Contents
LIC Jeevan Lakshya Premium Calculator helps you to calculate your Premium According to option chosen by you such as Monthly mode, Quarterly, Half Yearly and Yearly. In order to Calculate your Premium in LIC Jeevan Lakshya Premium Calculator the following details should be filled by the policyholder such as Name, Age, Sum assured, Policy term and Personal details. In LIC Jeevan Lakshya Premium Chart after filling the details all types of Benefits are Illustrated such as Maturity Benefit, Death Benefit, Riders Benefits, Tax Benefits, Bonus values according to policy term, Loan values are tabulated in order to provide all details about the LIC Jeevan Lakshya Policy.
Death Benefit is considered in two ways under this LIC jeevan lakshya premium table. If death occurs before the completion of Policy term then Nominee will receive basic sum Assured every year from the year of death till the date of maturity. If death occurs after the completion of Policy term then nominee will receive Sum Assured on death(110% of sum assured) + Vested simple Revisionary Bonuses + Final Additional Bonus (If Any).
Lic Jeevan Lakshya Maturity Calculator
Lic Jeevan Lakshya Maturity Calculator Provides Maturity Benefits till the end of Policy term if all due Premiums are paid. Under Lic Jeevan Lakshya Maturity amount is given as sum of Sum Assured, vested Simple Revisionary bonus and Final Additional bonus (if any), Where Sum Assured on Maturity is equal to Basic Sum Assured. Under Lic Jeevan Lakshya Maturity Calculator based on policy term final maturity benefit is tabulated
LIC Jeevan Lakshya Premium Calculator is used to calculate Premium by filling some parameters such as Name, Policy term, Age, Sum assured which is given below. Based on your Plan Parameters all types of benefits are calculated such as Death Benefit, Maturity Benefits, Rider Benefits etc. LIC Jeevan Lakshya Calculator Provides Premium on different modes (Monthly mode, Quarterly, Half Yearly and Yearly) with and without tax. For information about Tax on Life Insurance Policies www.taxqueries.in
Plan Presented By LIC24 (www.lic24.in)
Lic Jeevan Lakshya Policy Benefit illustration
| Name | VIJAY | Age | 20 | |
| Term: | 21 | Sum Assured: | 300000 | |
| Tabular Premium: 54.1 | ||||
| Premium | without tax | Tax tax | with tax |
| Yearly Premium | 15305 | 473 | 15778 |
| Half-Yearly Premium | 7734 | 239 | 7973 |
| Quarterly Premium | 5210 | 161 | 5371 |
| Monthly Premium | 1303 | 40 | 1343 |
| Age | Policy Year | Premium Paid | Tax Saving | Natural Death Coverage | Accident Death Coverage | Bonus | Cash Value | Loan value |
| 20 | 2014 | 15,305 | 15,305 | 389,400 | 689,400 | 14,400 | 0 | 0 |
| 21 | 2015 | 15,305 | 15,305 | 403,800 | 703,800 | 28,800 | 0 | 0 |
| 22 | 2016 | 15,305 | 15,305 | 418,200 | 718,200 | 43,200 | 20,656 | 18,591 |
| 23 | 2017 | 15,305 | 15,305 | 432,600 | 732,600 | 57,600 | 39,953 | 35,957 |
| 24 | 2018 | 15,305 | 15,305 | 447,000 | 747,000 | 72,000 | 50,200 | 45,180 |
| 25 | 2019 | 15,305 | 15,305 | 461,400 | 761,400 | 86,400 | 60,629 | 54,566 |
| 26 | 2020 | 15,305 | 15,305 | 475,800 | 775,800 | 100,800 | 71,288 | 64,159 |
| 27 | 2021 | 15,305 | 15,305 | 490,200 | 790,200 | 115,200 | 84,301 | 75,870 |
| 28 | 2022 | 15,305 | 15,305 | 504,600 | 804,600 | 129,600 | 98,124 | 88,311 |
| 29 | 2023 | 15,305 | 15,305 | 519,000 | 819,000 | 144,000 | 112,820 | 101,538 |
