LIC Endowment Plan Calculator
Find the right LIC endowment plan or deep-analyse your existing policy — maturity benefit, death benefit, year-wise bonus or guaranteed addition accumulation, GST, and 80C tax savings across all 10 active LIC endowment and savings plans.
• New Endowment (714) — Participating. Regular pay. Age 8–55. Term 12–35 yrs. Min ₹1L.
• New Jeevan Anand (715) — Participating + Whole Life. Regular pay. Age 18–50. Term 15–35 yrs. Min ₹2L.
• Single Prem. Endowment (717) — Participating. Single premium. Age 90 days–65 yrs. Term 10–25 yrs.
• Jeevan Lakshya (733) — Participating. PPT = Term−3. Age 18–50. Term 13–25 yrs. Annual income on death.
• Jeevan Labh (736) — Participating. Limited PPT. Age 8–59. Terms: 16/21/25 yrs only. Min ₹2L.
• Bima Jyoti (760) — Non-Participating. GA ₹50/₹1000/yr. PPT = Term−5. Age 90 days–60. Term 15–20 yrs.
• Jeevan Azad (768) — Non-Participating. No GA. PPT = Term−8. Age 90 days–50. SA ₹2L–₹5L.
• Amritbaal (774) — Non-Participating. GA ₹80/₹1000/yr. Children’s plan. Child age 0–13. Maturity age 18–25.
• Nav Jeevan Shree SP (911) — Non-Participating. GA ₹85/₹1000/yr. Single premium. Age 90 days–60. Term 5–20 yrs.
• Nav Jeevan Shree (912) — Non-Participating. GA 8.5–9.5% of premium/yr. Limited PPT 6/8/10/12 yrs. Min ₹5L.
Note: From 22 September 2025, life insurance premiums are fully exempt from GST. Enter your net premium (before GST) if your policy started before that date.
LIC’s Endowment Plan Calculators
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LIC Endowment Plan Calculator – Calculate Premium, Maturity & Bonus Online
Do you want to calculate LIC endowment policy? Yes. You are in the right place. In this blog I have provided you all LIC Endowment Plan Calculator with guide. Before calculate I request you to read the whole article to know more about LIC Endowment Plans and how to calculate it using our LIC plan calculator tool.
Whether you’re planning for your family’s future, your child’s education, retirement, or long-term savings, using the calculator gives you a clearer picture of what your policy may deliver.
What Is an LIC Endowment Plan?
An LIC Endowment Plan is a participating life insurance policy that combines life protection with long-term savings.
If the life assured survives until the end of the policy term, LIC pays the maturity benefit according to the policy conditions. If the policyholder passes away during the policy term, the nominee receives the applicable death benefit.
Unlike pure term insurance, an endowment plan provides both insurance protection and a maturity payout, making it a popular option for people who want financial security along with disciplined savings.
Many LIC endowment plans also participate in LIC’s profits through Vested Simple Reversionary Bonus and Final Additional Bonus (FAB), which can increase the final maturity amount.
What Is the LIC Endowment Plan Calculator?
The LIC Endowment Plan Calculator is a free online tool designed to estimate your policy benefits before you purchase an LIC endowment policy.
Instead of calculating premiums and maturity values manually, simply enter your policy details and the calculator instantly generates estimated results.
It helps answer common questions such as:
- How much premium will I pay?
- What could be my maturity amount?
- How much bonus may I receive?
- Which policy term offers better value?
- Which LIC endowment plan suits my financial goals?
Using the calculator before purchasing a policy helps you compare multiple options and choose the plan that best fits your budget.
Premium Calculation Results
The calculator estimates:
- Annual Premium
- Half-Yearly Premium
- Quarterly Premium
- Monthly Premium
- Total Premium Payable
Maturity Value Results
It also provides an estimate of:
- Basic Sum Assured
- Estimated Vested Simple Reversionary Bonus
- Estimated Final Additional Bonus (if applicable)
- Estimated Maturity Value
- Estimated Total Policy Benefits
Important: Bonus values shown by the calculator are estimates only. Actual bonuses depend on LIC’s future bonus declarations and are not guaranteed.
Key Features
- Life insurance protection
- Guaranteed Basic Sum Assured
- Maturity benefit on policy completion
- Participation in LIC bonuses
- Loan facility (subject to policy conditions)
- Surrender value after acquiring eligibility
- Tax benefits under applicable provisions of the Income-tax Act
How Does the LIC Endowment Plan Calculator Work?
Our LIC Endowment Plan Calculator is designed to help you find the right policy and estimate its benefits in just a few simple steps. You can either use the Plan Finder to discover the most suitable LIC endowment plan or switch to Policy Analyser to calculate premiums, maturity value, bonus, tax savings, and other policy benefits.
