LIC Plan 178 Maturity Calculator

ByMohibul Islam Posted on Updated on LIC Whole Life Plans, LIC Withdrawn Plan
LIC Plan 178 Maturity Calculator – Jeevan Tarang Whole Life
Plan No. 178  |  UIN: 512N235V01  |  Participating Whole Life Plan

Jeevan Tarang — LIC’s With-Profits Whole Life Plan. Calculate your end-of-accumulation lump sum (BSA + Bonus), guaranteed annual survival benefit (5.5% of SA for life after accumulation period), death cover, and complete year-wise benefit illustration for your existing Plan 178 policy.

Annual SB = 5.5% of SA (for Life) End-of-AP Lump Sum Participating Plan (SRB) Whole Life Cover 80C + 10(10D) Tax Benefits
⚠ Plan 178 is Withdrawn. LIC Jeevan Tarang (Plan 178) was withdrawn from new sales on 1 January 2014. This calculator is for existing policyholders only. Bonus rates used are last declared rates — actual bonuses depend on LIC’s annual declaration which may differ.
ⓘ How Plan 178 — Jeevan Tarang Works:
• Phase 1 — Accumulation Period (10 / 15 / 20 years): Pay premiums and earn Simple Reversionary Bonus (SRB) every year. If you die in this phase: BSA + Vested SRB is paid.
• At end of Accumulation Period (one-time lump sum): BSA + Total SRB + FAB is paid immediately. Premiums stop.
• Phase 2 — Whole Life (after AP until age 100 or death): 5.5% of BSA is paid to you every year for life — guaranteed, at no extra premium.
• Death after AP / Survival to 100: BSA + Loyalty Addition is paid as final lump sum.
• Entry age 0–60 years  |  SA min ₹1 Lakh  |  AP: 10, 15 or 20 years.
Policy Details
Age at policy commencement — 0 to 60 years (last birthday). Minimum 30 days.
₹
Minimum ₹1,00,000. Multiples of ₹5,000. As shown on your policy bond.
The Accumulation Period is the premium-paying term. After this, annual survival benefit of 5.5% of SA begins. Plan 178 offers only these three choices.
Regular: premiums paid throughout the accumulation period. Single: one lump sum at inception.
Premium & Tax Analysis — Optional
ⓘ Enter your premium from your LIC policy bond or receipt to unlock cost analysis, GST breakdown, and 80C savings. Leave blank for benefit illustration only.
₹
Net annual premium before GST, as per your LIC policy schedule.
₹
One-time single premium paid at commencement (before GST).
Mode loading is built into the premium table. Enter the actual annual amount from your policy.
Used to calculate annual 80C tax savings on premium paid.
Used to estimate total survival benefit received over your lifetime. Survival benefit of 5.5% of SA is paid annually from end of accumulation period until this age (or age 100, whichever is lower). Default: 75 years.
₹
Loyalty Addition is a one-time bonus declared by LIC at valuation. It is payable along with BSA at death after the accumulation period or on survival to age 100. It is not guaranteed at policy inception. Enter from your LIC benefit illustration, or leave blank — calculator will show ₹0 for LA in that case.
₹
FAB is a one-time terminal bonus paid at end of accumulation period (along with BSA + SRB lump sum). It is not guaranteed. Enter from LIC benefit illustration or leave blank.
Basic Sum Assured
₹0
Guaranteed from day 1
End-of-AP Lump Sum
₹0
BSA + SRB + FAB
Annual Survival Benefit
₹0
5.5% of SA — every year for life
Est. Total Lifetime Benefit
₹0
AP lump sum + total SB received
Policy Details — LIC Jeevan Tarang (Plan 178)
Plan Name LIC Jeevan Tarang — With-Profits Whole Life Plan (178)
UIN 512N235V01
Plan Type Participating Whole Life — Withdrawn (1 Jan 2014)
Entry Age –
Basic Sum Assured ₹0
Accumulation Period –
Premium Paying Term (PPT) –
Age at End of Accumulation Period –
SRB Rate (FY 2024-25) –
Annual Survival Benefit (5.5% of SA) –
Projected Survival Age (for SB estimate) –
Phase 1 — End-of-Accumulation Period Lump Sum
Basic Sum Assured (BSA) ₹0
SRB Rate –
Annual SRB ₹0
Total SRB (Annual SRB × Accumulation Period) ₹0
Final Addition Bonus (FAB) ₹0
