LIC Jeevan Umang Calculator (Plan 745)
Find out how much yearly income you will get from Jeevan Umang, from which year, and how much in total.
Illustration only, based on the benefit structure in LIC’s plan brochure. It is not an LIC quotation or benefit illustration. Bonuses are not guaranteed and are not included unless stated. Actual benefits depend on policy terms, premiums paid and LIC’s rules – the policy document prevails.
Get official LIC illustration on WhatsAppWhat you get in Jeevan Umang
In LIC Jeevan Umang (Plan 745) you pay premiums for 15, 20, 25 or 30 years. After the premium paying term ends, LIC pays a survival benefit of 8% of the Basic Sum Assured every year as long as the life assured survives, up to the policy anniversary before age 100. At age 100, the maturity amount (Basic Sum Assured plus bonuses) is paid.
This calculator shows the guaranteed part – the 8% yearly income – so you can plan retirement income. Bonuses are extra and depend on LIC’s yearly declarations.
How this calculator works
- Yearly survival benefit = 8% × Basic Sum Assured.
- First payment: at the end of the premium paying term (your age at entry + premium paying term).
- Payments continue every year up to the policy anniversary before age 100, so the number of payments = 100 − entry age − premium paying term.
- Rules used from the brochure: premium paying term 15/20/25/30 years, minimum Basic Sum Assured ₹2 lakh (multiples of ₹25,000), age at the end of the premium paying term between 30 and 70.
- Not included: bonuses, taxes, riders, and what happens on death or if premiums stop.
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