LIC Samridhi Plus 804 was a close-ended ULIP sold only from 25 February to 25 May 2011, with a fixed 10-year term and 5-year or single premium. At maturity it paid units at the higher of the maturity NAV or the highest NAV in the first 100 months. By our estimate, ₹50,000 a year for 5 years at age 35 and 8% gross return gives about ₹4.04 lakh.
Samridhi Plus 804 Maturity Calculator
Your estimate
units × higher of maturity NAV or highest NAV in first 100 months
- Extra from the highest-NAV guarantee
- ₹0
- Premium per instalment
- ₹50,000
- Basic sum assured
- ₹5,00,000
- Death benefitin year 1: highest of sum assured, fund value or 105% of premiums
- ₹5,00,000
- Charges (allocation, admin, mortality)
- ₹17,447
- Approx. return (IRR)
- 6.14%
- Total premium paid₹2,50,00062%
- Net gain₹1,54,02738%
Year-wise fund value projection
| Year | Age | Premium paid | Estimated fund value | Death benefit |
|---|---|---|---|---|
| 1 | 36 | ₹50,000 | ₹49,727 | ₹5,00,000 |
| 2 | 37 | ₹50,000 | ₹1,04,045 | ₹5,00,000 |
| 3 | 38 | ₹50,000 | ₹1,62,225 | ₹5,00,000 |
| 4 | 39 | ₹50,000 | ₹2,24,556 | ₹5,00,000 |
| 5 | 40 | ₹50,000 | ₹2,91,352 | ₹5,00,000 |
| 6 | 41 | ₹0 | ₹3,10,935 | ₹5,00,000 |
| 7 | 42 | ₹0 | ₹3,31,882 | ₹5,00,000 |
| 8 | 43 | ₹0 | ₹3,54,301 | ₹5,00,000 |
| 9 | 44 | ₹0 | ₹3,78,307 | ₹5,00,000 |
| 10 | 45 | ₹0 | ₹4,04,027 | ₹5,00,000 |
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 was LIC Samridhi Plus Plan 804?
LIC Samridhi Plus (Plan 804) was a close-ended unit-linked insurance plan with a fixed 10-year term. LIC offered it for only three months, from 25 February 2011 to 25 May 2011. Its main selling point was a highest-NAV guarantee: at maturity, units were paid at the higher of the NAV on the maturity date or the highest NAV seen in the first 100 months.
Because the term was fixed at 10 years, every policy sold in that window matured by mid-2021. This calculator is useful if you want to understand how your maturity amount was arrived at, or to check a statement.
Samridhi Plus 804 at a glance
| Feature | Details |
|---|---|
| Plan number | 804 |
| Type | Close-ended ULIP with highest-NAV guarantee |
| Sale period | 25 Feb 2011 to 25 May 2011 |
| Policy term | 10 years (fixed) |
| Premium payment | Regular for 5 years, or single premium |
| Entry age | 8 to 65 years |
| Maturity age | 18 to 75 years |
| Regular premium | ₹15,000 to ₹1,00,000 a year |
| Single premium | Minimum ₹30,000 |
| Charges | FMC about 0.90% a year; admin ₹30/month rising 3% a year |
| Partial withdrawal | After the 5th policy year |
How the calculator works
The calculator tracks your units, not just rupees:
- Each premium, less an allocation charge (10% capped at ₹2,500 in year 1, 6% capped at ₹1,500 after), buys units at that year’s NAV.
- Policy administration and mortality charges are taken by cancelling units.
- The NAV grows at your assumed return, less the 0.90% fund management charge.
- At maturity, units are paid at the higher of the maturity NAV or the highest NAV in the first 100 months.
Worked example: age 35, ₹50,000 a year for 5 years, sum assured 10× premium (₹5 lakh).
| Scenario | Maturity value |
|---|---|
| Steady 4% gross return | ₹2,96,082 |
| Steady 8% gross return | ₹4,04,027 |
| 8% for 100 months, then a 30% fall | ₹3,60,541 |
Total premiums paid: ₹2,50,000. In the third scenario, the guarantee adds about ₹77,913. Without it, the market fall near the end would have cut the payout much more. A single premium of ₹1 lakh at 8% grows to about ₹1,86,084.
Tip: the guarantee protects against a late fall, not a weak decade. If the NAV barely rose in the first 100 months, the guaranteed NAV was also low.
Death benefit
On death during the term, the nominee received the highest of the sum assured, the fund value, or 105% of premiums paid. The sum assured was chosen as a multiple of the premium, in multiples of ₹5,000; from age 45 the multiple was lower.
Tax
Premiums qualified under Section 123 of the Income-tax Act, 2025 (earlier Section 80C). Maturity proceeds were generally exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) for policies of this period, provided the premium did not exceed 20% of the sum assured in any year.
Samridhi Plus vs other LIC ULIPs
Samridhi Plus came right after IRDAI’s September 2010 ULIP reforms, which is why its charges are lower than those of earlier plans such as LIC Endowment Plus 802 or LIC Profit Plus 188. If you now want a market-linked LIC plan, current options include LIC SIIP 752. Our ULIP calculator projects LIC’s current SIIP 752 and Nivesh Plus 749 with their published charges.
How to use this calculator
Enter the premium type, age, premium, mode and sum assured multiple, then an expected return. Use the stress-test field to see how the highest-NAV guarantee changes the payout. The results show maturity value, the extra from the guarantee, charges, IRR and a year-wise table. All figures are illustrations; your actual payout depended on the real NAV of the fund.
Frequently asked questions
Is LIC Samridhi Plus 804 still available?
No. It was a close-ended plan sold only between 25 February and 25 May 2011. Since every policy had a 10-year term, all policies that stayed in force have now reached maturity.
What was the highest NAV guarantee in Samridhi Plus?
At maturity, LIC paid your units at the higher of the NAV on the maturity date or the highest NAV recorded during the first 100 months of the fund. This protected gains made in good years if markets fell near the end of the term.
How is the Samridhi Plus maturity value calculated?
Maturity value equals the number of units in your account multiplied by the guaranteed NAV or the maturity NAV, whichever is higher. The number of units depends on premiums paid and charges deducted over the ten years.
What was the death benefit under Samridhi Plus?
The nominee received the highest of the sum assured, the fund value, or 105% of premiums paid. The sum assured was a multiple of the premium, in multiples of ₹5,000.
What were the premium limits in Samridhi Plus?
Regular premium was paid for 5 years, from ₹15,000 to ₹1,00,000 a year (₹8,000 half-yearly, ₹4,000 quarterly or ₹1,500 monthly minimum). The single premium minimum was ₹30,000 with no upper limit.
My Samridhi Plus maturity was lower than expected. Why?
Returns depended on how the fund performed and on the charges deducted. The guarantee only locked in the highest NAV of the first 100 months. If NAV rose little in that period, the guarantee added little. Compare your statement with the calculator using your fund's actual NAV path.
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.