LIC Plan 133 Maturity Calculator – Jeevan Mitra (Triple Cover)
Plan No. 133 | UIN: 512N120V01 | Participating Endowment
Jeevan Mitra Triple Cover Endowment Plan — Calculate your maturity benefit (BSA + Bonus), triple death cover (3× Sum Assured + Bonus), year-wise bonus accumulation, and full premium & tax analysis for your existing Plan 133 policy.
Plan 133 is Withdrawn. LIC Jeevan Mitra (Triple Cover) is no longer available
for new policies. This calculator is for existing policyholders to estimate
their maturity benefit, death cover, and bonus accumulation. Bonus rates shown are the last
declared rates — actual bonuses for your policy depend on LIC’s annual declaration.
Key Features of Plan 133 — Jeevan Mitra Triple Cover:
• Triple Death Cover: On policyholder’s death during the term, nominee receives 3× Basic Sum Assured + all vested bonuses.
• Maturity: On surviving the full term, you receive BSA + vested SRB + FAB.
• Accident Benefit Rider: With the ADB rider, death by accident pays 4× BSA + bonuses (1× extra from rider).
• Participating plan — earns Simple Reversionary Bonus (SRB) declared annually by LIC per ₹1,000 SA.
• Entry age 18–50 years | Term 15–30 years | Min SA ₹50,000 | PPT = Policy Term.
• Triple Death Cover: On policyholder’s death during the term, nominee receives 3× Basic Sum Assured + all vested bonuses.
• Maturity: On surviving the full term, you receive BSA + vested SRB + FAB.
• Accident Benefit Rider: With the ADB rider, death by accident pays 4× BSA + bonuses (1× extra from rider).
• Participating plan — earns Simple Reversionary Bonus (SRB) declared annually by LIC per ₹1,000 SA.
• Entry age 18–50 years | Term 15–30 years | Min SA ₹50,000 | PPT = Policy Term.
Policy Details
Age at policy commencement — 18 to 50 years (last birthday)
₹
Minimum ₹50,000. Multiples of ₹5,000. As shown on your policy bond.
15 to 30 years. Entry age + policy term must not exceed 70 years.
Without ADB rider: Death benefit = 3× BSA + bonuses.
Premium & Tax Analysis — Optional
Enter your annual premium from your LIC policy bond or premium receipt to unlock
cost analysis, GST breakdown, and 80C tax savings. Leave blank for benefit
illustration only.
₹
Net annual premium before GST/service tax, as on your policy schedule.
Mode loading is applied on half-yearly (2%), quarterly (3%), monthly (5%) payments over the base yearly premium.
Used to calculate annual 80C tax savings on premium paid.
₹
FAB is a one-time terminal bonus declared by LIC only at maturity or death claim. It is
not guaranteed at inception. Enter from your LIC benefit illustration or leave
blank — results will be shown with and without FAB.
Basic Sum Assured
₹0
Guaranteed from day 1
Estimated Total Bonus (SRB)
₹0
Based on current bonus rates
Total Maturity Benefit
₹0
BSA + SRB + FAB
Death Cover (Triple)
₹0
3× BSA + Bonuses
Policy Details — LIC Jeevan Mitra (Plan 133)
Plan Name & Number
LIC Jeevan Mitra — Triple Cover Endowment (Plan 133)
UIN
512N120V01
Plan Type
Participating Endowment — Withdrawn Plan
Entry Age
–
Basic Sum Assured
₹0
Policy Term
–
Premium Paying Term (PPT)
–
Payment Mode
–
Maturity Age
–
ADB Rider
–
SRB Rate Applied
–
Maturity Benefit — On Surviving Full Term
Basic Sum Assured (BSA)
₹0
SRB Rate
–
Annual SRB
₹0
Total SRB (Annual SRB × Term)
₹0
Final Addition Bonus (FAB)
₹0
▶ Total Maturity Benefit (BSA + SRB + FAB)
₹0
SRB rates are the last declared rates for Plan 133 and are not guaranteed
for future years. Actual maturity may be higher or lower. FAB is not included unless entered.
Death Benefit — Triple Cover (During Policy Term)
Basic Sum Assured (BSA)
₹0
Death SA = 3 × BSA (Triple Cover)
₹0
+ Vested SRB at time of death (full term estimate)
₹0
+ FAB (if applicable)
₹0
▶ Total Death Benefit (3× BSA + SRB + FAB)
₹0
With ADB Rider — Accidental Death Benefit
Death SA (Triple Cover)
₹0
+ ADB Rider Benefit (1× BSA extra on accidental death)
₹0
▶ Accidental Death Total (4× BSA + SRB + FAB)
₹0
The Triple Cover feature means your family receives 3× the Sum Assured
(not just 1×) on your death during the policy term — at no extra premium. The policy also
participates in LIC profits, so the death benefit includes all vested bonuses at time of death.
SRB shown above is a full-term estimate; actual SRB at death will equal the bonus accrued up
to that policy year.
Year-wise Benefit Accumulation
★ = Maturity Year | SRB is estimated at current bonus rates — not guaranteed for future years.