Option 1: Use the Plan Finder
If you’re not sure which LIC endowment plan is right for you, start with the Plan Finder.
Step 1: Enter Your Age
Enter your current age in completed years.
Note: If you’re checking eligibility for LIC Amritbaal (Plan 774), enter the child’s current age (0–13 years).
Step 2: Enter Your Target Savings or Sum Assured
Enter the amount you want to save or the basic sum assured you wish to purchase.
Step 3: Click Find My Plan
The calculator instantly analyzes your inputs and recommends the most suitable LIC endowment plans based on your age, savings goal, and eligibility.
Option 2: Use the Policy Analyser
If you’ve already selected an LIC endowment plan or have a policy quotation, switch to the Policy Analyser for a detailed benefit calculation.
Step 1: Select Your LIC Endowment Plan
Choose the policy you want to calculate from the available plans, including:
- LIC New Endowment (714)
- LIC New Jeevan Anand (715)
- LIC Single Premium Endowment (717)
- LIC Jeevan Lakshya (733)
- LIC Jeevan Labh (736)
- LIC Bima Jyoti (760)
- LIC Jeevan Azad (768)
- LIC Amritbaal (774)
- LIC Nav Jeevan Shree SP (911)
- LIC Nav Jeevan Shree (912)
The calculator automatically loads the eligibility rules and policy details for your selected plan.
Step 2: Enter Policy Details
Provide the required information:
- Entry Age
- Basic Sum Assured
- Policy Term
These details are used to estimate your premium, maturity benefit, and policy returns.
Step 3: (Optional) Enter Your Annual Premium
If you already have an LIC quotation or policy schedule, enter your annual premium before GST.
Leaving this field blank allows the calculator to estimate policy benefits using the standard plan assumptions.
Step 4: Select Premium Payment Mode
Choose your preferred premium payment frequency:
- Yearly
- Half-Yearly
- Quarterly
- Monthly
The available payment modes vary depending on the selected LIC plan.
Step 5: Select Your Income Tax Slab
Choose your applicable income tax slab:
- 30%
- 20%
- 10%
- Nil
The calculator uses this information to estimate your potential Section 80C tax savings on eligible premium payments.
Step 6: (Optional) Enter Final Additional Bonus (FAB)
If your LIC benefit illustration mentions a Final Additional Bonus (FAB), enter the amount here.
If you don’t know the FAB, simply leave the field blank. The calculator will still estimate your maturity value based on the available information.
Step 7: Click Calculate Benefits
After entering all the required details, click Calculate Benefits.
Within seconds, the calculator generates a detailed analysis, including:
- Premium Details
- Estimated Maturity Value
- Death Benefit
- Vested Simple Reversionary Bonus
- Final Additional Bonus (if entered)
- Total Policy Benefits
- Estimated Section 80C Tax Savings
- GST Breakdown (where applicable)
This detailed analysis helps you compare LIC endowment plans and understand your expected policy benefits before making a purchase decision.
What Does the Calculator Estimate?
Depending on the selected LIC policy, the calculator may estimate:
| Calculation | Purpose |
| Premium | Estimated premium payable |
| Maturity Value | Estimated maturity benefit |
| Bonus | Estimated Vested Simple Reversionary Bonus |
| Final Additional Bonus | Estimated FAB where applicable |
| Death Benefit | Estimated life cover payable |
| Total Premium | Total premium during the policy term |
Results vary depending on the selected LIC endowment plan because each plan has different premium structures, policy terms, and benefit provisions.
How Is LIC Endowment Plan Maturity Calculated?
For most participating LIC endowment plans, the maturity benefit generally consists of:
Maturity Benefit = Basic Sum Assured
+ Vested Simple Reversionary Bonus (if declared)
+ Final Additional Bonus (if applicable)
The calculator estimates these values automatically using your policy details.
Since future bonus declarations cannot be predicted, the maturity amount displayed should be treated as an estimate rather than a guaranteed payout.
Sample LIC Endowment Plan Calculation
The example below shows how the calculator works.
| Particular | Example |
| Age | 30 Years |
| Sum Assured | ₹10,00,000 |
| Policy Term | 20 Years |
| Premium Payment | Regular Premium |
| Estimated Annual Premium | Depends on the selected plan |
| Estimated Bonus | Based on available bonus rates |
| Estimated Maturity Value | Calculated automatically |
This example is provided for illustration purposes only. Actual premiums, bonuses, and maturity benefits vary according to the selected LIC plan, underwriting decisions, applicable taxes, policy conditions, and future bonus declarations.
Why You Should Use an LIC Endowment Plan Calculator
Purchasing life insurance without estimating the long-term benefits can lead to unrealistic expectations.
