LIC New Janaraksha (Plan 91, UIN 512N083V01) is a with-profit endowment plan that LIC withdrew on 1 January 2014. You pay premiums for the whole term of 12 to 30 years and get the sum assured plus bonuses at maturity. A 30-year-old with ₹3 lakh cover for 20 years pays about ₹14,400 a year; at a ₹40 bonus rate the maturity estimate is ₹5,40,000.
New Janaraksha 91 Premium & Maturity Calculator
Your estimate
- Premium per instalment
- ₹14,400
- Total premium paid
- ₹2,88,000
- Total bonus (estimated)
- ₹2,40,000
- Sum assured on deathplus bonuses accrued till death
- ₹3,00,000
- Extra on accidental deathin-built accident benefit, capped at ₹5 lakh
- ₹3,00,000
- Age at maturity
- 50 years
- Total premium paid₹2,88,00053%
- Net gain₹2,52,00047%
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 New Janaraksha Plan 91?
LIC New Janaraksha (Plan 91, UIN 512N083V01) is a traditional with-profit endowment assurance plan. You pay a regular premium for the full term. If you survive, LIC pays the sum assured plus bonuses. If you die during the term, your nominee gets the sum assured plus bonuses earned so far.
The plan was designed to be simple and affordable, with small sums assured allowed and an in-built accident benefit. LIC withdrew it on 1 January 2014. This page helps existing policyholders check premiums and estimate the maturity cheque. New buyers can compare LIC New Endowment Plan 714, the endowment plan on sale today.
New Janaraksha 91 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 91 / 512N083V01 |
| Plan type | With-profit endowment assurance |
| Policy term | 12 to 30 years |
| Premium paying term | Same as the policy term |
| Entry age | 18 to 50 years |
| Maximum maturity age | 70 years |
| Sum assured | ₹30,000 to ₹10 lakh, in multiples of ₹5,000 |
| Premium modes | Yearly, half-yearly, quarterly, monthly |
| Accident benefit | In-built, extra cover up to ₹5 lakh |
| Status | Withdrawn from 1 January 2014 |
Some summaries give ₹50,000 as the minimum sum assured; your policy bond shows the figure that applied.
How the premium is calculated
Plan 91 uses a tabular rate per ₹1,000 sum assured, based on age and term. A longer term lowers the yearly premium because it is spread over more years. The calculator reads the rate for your age and term, subtracts the ₹2 per ₹1,000 rebate for covers of ₹50,000 and above, and applies the mode factor.
Worked example: a 30-year-old picks ₹3 lakh for 20 years. The yearly premium is ₹14,400, and 20 years of premiums total ₹2,88,000. At a bonus of ₹40 per ₹1,000 a year, bonuses add ₹2,40,000, so the maturity estimate is ₹5,40,000.
A 35-year-old with ₹5 lakh for 25 years paying monthly pays ₹1,760 a month (₹20,230 a year on a yearly basis). The maturity estimate at the same bonus rate is ₹10,00,000 against ₹5,28,000 paid.
Tip: your yearly bonus statement shows the actual rates LIC declared. Enter the average of those in the bonus field for a closer estimate.
Maturity and death benefit
- Maturity: sum assured + simple reversionary bonuses + final additional bonus, if declared. LIC declares the final additional bonus mainly for long-running policies.
- Death: sum assured + bonuses accrued till death, paid to the nominee.
- Accidental death or disability: an extra amount up to ₹5 lakh. For total permanent disability, the benefit is paid in instalments and future premiums are waived.
Surrender, paid-up and loan
After three full years the policy has a surrender value; the guaranteed part is 30% of premiums paid excluding the first year. If you stop paying, the policy can continue as paid-up with a reduced sum assured. Loans are available once there is a surrender value. Check an exit with our surrender value calculator first.
Tax benefits
Premiums qualify for Section 123 of the Income-tax Act, 2025 (earlier Section 80C) deduction under the old tax regime, and maturity and death claims are generally tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)).
How to use this calculator
Enter your age, term, sum assured and mode, then adjust the bonus rate. For a deeper look at how bonuses build up, try the LIC bonus calculator.
Frequently asked questions
Is LIC New Janaraksha Plan 91 still available?
No. LIC withdrew Plan 91 for new business from 1 January 2014, when many older plans were closed under the revised product rules. Existing policies continue with their original benefits. A new buyer would today look at LIC New Endowment Plan 714.
What is the maturity benefit of New Janaraksha 91?
At maturity LIC pays the basic sum assured plus all simple reversionary bonuses and any final additional bonus. For ₹3 lakh over 20 years at ₹40 per ₹1,000, bonuses add ₹2,40,000, so the estimate is ₹5,40,000.
What is the premium for New Janaraksha 91?
It depends on age and term. For ₹10 lakh at age 30, the yearly premium is about ₹64,000 for 12 years, ₹48,000 for 20 years and ₹34,000 for 30 years. A ₹2 per ₹1,000 rebate applies from ₹50,000 sum assured.
What happens on death under New Janaraksha 91?
The nominee receives the sum assured plus bonuses accrued till death. If death is due to an accident, the in-built accident benefit adds an extra amount of up to ₹5 lakh.
What if I stop paying premiums after two years?
The plan has an auto-cover feature: after two full years of premium, life cover continues for a limited period even if premiums stop. After three years the policy also acquires a surrender value and can continue as a paid-up policy.
What is the surrender value of Plan 91?
After three full years the guaranteed surrender value is 30% of premiums paid, excluding the first year's premium, plus the surrender value of attached bonuses. LIC normally pays a higher special surrender value when that is more.
Do I pay GST on New Janaraksha premiums now?
No. Individual life insurance premiums are exempt from GST from 22 September 2025. Before that, endowment premiums carried 4.5% GST in the first year and 2.25% afterwards.
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.