| 30 | 2024 | 15,305 | 15,305 | 533,400 | 833,400 | 158,400 | 128,482 | 115,634 |
| 31 | 2025 | 15,305 | 15,305 | 547,800 | 847,800 | 172,800 | 145,165 | 130,649 |
| 32 | 2026 | 15,305 | 15,305 | 562,200 | 862,200 | 187,200 | 162,944 | 146,650 |
| 33 | 2027 | 15,305 | 15,305 | 576,600 | 876,600 | 201,600 | 181,918 | 163,727 |
| 34 | 2028 | 15,305 | 15,305 | 591,000 | 891,000 | 216,000 | 202,203 | 181,983 |
| 35 | 2029 | 15,305 | 15,305 | 605,400 | 905,400 | 230,400 | 223,967 | 201,570 |
| 36 | 2030 | 15,305 | 15,305 | 619,800 | 919,800 | 244,800 | 247,377 | 222,640 |
| 37 | 2031 | 15,305 | 15,305 | 634,200 | 934,200 | 259,200 | 272,594 | 245,335 |
| 38 | 2032 | 15,305 | 15,305 | 648,600 | 948,600 | 273,600 | 299,955 | 269,959 |
| 39 | 2033 | 15,305 | 15,305 | 663,000 | 963,000 | 288,000 | 331,280 | 298,152 |
| 40 | 2034 | 15,305 | 15,305 | 677,400 | 977,400 | 302,400 | 362,964 | 326,668 |
| Maturity Benefit | 632,400 |
| Death Benefit | From Year of Death, Every Year 10% of sum assured = 30,000 till end of policy term |
| At end of Policy Term 330,000 + Bonus amount 332,400 will be payable |
Here the values provided by Lic Jeevan Lakshya Premium Calculator are estimated values. For detailed and accurate values please refer Lic premium calculator at www.licindia.in.
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My sister wishes to invest in LIC n avail tax benefit under premiums paid for her niece ,single premium only..Pls adivce
mam,
a very glad welcome, if you are interested to invest in lic for tax savings purpose in single premium please take single premium policies like endownment or bima bachat or jeevan akshay
Sir,
Thanks for posting this. Very useful.
Can I take this policy on behalf of my sister’s daughter’s name. She is 6yrs now and I am planing to save money for her future, found this is the best plan. If yes, what is the procedure.
Thanks in advance.
sir,
wishing your sisters daughter good wealth and health. i am lic agent .LIC offers lot of benefit for childrens savings plans like jeevan tharun and childrens money back plan. actual policies offers benefits for aged peoples is completely changed in childrens plans. The maturity amount helps childs education or marriage purposes.so if you are a wellwishers of your sisters daughter take those lic policies reply me to http://[email protected]
excellent plan ,ever launched from L.I.C. Also my sincere gratitude to Mr.Vijay Kumar,who has launched such an excellent site for public.
Can u assit me clearly if I want maturity benefit would near by 40k 50k how much premium I have to pay per month in jeevan lakshya 833 plan
sir,
please tell me — how time pay the tax of the policy jeevan lakshya (plan no- 833) ?
mam,
a very glad welcome, if you are interested to invest in lic for tax savings purpose in single premium please take single premium policies like endownment or bima bachat or jeevan akshay
Premium payable amount is more than 12% extra of SA.
Exp for SA : 5L and for 15 yrs term, we are suppoesed to pay 604455/-
If i am wrong can you anyone assist on this?
please send me all current plans maturity, premium for different sum assured like 1lakh, 2lakh,5lakh in tabular format
aa programme window-8 mobile ma avi sake?
calculation might showing some mistake, premium is to pay maturity term less three years.
we will update it soon sir. thank u
Good plan
yes ,much life in this policy