LIC New Jeevan Mangal 819 is an early version of LIC's micro-insurance term plan with return of premium. Cover ranges from ₹10,000 to ₹50,000, accidental death pays double, and all premiums come back at maturity. A 25-year-old with ₹30,000 cover for 10 years pays about ₹155 a month and gets ₹18,600 back at the end.
New Jeevan Mangal 819 Premium & Refund Calculator
Your estimate
- Premium per instalment
- ₹3,008
- Total premium paid
- ₹30,080
- Sum assured on deathhigher of sum assured or 105% of premiums paid
- ₹50,000
- Payout on accidental deathIn-built accident benefit: an extra amount equal to the sum assured
- ₹1,00,000
- Age at maturity
- 40 years
- Total premium paid₹30,08060%
- Life cover above premiums₹19,92040%
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 Jeevan Mangal Plan 819?
LIC New Jeevan Mangal Plan 819 is a small-ticket life insurance policy aimed at low-income households. It combines three things in one simple contract:
- a fixed life cover for 10 to 15 years (or 5 to 10 years with a single premium),
- an in-built accident benefit that doubles the payout on accidental death,
- a full refund of premiums if the policyholder survives the term.
Plan 819 is one of the early New Jeevan Mangal versions that followed the original Jeevan Mangal 198. It kept the classic micro-insurance cover band of ₹10,000 to ₹50,000, which makes it different from New Jeevan Mangal 840 and 940, where cover could go up to ₹2 lakh. The plan is withdrawn; existing policies continue.
Plan 819 at a glance
| Feature | Details |
|---|---|
| Plan number | 819 |
| Plan type | Micro-insurance term plan with return of premium |
| Sum assured | ₹10,000 to ₹50,000 |
| Policy term | 10–15 years (regular), 5–10 years (single) |
| Entry age | 18 to 55 years |
| Maximum maturity age | 65 years |
| Premium modes | Yearly, half-yearly, quarterly, monthly or single |
| Accident benefit | In-built |
| Loan | Not available |
| Status | Withdrawn |
Eligibility
| Condition | Details |
|---|---|
| Minimum entry age | 18 years |
| Maximum entry age | 55 years |
| Maximum age at maturity | 65 years |
| Minimum / maximum cover | ₹10,000 / ₹50,000 |
How the premium is calculated
The premium is a rate per ₹1,000 of cover that depends on age and term. For ₹50,000 cover, the calculator shows a yearly premium of about ₹2,943 at age 20, ₹3,008 at 30 and ₹4,180 at 50 on a 10-year term. A 15-year term is cheaper per year: about ₹1,908 at age 30.
Worked example: a 25-year-old takes ₹30,000 cover for 10 years and pays monthly.
- Monthly premium: about ₹155
- Total paid in 10 years: ₹18,600
- Refund at age 35: ₹18,600
- Death benefit: ₹30,000, or ₹60,000 for accidental death
Tip: monthly payment costs a little more than yearly because of the mode loading. If you can manage a yearly payment, you pay slightly less overall.
Maturity benefit
On survival to the end of the term, the full premiums paid are refunded, excluding taxes, extra premiums and rider charges. There is no bonus. With a single premium, the one-time amount is refunded; for example, about ₹8,963 paid at age 30 for ₹50,000 cover over 10 years comes back at age 40.
Death benefit
The nominee receives the higher of the sum assured or 105% of premiums paid till death. If the death results from an accident, an extra amount equal to the sum assured is paid, so ₹50,000 cover pays about ₹1,00,000.
Other points
- No loan against the policy.
- Revival of a lapsed policy within two years, with interest on arrears.
- Tax: regular premiums usually qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime), and the refund is generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)).
Who is it useful for?
The plan was built for daily-wage workers, vendors and rural families who wanted to insure themselves without feeling that the premium was “lost”. If you hold one, keep it running to maturity. If you want bigger cover today, compare a pure term plan with our term plan calculator.
How to use this calculator
- Choose regular or single premium.
- Enter age and pick the term.
- Set sum assured between ₹10,000 and ₹50,000.
- Pick the premium mode.
- See the instalment, total premiums, refund at maturity and death benefits. All figures are estimates.
Frequently asked questions
What is LIC New Jeevan Mangal Plan 819?
It is a micro-insurance term plan from LIC's New Jeevan Mangal series with a cover limit of ₹50,000. If the policyholder survives the term, all premiums are refunded. If death occurs, the nominee gets the cover, doubled for accidental death.
How is Plan 819 different from Plan 840 and 940?
All three share the same idea and a similar premium chart. Plan 819 kept the original micro-insurance cover band of ₹10,000 to ₹50,000, while Plans 840 and 940 allowed cover from ₹50,000 up to ₹2 lakh. The death benefit rules also differ slightly between versions.
What is the monthly premium for New Jeevan Mangal 819?
For ₹30,000 cover on a 10-year term at age 25, the monthly premium is about ₹155, according to our calculator. For ₹50,000 cover at age 40 on a 15-year term, the quarterly instalment is about ₹567.
What happens at maturity in Plan 819?
LIC refunds the total premiums paid, excluding taxes and any extra or rider premiums. No bonus is added. For example, ₹3,008 a year for 10 years is returned as ₹30,080.
Can I still buy New Jeevan Mangal 819?
No. The plan has been withdrawn and is not sold to new customers. Existing policyholders continue to receive the promised cover and refund.
Is there a loan facility in Jeevan Mangal 819?
No. The New Jeevan Mangal plans do not offer loans. A lapsed policy can usually be revived within two years of the first unpaid premium by paying arrears with interest.
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.