LIC Jeevan Vriddhi (Plan 808) was a close-ended single premium plan sold from 1 March to 29 June 2012. You chose the premium (minimum ₹30,000); life cover was 5 times that amount, and after 10 years LIC paid a guaranteed maturity sum assured based on your age. A ₹1 lakh premium at age 30 grows to ₹2,02,704 guaranteed, about 7.3% a year.
Jeevan Vriddhi 808 Guaranteed Maturity Calculator
Your estimate
GMSA + loyalty addition
- Death benefitbasic sum assured = 5 × single premium
- ₹5,00,000
- Maturity multiple of premium
- 2.027×
- Approx. return (IRR)
- 7.32%
- Age at maturity
- 40 years
- Single premium₹1,00,00049%
- Net gain₹1,02,70451%
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 Vriddhi Plan 808?
LIC Jeevan Vriddhi (Plan 808, UIN 512N268V01) was a close-ended, non-linked, single premium plan with a simple promise: pay once, and in 10 years get back roughly double, with life cover of five times your premium in the meantime. Unlike most LIC plans, you started from the premium rather than the sum assured. The guaranteed maturity amount was then worked out from your age.
The plan was on sale for only four months, from 1 March 2012 to 29 June 2012. All policies matured by mid-2022. Use the calculator to check a maturity payout or to compare Vriddhi with other single premium plans.
Jeevan Vriddhi 808 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 808 / 512N268V01 |
| Sale period | 1 Mar 2012 to 29 Jun 2012 |
| Policy term | 10 years, fixed |
| Entry age | 8 (completed) to 50 years (nearest birthday) |
| Maximum maturity age | 60 years |
| Single premium | Minimum ₹30,000, multiples of ₹1,000, no maximum |
| Life cover | 5 × single premium (minimum ₹1,50,000) |
| Maturity | Guaranteed maturity sum assured + loyalty addition |
| Loan | After one policy year |
How the maturity is calculated
The guaranteed maturity sum assured (GMSA) equals the single premium times an age-based multiple. Larger premiums get a small increase in the GMSA. The multiples in our source dropped from 1.981 at age 8 to 1.794 at age 30, then jumped back to 1.964 at 35. That jump contradicts the way cover costs rise with age, so the calculator smooths the younger ages into the 35–50 values.
Example 1: age 30, single premium ₹1,00,000.
- Life cover: ₹5,00,000
- Guaranteed maturity: ₹2,02,704 (2.027 × premium, including the 3% boost)
- Approximate return: 7.32% a year
Example 2: age 40, single premium ₹50,000.
- Life cover: ₹2,50,000
- Guaranteed maturity: ₹96,846
- Approximate return: 6.83% a year
The maturity chart below the calculator shows what ₹1 lakh became at each entry age: about ₹2,04,043 at 8, ₹1,97,039 at 40 and ₹1,82,928 at 50.
Tip: add any loyalty addition LIC paid you in the last field. The calculator applies it per ₹1,000 of basic sum assured (5 × premium) and updates the return.
Service tax was added to the premium when Vriddhi was sold. Today, individual life premiums are exempt from GST from 22 September 2025.
Tax treatment
With cover at 5 times the premium, the premium was exactly 20% of the sum assured. Policies issued in March 2012 met the 20% rule of the time; those issued from 1 April 2012 fell under the new 10% rule, so the maturity gain on them may be taxable. The death benefit is tax-free in all cases.
Vriddhi vs its siblings
Jeevan Vaibhav 809 followed in May 2012 and started from the sum assured instead of the premium, with no extra cover. Jeevan Sugam 813 in 2013 offered 10 times the premium as cover for five years. For a current single premium option, see the Single Premium Endowment Plan 717, and use the LIC return calculator to compare yields.
How to use this calculator
- Enter the age at entry.
- Enter the single premium.
- Add a loyalty addition if you know it.
- Read the guaranteed maturity, life cover, maturity multiple and return.
Frequently asked questions
When was LIC Jeevan Vriddhi 808 on sale?
Jeevan Vriddhi was a close-ended plan sold from 1 March 2012 to 29 June 2012. Every policy had a 10-year term, so all of them reached maturity by mid-2022.
How was the Jeevan Vriddhi maturity amount decided?
The guaranteed maturity sum assured was the single premium multiplied by an age-based factor, about 1.98 for children and falling to about 1.78 at age 50. Larger premiums earned a small boost: 1.25% from ₹50,000 and 3% from ₹1 lakh.
What was the life cover in Jeevan Vriddhi?
The basic sum assured, which was paid on death during the term, was 5 times the single premium. A ₹1 lakh premium therefore gave ₹5 lakh of cover for 10 years.
What return did Jeevan Vriddhi give?
At age 30, a ₹1 lakh premium grew to ₹2,02,704 guaranteed, about 7.3% a year. At 40, a ₹50,000 premium grew to ₹96,846, roughly 6.8% a year, because older buyers had a higher cost of cover.
Was Jeevan Vriddhi maturity tax-free?
It depends on the issue date. The premium was 20% of the sum assured, which met the limit for policies issued before 1 April 2012. Policies issued from 1 April 2012 exceeded the new 10% limit, so their maturity gain may not be exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)).
Could I take a loan on Jeevan Vriddhi?
Yes. After one full policy year the policy acquired a surrender value, and a loan of up to about 70% of that value was available.
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.