Can I take a loan in LIC 914 plan?

Yes, loan facility is available after paying premiums for at least 2 years under the LIC New Endowment Plan 914.

What is the age eligibility for LIC 914 plan?

The minimum entry age is 8 years, and the maximum entry age is 55 years. The maximum maturity age is 75 years.

LIC 914 Plan Calculator – Easy Way to Know Benefits

LIC 914 Plan Calculator

This tool uses rules and sample data from the official brochure. Figures marked “estimate” are for illustration only.

Notes

“Annualized premium” excludes taxes, extra premiums, and rider premiums.
Sum Assured on Death = higher of BSA or 7× annualized premium; at least 105% of total premiums paid.
Sum Assured on Maturity = BSA. Bonuses are non-guaranteed.
Loan after paying 2 full years. Surrender possible after paying 2 full years (GSV/SSV rules apply).

LIC New Endowment Plan (Table No. 914) is one of the most popular life insurance policies by LIC of India. It is a non-linked, participating savings plan. It gives life cover. It also gives lump sum maturity benefit.

Many people ask how to know the maturity value, premium, and surrender value in advance. The answer is simple. Use the LIC 914 plan calculator.

What is LIC New Endowment Plan 914?

This plan is also known as LIC New Endowment Plan (UIN: 512N277V02).

It gives two things:

Protection for the family in case of death.
Lump sum savings on maturity.

It also has loan facility. You can add rider benefits. You also get tax benefits under Income Tax Act.

How Does LIC 914 Plan Calculator Work?

The calculator uses few details:

Policyholder Name
Date of Birth
Sum Assured
Policy Term
Premium Mode (Yearly, Half-Yearly, Quarterly, Monthly)
Start Date
Nominee Name
Agent/Advisor Name

From these inputs, you get results like:

Premium Amount
Installment Premium
Maturity Amount
Bonus Rate (estimated)
Death Benefit
Surrender Value
Coverage Period
Rider Benefit
Tax Benefits

This helps the policyholder to plan in advance.

Key Benefits of LIC 914 Plan

Benefit Type	Details
Death Benefit	Higher of Sum Assured or 7 times annual premium + Bonus + Final Bonus. Minimum 105% of premiums paid.
Maturity Benefit	Sum Assured + Bonus + Final Bonus.
Bonus	Simple Reversionary + Final Additional Bonus (if any).
Riders	Accident Benefit, Disability Benefit, Critical Illness, Term Assurance, Premium Waiver.
Loan Facility	Available after 2 years of premium payment.
Tax Benefits	Premium eligible u/s 80C. Maturity under 10(10D) (as per tax laws).

Eligibility & Policy Details

Criteria	Details
Minimum Sum Assured	₹1,00,000
Maximum Sum Assured	No Limit (in multiples of ₹5,000)
Minimum Age at Entry	8 years
Maximum Age at Entry	55 years
Maximum Maturity Age	75 years
Policy Term	12 to 35 years
Premium Payment	Yearly, Half-yearly, Quarterly, Monthly
Grace Period	30 days (15 days for monthly)
Loan Facility	After 2 years of premium payment

Sample Premium Chart (from brochure)

For Basic Sum Assured ₹1,00,000

Age	Term 15 Years	Term 25 Years	Term 35 Years
20 yrs	₹6,978	₹3,930	₹2,754
30 yrs	₹7,007	₹3,994	₹2,881
40 yrs	₹7,139	₹4,239	₹3,249

Why Use LIC 914 Plan Calculator?

It shows your exact premium.
It gives maturity value.
It shows surrender value.
It helps compare benefits with other LIC policies.
It helps in financial planning.

FAQs on LIC 914 Plan Calculator

Q1. How to calculate maturity amount in LIC 914 plan?
You need to add Sum Assured + Bonus + Final Bonus. The calculator gives an estimate.

Q2. What is surrender value in LIC 914?
It is the amount you get if you stop policy after paying minimum 2 years premium.

Q3. Can I take loan in LIC 914?
Yes. Loan is available after 2 years of premium payment.

Q4. What is minimum and maximum age for LIC 914?
Minimum is 8 years. The maximum is 55 years.

Q5. What are the tax benefits in LIC 914 plan?
Premiums are eligible under 80C. Maturity proceeds are tax-free under section 10(10D), as per prevailing tax laws.

Other Related LIC Plan Calculators:

Conclusion

LIC 914 plan calculator is very useful. It helps you know your premium, maturity, and death benefits before purchase. Always check details. Contact LIC agent or branch for final confirmation.

Disclaimer: This LIC 914 Plan Calculator is for educational and illustrative purposes only. Calculations shown are estimates and may differ from actual LIC values. Please visit lic official website or consult LIC or a certified financial advisor before making any investment. Use this tool at your own risk.

LIC 914 Plan Calculator – Easy Way to Know Your Premium & Benefits