Using the calculator before buying a policy helps you:
- Estimate your premium before purchasing
- Understand your expected maturity value
- Compare different LIC endowment plans
- Plan your long-term savings goals
- Estimate bonus benefits
- Choose a policy that fits your budget
A few minutes spent using the calculator today can help you make a better financial decision for years to come.
Popular LIC Endowment Plans You Can Compare
One of the biggest advantages of using an LIC Endowment Plan Calculator is that you can compare multiple LIC plans before making a final decision. Every policy has different eligibility conditions, premium structures, policy terms, and benefits.
Instead of estimating returns manually, the calculator lets you compare plans side by side using the same inputs, making it easier to choose the policy that best matches your financial goals.
Some of the most popular LIC endowment plans include:
- LIC Single Premium Endowment (Plan 717)
- Lic New Endowment (Plan 714)
- LIC New Jeevan Anand (Plan 715)
- LIC’s Jeevan Lakshya (Plan 733)
- LIC’s Jeevan Labh (Plan 736)
- LIC’s Amritbaal (Plan 774)
Using the calculator before purchasing any of these plans helps you understand expected premiums, maturity values, and overall policy benefits.
Benefits of Using the LIC Endowment Plan Calculator
The calculator is more than just a premium estimator. It helps you make informed financial decisions before investing in a long-term insurance policy.
Estimate Premium Before Buying
Know approximately how much premium you may need to pay based on your age, policy term, and sum assured. This allows you to choose a policy that comfortably fits your monthly or yearly budget.
Compare Multiple LIC Plans
Different LIC endowment plans offer different benefits. The calculator makes it easy to compare premiums, maturity values, and policy features without complicated manual calculations.
Estimate Maturity Value
The calculator provides an estimated maturity value by considering the Basic Sum Assured and projected bonus benefits where applicable. This helps you understand the potential value of your investment over time.
Understand Long-Term Returns
Changing the policy term or sum assured can significantly affect your expected returns. The calculator allows you to compare different scenarios before making your final decision.
Save Time and Reduce Errors
Manual calculations can be confusing and time-consuming. The calculator performs the calculations instantly, reducing the chances of mistakes.
Factors That Affect LIC Endowment Plan Calculations
Several factors influence your premium and estimated maturity value.
Age at Entry
Age plays a major role in premium calculation.
Generally, younger policyholders pay lower premiums than older applicants for the same sum assured because the insurance risk is lower.
Sum Assured
The sum assured is the guaranteed life cover provided under the policy.
A higher sum assured usually results in:
- Higher premium
- Higher maturity benefit
- Higher death benefit
Choose a sum assured that adequately protects your family’s financial needs while remaining affordable.
Policy Term
The policy term determines how long your policy remains active.
Longer policy terms generally provide more time for bonus accumulation, although they also require a longer financial commitment.
Select a policy term that aligns with your long-term financial objective, such as retirement, children’s education, or wealth creation.
Premium Payment Term
Some LIC endowment plans require premiums throughout the policy term, while others offer limited premium payment options.
The chosen premium payment term affects both your premium amount and payment schedule.
LIC Bonus Declaration
Most participating LIC endowment plans are eligible for:
- Vested Simple Reversionary Bonus
- Final Additional Bonus (FAB), where applicable
These bonuses are declared by LIC from time to time and are not guaranteed. Actual maturity benefits depend on the bonuses declared during the policy period.
Tax Benefits of LIC Endowment Plans
Besides providing life insurance and long-term savings, LIC endowment plans may also offer tax benefits under the Income-tax Act, 1961, subject to the applicable provisions in force.
Section 80C Benefit
Eligible premiums paid toward an LIC endowment policy may qualify for deduction under Section 80C, subject to the prescribed limits and conditions.
Section 10(10D) Benefit
If the policy satisfies the applicable conditions under the Income-tax Act, the maturity proceeds may qualify for exemption under Section 10(10D).
Since tax laws may change over time, always verify the latest provisions with a qualified tax professional before making financial decisions.
LIC Endowment Plan vs Other Investment Options
Every investment serves a different purpose. The table below provides a general comparison between LIC endowment plans and other popular savings options.
| Feature | LIC Endowment | PPF | Fixed Deposit | Mutual Fund |
| Life Insurance Cover | Yes | No | No | No |
| Long-Term Savings | Yes | Yes | Yes | Yes |
| Guaranteed Basic Sum Assured | Yes | N/A | N/A | No |
| Bonus Eligibility | Yes (Participating Plans) | No | No | No |
| Market Risk | Very Low | Very Low | Very Low | Moderate to High |
| Tax Benefits | Eligible | Eligible | Limited | Depends on Investment Type |
If your goal is guaranteed life insurance protection along with disciplined long-term savings, an LIC endowment plan can be a suitable choice.
Common Mistakes to Avoid
Many buyers focus only on premium affordability and overlook other important policy features.
