LIC Nav Jeevan Shree (Plan 912) Calculator
Estimate premiums, Guaranteed Additions, maturity and death benefits (Option I / Option II) for this Non-Par, Non-Linked, Limited-PPT Endowment plan.
Policy Details
Optional Riders
Note: Total rider premiums ≤ 30% of base premium. No riders for POSP/CPSC channel.
Choose A Plan (Premiums)
| Mode | Tabular Annual Premium | Modal Premium (ex-tax) | GA Rate (Base + Incentives) | With Tax |
|---|
Note: Taxes as applicable; may change. Illustration currently shows GST exempt. GA accrues year-end as (Base GA % + incentives) × Total Tabular Annual Premium.
Calculation Details
Maturity Details (Guaranteed)
| Sum Assured on Maturity | Accrued Guaranteed Additions | Total Maturity (Guaranteed) |
|---|
Settlement Option
You may opt to receive maturity in instalments over 5/10/15 years (Yearly/Half-Yearly/Quarterly/Monthly). Minimum instalments: ₹50,000 / ₹25,000 / ₹15,000 / ₹5,000. For options commencing 1 May 2025 – 30 Apr 2026: interest rate 4.62% p.a. (discount rate max 6.62% p.a.).
Benefits Payable to Nominee
Death before risk start (age <8): Refund of Total Premiums Paid (base), no interest.
Death during term after risk start: SAD (per chosen option) + Accrued GA; floor ≥105% of Total Premiums Paid.
Option to receive in instalments 5/10/15 years with same terms as maturity settlement.
Year-wise Policy Details ▼
| Policy Year | Age | Annual Premium (ex-tax) | Guaranteed Addition | Cumulative GA | Death Benefit |
|---|
In death year, full-year GA is credited. For paid-up/surrender, proportionate GA applies as per plan rules.
Important Information
Surrender: Allowed after 1st year (≥1 full premium); GSV after 2 premiums; SSV after 1 year. Pay higher of GSV & SSV.
Paid-up: After ≥1 full premium. Death Paid-up SA = SAD × (premiums paid / premiums payable); floor ≥105% of premiums paid. Maturity Paid-up SA = SAM × (premiums paid / premiums payable). GA continues with reduced rate.
Policy Loan: After 1st year (≥1 full premium). Max: In-force 50%/80% (before/after 2 full years); Paid-up 40%/70%. Interest: 9.50% p.a. comp. HY (for loans 1 May 2025 – 30 Apr 2026).
Grace Period: 30 days (Yearly/Half-Yearly/Quarterly) • 15 days (Monthly).
Revival: Within 5 years from FUP; arrears + interest (9.50% p.a. comp. HY for 2025–26) + continued insurability proof.
POSP/CPSC: Max entry = 65 − term, Max maturity = 65, Max SAD per life ₹25L, No riders, 90-day waiting (non-accidental).
Disclaimers
✓ Guaranteed plan: Benefits (SAD/SAM & GA) are guaranteed; no bonuses/FAB.
✓ Taxes: Levied over & above premium; not considered for benefits; rates may change (illustration currently shows GST exempt).
✓ SSV: Reviewed annually per IRDAI Master Circular (12-Jun-2024).
✓ This is an illustrative calculator. Actual benefits subject to policy terms & conditions.