▶ End-of-AP Lump Sum (BSA + SRB + FAB) ₹0
ⓘ This lump sum is paid once at the end of the accumulation period. SRB accrued during all years of the AP is included. FAB is not guaranteed at inception. After receiving this lump sum, no more premiums are required, and the annual survival benefit (5.5% of BSA) begins.
Phase 2 — Annual Survival Benefit (For Life)
Annual Survival Benefit Formula 5.5% of Basic Sum Assured — every year
Annual Survival Benefit (5.5% × BSA) ₹0
SB Starts From Age –
SB Paid Until Age 100 years (or death, whichever is earlier)
Max Possible SB Years (Entry Age to 100) –
Projected SB Years (AP end to projected age) –
▶ Projected Total Survival Benefit (till projected age) ₹0
Maximum Total SB (if survived to age 100) ₹0
ⓘ The annual survival benefit of 5.5% of BSA is guaranteed and continues every year from the end of the accumulation period until the policyholder’s death or age 100, whichever is earlier. There is no cap on the total number of payments or the total amount received — the plan literally pays for life.
Death Benefit — Two Scenarios
Scenario A — Death During Accumulation Period
Death During AP: Formula BSA + Vested SRB at time of death
BSA (Guaranteed) ₹0
+ Vested SRB (full AP estimate) ₹0
▶ Max Death Cover During AP (BSA + Full SRB) ₹0
Actual SRB at death will be only the portion accrued up to that policy year. Full-term estimate shown above. Year-wise table below shows the exact figure for each year.
Scenario B — Death After Accumulation Period
Death After AP: Formula BSA + Loyalty Addition
BSA ₹0
Loyalty Addition ₹0
▶ Death Benefit After AP (BSA + Loyalty Addition) ₹0
ⓘ After the accumulation period, the annual survival benefits (5.5% of BSA) already received are not deducted from the death/maturity benefit — they are yours to keep. The BSA + Loyalty Addition is paid as a separate final lump sum on death or at age 100. If no Loyalty Addition has been entered, ₹0 is shown — actual LA depends on LIC’s valuation declaration.
Maturity at Age 100 — Total Lifetime Estimate
End-of-AP Lump Sum (BSA + SRB + FAB) ₹0
Total Annual SB if Survived to Age 100 ₹0
Final Benefit at Age 100 (BSA + Loyalty Addition) ₹0
▶ Estimated Grand Total (Age 100 scenario) ₹0
Year-wise Benefit Illustration
★ = End of Accumulation Period  |  ✓ = Premium due  |  — = Premium-free, policy active  |  SB = Annual Survival Benefit (5.5% of SA)
Premium & Cost Analysis
Annual Premium (before GST) ₹0
GST (First Year 4.5% / Renewal 2.25%) ₹0
Gross Premium (incl. GST, first year) ₹0
Premium Paying Term –
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 Cost After 80C ₹0
Effective Monthly Cost ₹0 per month
ⓘ GST on endowment/whole life plans: 4.5% first year, 2.25% on renewals (pre-Sep 2025). From 22 September 2025, life insurance premiums are fully GST-exempt. Single premium plans: 2.25% GST (all years). Maturity, survival benefit, and death proceeds are tax-free under Section 10(10D). 80C deduction: up to ₹1,50,000/yr (premium must be ≤ 20% of BSA for older plans).
₹0
Basic Sum Assured
₹0
End-of-AP Lump Sum
₹0
Annual Survival Benefit
₹0
Total SB (Projected Age)
–
Total Premium Paid
–
Return on Premium (Est.)
–
Total 80C Tax Saved
–
Effective Monthly Cost
ⓘ Disclaimer: LIC Plan 178 (Jeevan Tarang) is a withdrawn plan (since 1 Jan 2014). This calculator is for existing policyholders only. Simple Reversionary Bonus (SRB) rates used are FY 2024-25 declared rates for Plan 178 and are not guaranteed for future years — actual bonuses declared by LIC may be higher or lower. Final Addition Bonus (FAB) and Loyalty Addition (LA) are not guaranteed at inception and are only included if entered manually. Annual Survival Benefit of 5.5% of BSA is a guaranteed plan feature. Premium and GST figures are user-entered and illustrative. 80C tax savings are indicative. Always verify with your original LIC policy bond or LIC branch. Not financial advice.

