearly pension for dependentat an assumed 6% annuity rate
- ₹12,000
- Age at maturity
- 60 years
- Total premium paid₹82,05033%
- Net gain₹1,67,95067%
Death benefit by policy year (guaranteed part, before loyalty addition)
| Year | Age at entry | Premium paid | Guaranteed additions | Death benefit |
|---|---|---|---|---|
| 1 | 36 | ₹3,282 | ₹0 | ₹1,00,000 |
| 2 | 37 | ₹6,564 | ₹6,000 | ₹1,06,000 |
| 3 | 38 | ₹9,846 | ₹12,000 | ₹1,12,000 |
| 4 | 39 | ₹13,128 | ₹18,000 | ₹1,18,000 |
| 5 | 40 | ₹16,410 | ₹24,000 | ₹1,24,000 |
| 10 | 45 | ₹32,820 | ₹54,000 | ₹1,54,000 |
| 15 | 50 | ₹49,230 | ₹84,000 | ₹1,84,000 |
| 20 | 55 | ₹65,640 | ₹1,14,000 | ₹2,14,000 |
| 25 | 60 | ₹82,050 | ₹1,44,000 | ₹2,44,000 |
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 Vishwas Plan 136?
LIC Jeevan Vishwas (Plan 136, UIN 512N122V01) was an endowment assurance plan for parents and guardians of a handicapped dependent. The parent is the life assured and pays the premium. Every year the policy earns a fixed guaranteed addition. When the policy matures, or if the parent dies earlier, the whole claim goes to secure the dependent’s future:
- 20% is paid as a lump sum, for immediate needs;
- 80% buys an annuity that pays the dependent a regular income for life.
LIC withdrew the plan on 1 January 2014. Terms ran up to 40 years, so many policies are still active, and this calculator helps families see what the policy should deliver.
Jeevan Vishwas 136 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 136 / 512N122V01 |
| Plan type | Endowment assurance for a handicapped dependent |
| Proposer’s entry age | 20 to 65 years |
| Policy term | 10 to 40 years |
| Maximum maturity age | 75 years |
| Basic sum assured | Minimum ₹50,000, no maximum |
| Premium | Yearly, half-yearly, quarterly or single; minimum ₹800 a year |
| Guaranteed addition | ₹60 per ₹1,000 sum assured per completed year |
| Payout | 20% lump sum + 80% annuity for the dependent |
| Status | Withdrawn from 1 January 2014 |
Premium and worked examples
The calculator prices the plan from its own benefits: the sum assured plus ₹60 per ₹1,000 a year, payable on maturity or death. It is calibrated to the source’s example of a ₹36,645 single premium for ₹1 lakh over 25 years at age 35. The source’s own formula scaled single premiums straight-line with term, which gave impossible returns on short terms, so we did not use it.
Example 1: proposer aged 35, ₹1,00,000 sum assured, 25 years.
- Yearly premium: about ₹3,282 (₹82,050 in total); single premium about ₹36,652
- Guaranteed additions: ₹1,50,000
- Maturity value: ₹2,50,000, of which ₹50,000 is a lump sum and ₹2,00,000 buys the annuity
- Estimated pension at a 6% annuity rate: ₹12,000 a year
Example 2: proposer aged 40, ₹5,00,000 sum assured, 20 years.
- Yearly premium: about ₹22,889 (₹4,57,780 in total)
- Maturity value: ₹11,00,000: ₹2,20,000 lump sum and ₹8,80,000 for the annuity
- Estimated pension at 6%: about ₹52,800 a year
Individual life premiums carry no GST from 22 September 2025, so the premiums above are what a policyholder pays today.
Tip: the pension figure is only an estimate. Actual annuity rates depend on the dependent’s age and the rates on the claim date, so re-run the calculator with a lower rate for a cautious view.
Death benefit
If the parent dies during the term, the claim is the sum assured plus guaranteed additions for completed years, and any loyalty addition from the fifth policy year. The year-wise table in the calculator shows this growing each year. The same 20/80 split applies.
Tax
Premiums qualified for Section 123 of the Income-tax Act, 2025 (earlier Section 80C) under the old tax regime, and maturity and death claims are generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)). Annuity income received later by the dependent is taxable as income in the dependent’s hands, though it often falls within the basic exemption.
Similar LIC plans
LIC’s Jeevan Aadhar 114 was also built for families with a disabled dependent. For a sense of how annuity payouts work today, see the LIC pension calculator. If you are thinking of surrendering, check the surrender value calculator first, as early exit loses much of the guaranteed additions.
How to use this calculator
- Enter the proposer’s age and the policy term.
- Enter the sum assured and choose regular or single premium.
- Add any loyalty addition and set an annuity rate.
- Read the premium, maturity value, lump sum, annuity amount and estimated pension, then scroll the year-wise death benefit table.
Frequently asked questions
Who was LIC Jeevan Vishwas 136 meant for?
It was designed for a parent or guardian who supports a person with a disability. The policy is on the proposer's life, but the money on maturity or death is used for the dependent: part as cash and most of it as a lifelong annuity.
Is Jeevan Vishwas still available?
No. LIC withdrew Jeevan Vishwas from sale on 1 January 2014. Existing policies continue with their guaranteed additions until maturity or claim. Parents looking for a similar arrangement today usually combine a term plan with an annuity or trust.
How much guaranteed addition does Jeevan Vishwas give?
₹60 per ₹1,000 of basic sum assured for each completed policy year. On a 25-year policy with ₹1 lakh sum assured, the additions total ₹1,50,000, so the guaranteed maturity value is ₹2,50,000 before any loyalty addition.
How is the claim paid to the dependent?
20% of the total claim is paid as a lump sum and 80% is used to buy an annuity that pays the dependent a regular income for life. On ₹2.5 lakh, that is ₹50,000 in cash and ₹2 lakh for the annuity.
What does the dependent get if the parent dies during the term?
The sum assured plus guaranteed additions for completed years, and any loyalty addition from the fifth year, are paid in the same 20% lump sum and 80% annuity pattern. The dependent does not have to wait for the original maturity date.
What premium payment options did Jeevan Vishwas have?
Premiums could be paid yearly, half-yearly or quarterly for the full term, or as a single premium. The minimum yearly premium was ₹800. For a 35-year-old with ₹1 lakh cover over 25 years, the single premium was about ₹36,650.
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.