Avoid these common mistakes before purchasing an LIC endowment policy.
Buying Without Comparing Plans
Each LIC endowment plan has different features, eligibility conditions, and benefits.
Always compare multiple plans before making your final decision.
Choosing an Inadequate Sum Assured
Selecting a low sum assured simply to reduce premiums may leave your family financially underprotected.
Choose adequate life cover based on your income, liabilities, and future financial responsibilities.
Ignoring the Policy Term
Your policy term should match your financial objective.
For example:
- Child education planning usually requires a longer policy term.
- Retirement planning may require a different investment horizon.
Assuming Bonuses Are Guaranteed
The Basic Sum Assured is guaranteed according to the policy terms.
However, Vested Simple Reversionary Bonus and Final Additional Bonus depend on LIC’s future bonus declarations and should not be treated as guaranteed amounts.
Expert Tips Before Buying an LIC Endowment Plan
A little planning before purchasing a policy can help you maximize its long-term value.
- Always use the LIC Endowment Plan Calculator before buying any policy.
- Compare at least three different LIC endowment plans.
- Select a policy term that matches your financial goals.
- Buy sufficient life cover instead of focusing only on lower premiums.
- Review the official LIC benefit illustration before making your final decision.
- Pay premiums on time to keep your policy active and eligible for full benefits.
Is the LIC Endowment Plan Calculator Accurate?
The calculator provides reliable estimates based on the information entered and the selected LIC plan.
However, the final premium, maturity value, bonus, surrender value, and policy benefits are determined according to:
- Official LIC policy terms
- Underwriting decisions
- Applicable taxes
- Future bonus declarations
- Plan-specific conditions
Use the calculator as a planning tool, and always verify the final policy illustration before purchasing your LIC policy.
Frequently Asked Questions (FAQs)
What is an LIC Endowment Plan Calculator?
An LIC Endowment Plan Calculator is a free online tool that estimates premiums, maturity value, bonus, and other policy benefits for LIC endowment plans. It helps you compare different policies and understand your expected returns before purchasing a plan.
How does the LIC Endowment Plan Calculator work?
The calculator uses information such as your age, sum assured, policy term, premium payment term, and premium frequency to estimate your premium and maturity benefits. The calculations are based on the selected LIC plan and its applicable policy rules.
Is the maturity value shown by the calculator guaranteed?
Not entirely. The Basic Sum Assured is guaranteed according to the policy terms. However, Vested Simple Reversionary Bonus and Final Additional Bonus (FAB) depend on LIC’s future bonus declarations and are not guaranteed in advance.
Can I compare different LIC endowment plans?
Yes. The calculator allows you to compare estimated premiums, maturity values, and policy benefits for multiple LIC endowment plans. This makes it easier to select the policy that best suits your financial goals.
Does the calculator include bonus estimates?
Yes. For participating LIC endowment plans, the calculator estimates Vested Simple Reversionary Bonus and Final Additional Bonus (where applicable). These are projected values and may differ from the actual bonus declared by LIC.
Is the LIC Endowment Plan Calculator free to use?
Yes. Our calculator is completely free to use. You can calculate premiums and maturity values as many times as needed without any registration or hidden charges.
Can I calculate surrender value using this calculator?
Depending on the selected policy, the calculator may also provide an estimated surrender value.
The actual surrender value depends on several factors, including:
- Policy type
- Number of premiums paid
- Guaranteed Surrender Value provisions
- Special Surrender Value (if applicable)
- LIC’s policy conditions
Are the calculator results accurate?
The calculator provides reliable estimates for planning purposes.
However, the final premium, maturity value, bonus, surrender value, and other policy benefits are determined according to the official LIC policy terms, underwriting decisions, applicable taxes, and future bonus declarations.
Final Thoughts
The LIC Endowment Plan Calculator is one of the easiest ways to estimate your premium, maturity value, bonus, and overall policy benefits before investing in an LIC policy.
Instead of relying on assumptions, you can compare multiple LIC endowment plans, understand your expected returns, and choose a policy that fits your financial goals and budget. Whether you’re saving for retirement, your child’s future, wealth creation, or family protection, using the calculator helps you make a more informed decision.
Before purchasing any LIC policy, always review the official benefit illustration and policy brochure in addition to the calculator results. Spending a few minutes comparing plans today can help you make a better financial decision for the future.
Start using our LIC Endowment Plan Calculator today and estimate your premium, maturity value, and policy benefits with confidence.
Disclaimer
The LIC Endowment Plan Calculator is provided for educational and informational purposes only. The premium, maturity value, bonus, surrender value, and other policy benefits displayed by the calculator are estimated values based on the information entered by the user.
Before purchasing any insurance policy, please verify all details through the official LIC website, an authorized LIC branch, or a licensed LIC agent.