LIC Plan 178 Maturity Calculator: Your Guide to Jeevan Tarang

Hi friends! Have you ever faced difficulties with figuring out your LIC Plan 178 returns? Many people find insurance calculations confusing. This often leads to poor financial decisions. But don’t worry! LIC Plan 178 Maturity Calculator comes to your solution. This calculator tool helps you estimate potential returns easily. 

Let’s dive into how this calculator can simplify your insurance planning and help you make informed choices.

Brief overview of the plan LIC Plan 178 (Jeevan Tarang)

LIC Plan 178, also known as Jeevan Tarang, offers a unique blend of insurance and investment. This whole-life plan provides annual survival benefits after a chosen accumulation period.

Understanding LIC Plan 178 Maturity Calculator

Purpose of the maturity calculator: LIC Plan 178 Maturity Calculator helps estimate potential returns on your policy. It considers various factors to provide a projection of your maturity amount.

How it helps policyholders

This calculator helps you to:

  1. Plan finances better.
  2. Compare different policy options.
  3. Make informed decisions about your insurance investment.

Factors Affecting LIC Plan 178 Maturity Amount

  • Sum Assured: Your chosen sum assured directly impacts the maturity amount. A higher sum assured generally leads to larger returns.

Accumulation Period

  • 10-year option: This short-term option suits those seeking quicker returns.
  • 15-year option: A balanced choice for medium-term financial goals.
  • 20-year option: Ideal for long-term wealth accumulation and maximizing benefits.

Premium Payment Term

You can opt for a single premium, regular payments, or a 6-year term. Each option affects your final maturity amount differently.

Age at Entry

Your age when purchasing policy influences premium amounts and potential returns.

Premium Payment Mode

Choose from yearly, half-yearly, quarterly, or monthly modes. Each impacts your overall investment differently.

How to Use the LIC Plan 178 Maturity Calculator

Step-by-step guide

  1. Locate the Plan 178 calculator (you can find the top on this page)
  2. Enter required details
  3. Click ‘Calculate’
  4. Review the projected maturity amount

Input parameters

Key inputs include:

  • Sum assured
  • Premium payment term
  • Accumulation period
  • Age at entry
  • Premium payment mode

Interpreting the results

Results show the estimated maturity amount, including bonuses.

N.B: Remember, these projections aren’t guaranteed but provide a helpful estimate.

Components of LIC Plan 178 Maturity Benefit

  • Guaranteed Benefits: These include the sum assured and guaranteed additions, providing a secure base return.
  • Simple Reversionary Bonuses: Annual bonuses declared by LIC are added to your policy over time.
  • Loyalty Additions: Extra bonuses reward long-term policyholders, enhancing overall returns.

Sample Calculations Using LIC Plan 178 Maturity Calculator

Example 1: Single Premium Option

For a 35-year-old opting for ₹1,00,000 sum assured with 10-year accumulation:

  • Single Premium: ₹75,600
  • Estimated Maturity Benefit: ₹1,44,500 (at 6% projected rate)

Example 2: Regular Premium Option

For a 35-year-old choosing ₹1,00,000 sum assured with 15-year accumulation:

  • Annual Premium: ₹6,997
  • Estimated Maturity Benefit: ₹1,44,500 (at 6% projected rate)

Advantages of Using LIC Plan 178 Maturity Calculator

  • Accurate financial planning: This helps set realistic expectations and plan your finances accordingly.
  • Comparing different scenarios: Easily compare various policy options to find the best fit for your needs.

Additional Benefits of LIC Plan 178

  • Survival Benefits: Receive annual payouts after the accumulation period ends.
  • Death Benefits: Provides financial security to your family in case of unfortunate events.

Rider Options

  • Accident Benefit Rider: Offers extra coverage for accidental death or disability.
  • Term Assurance Rider: Provides additional life cover at affordable rates.
  • Critical Illness Rider: Offers financial protection against specified critical illnesses.

Tax Benefits Under LIC Plan 178

  1. Premium deduction under Section 80C: Premiums paid qualify for tax deductions up to ₹1.5 lakhs annually.
  2. Tax-free maturity benefits under Section 10(10D): Maturity proceeds are typically tax-free, enhancing your overall returns.

Tips for Maximizing Returns with LIC Plan 178

  • Choosing the right accumulation period: Select based on your long-term financial goals and risk appetite.
  • Selecting the appropriate premium payment term: Consider your current and future income potential when deciding.
  • Opting for suitable rider benefits: Enhance your policy’s value by adding relevant riders matching your needs.

Conclusion

LIC Plan 178 Maturity Calculator proves an invaluable tool for smart financial planning. It simplifies complex calculations, helping you make informed decisions. Remember, while projections provide guidance, actual returns may vary. Always consult a financial advisor for personalized advice.

Related Calculator:

Frequently Asked Questions (FAQs)

What is LIC Plan 178 (Jeevan Tarang)?

Jeevan Tarang offers a mix of insurance and investment with flexible options and whole-life coverage.

How does the LIC Plan 178 Maturity Calculator work?

It uses your inputs like sum assured, age, and premium details to estimate potential returns.

Can I change my premium payment mode after purchasing LIC Plan 178?

Yes, LIC generally allows mode changes on policy anniversaries, subject to terms and conditions.

What happens if I stop paying premiums for LIC Plan 178?

Your policy may lapse or convert to paid-up status, depending on premiums paid and policy terms.

Are the bonuses shown in the maturity calculator guaranteed?

No, bonuses are projections based on past performance and are not guaranteed.

Can I surrender my LIC Plan 178 policy before maturity?

Yes, but surrender values vary based on policy duration and terms.

How is the loyalty addition calculated in LIC Plan 178?

Loyalty additions depend on LIC’s performance and are typically higher for longer-term policies.

Is there a loan facility available with LIC Plan 178?

Yes, LIC offers a loan facility against this policy, subject to terms and conditions.

What is the minimum and maximum entry age for LIC Plan 178?

Entry age ranges from 0 to 60 years, depending on the chosen accumulation period.

How can I check the status of my LIC Plan 178 policy?

Visit LIC’s official website, use their mobile app, or contact your nearest LIC branch for policy status.

Mohibul Islam

Mohibul Islam

LIC Agent & Web Developer

Mohibul 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 »

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