Premium & Cost Analysis
Annual Premium (before GST)
₹0
GST (4.5% first year / 2.25% renewal)
₹0
Annual Premium (incl. GST, first year)
₹0
Premium Paying Term
₹0
Total Premiums Paid (excl. GST)
₹0
Total Premiums Paid (incl. GST)
₹0
Sec. 80C Eligible Deduction (per year)
₹0
Annual Tax Saved (80C)
₹0
Effective Annual Premium After 80C
₹0
Effective Monthly Cost
₹0 per month
GST on endowment plans: 4.5% on first-year premium, 2.25% on all renewal years
(pre-Sep 22, 2025 policies). From 22 September 2025, life insurance premiums are fully
GST-exempt. Maturity and death benefits are tax-free under Section 10(10D).
80C deduction available up to ₹1,50,000 per year (premium ≤ 20% of SA for
older plans issued before April 2012, or 10% of SA for plans issued thereafter).
₹0
Basic Sum Assured
₹0
Est. Maturity Benefit
₹0
Death Cover (3× SA + Bonus)
₹0
Total Estimated Bonus (SRB)
–
Total Premium Paid
–
Return on Premium (Est.)
–
Total 80C Tax Saved
–
Effective Monthly Cost
Disclaimer: LIC Plan 133 (Jeevan Mitra Triple Cover) is a withdrawn plan.
This calculator is for existing policyholders only. Simple Reversionary Bonus (SRB) rates
used are the last known declared rates for Plan 133 and are not guaranteed
for future years — actual maturity may differ. Final Addition Bonus (FAB) is declared by LIC
only at maturity/death and is not included unless entered manually. Death cover of 3× BSA
is the plan’s guaranteed feature. Premiums shown are entered by the user; this calculator
does not compute LIC tabular premiums. GST and 80C figures are illustrative. Always verify
with your original LIC policy bond or your LIC agent/branch for exact benefit figures.
Not financial advice.
LIC Plan 133 – Jeevan Mitra (Triple Cover) Overview
LIC Plan 133, also known as Jeevan Mitra (Triple Cover), is a life insurance plan that offers enhanced financial protection. This endowment assurance plan ensures a payout upon the policyholder’s death or maturity of the policy. Let’s explore its features and benefits.
Key Features of LIC Plan 133
- Premium Payments: You can pay premiums yearly, half-yearly, quarterly, monthly, or through salary deductions.
- Bonuses: This plan shares profits with policyholders. Simple Reversionary Bonuses are added annually, and a Final (Additional) Bonus may be given if the policy meets certain conditions.
- Death Benefit: In case of the policyholder’s death, the nominee receives three times the Sum Assured plus all accrued bonuses.
- Maturity Benefit: If the policyholder survives until the end of the policy term, they receive the Sum Assured plus all accrued bonuses.
- Supplementary Benefits: Additional protection can be added to the basic plan for an extra premium.
Benefits Breakdown
| Feature | Details |
| Premiums | Payable annually, semi-annually, quarterly, monthly, or via salary deductions. |
| Bonuses | Simple Reversionary Bonuses declared yearly, Final Bonus possible after certain conditions. |
| Death Benefit | 3x Sum Assured + accrued bonuses. |
| Maturity Benefit | Sum Assured + accrued bonuses. |
| Supplementary Benefits | Optional add-ons for extra protection. |
| Surrender Value | Available after 3 years. Guaranteed Surrender Value is 30% of premiums paid (excluding the first year). |
| Special Surrender Value | May be more than the Guaranteed Surrender Value, depending on policy duration and premium payment duration. |
Illustration and Examples
Here’s a simple example for a non-smoker male, aged 35, with a Sum Assured of Rs. 1,00,000, paying an annual premium of Rs. 5,453 for 25 years. You can calculate all LIC Plan using LIC Plan Calculator tool. Still We have provided barckdown keypoints LIC Plan 133. Here is below-
| End of Year | Total Premiums Paid | Death Benefit (Guaranteed) | Death Benefit (Scenario 1) | Death Benefit (Scenario 2) | Maturity Benefit (Guaranteed) | Maturity Benefit (Scenario 1) | Maturity Benefit (Scenario 2) |
| 1 | 5,453 | 3,00,000 | 3,02,100 | 3,05,700 | – | – | – |
| 10 | 54,530 | 3,00,000 | 3,21,000 | 3,57,000 | – | – | – |
| 20 | 109,060 | 3,00,000 | 3,56,000 | 4,52,000 | – | – | – |
| 25 | 136,325 | 3,00,000 | 3,69,500 | 4,89,500 | 1,00,000 | 1,69,500 | 2,89,500 |
FAQs
What is the premium payment frequency for LIC Plan 133?
You can pay premiums yearly, half-yearly, quarterly, monthly, or through salary deductions.
How are bonuses calculated in LIC Plan 133?
Bonuses are declared annually as Simple Reversionary Bonuses. A Final Bonus may be added if the policy meets certain conditions.
What is the death benefit under LIC Plan 133?
The nominee receives three times the Sum Assured plus all accrued bonuses.
What happens if I survive the policy term?
You receive the Sum Assured plus all accrued bonuses.
Can I surrender the policy before the term ends?
Yes, surrender value is available after 3 years. The guaranteed surrender value is 30% of premiums paid (excluding the first year).
Conclusion
Finally you got the exact calculation using lic plan 133 maturity calculator. LIC Plan 133 – Jeevan Mitra (Triple Cover) provides robust financial protection with flexible premium payments, bonuses, and substantial death and maturity benefits. It’s a reliable plan for securing your financial future and that of your loved ones.
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Mohibul Islam
LIC Agent & Web DeveloperMohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »