LIC Jeevan Umang Premium Calculator
Plan your financial future with India's most trusted insurance provider
Premium Calculator
Calculate your premium in seconds
Your Premium Plan
Customized plan based on your inputs
Your Policy Benefits
- Survival Benefit: 8% of Sum Assured annually after premium term
- Death Benefit: Sum Assured + Bonuses
- Maturity Benefit: Sum Assured + Bonuses at age 100
- Loan facility available after 3 years
- Tax benefits under Section 80C & 10(10D)
Key Features
- Whole life coverage till age 100
- Limited premium payment term
- Guaranteed survival benefits
- Bonus accumulation
- Loan against policy
- Tax benefits
Eligibility
- Entry Age: 90 days to 55 years
- Policy Term: 15, 20 or 25 years
- Minimum Sum Assured: ₹2,00,000
- Maximum Maturity Age: 100 years
- Premium Payment: Yearly, Half-yearly, Quarterly, Monthly
Benefits
- Death Benefit: Sum Assured + Bonuses
- Survival Benefit: 8% of SA annually from end of PPT till age 99
- Maturity Benefit: SA + Bonuses at age 100
- Loyalty Additions from 10th policy year
- Optional riders available
Note: This calculator provides an estimate of premium for LIC Jeevan Umang plan. Actual premium may vary based on underwriting decisions and other factors. For exact premium and plan details, please contact your LIC agent or nearest branch.
LIC Jeevan Umang Premium Calculator – Smart 2025 Tool for Life Cover & Tax Benefits
The LIC Jeevan Umang policy is one of the most trusted and popular life insurance cum investment plans offered by the Life Insurance Corporation of India. It is a non-linked, with-profits, whole life assurance plan designed to offer both income and protection to policyholders. But while the plan benefits are robust, calculating your premium and expected benefits can be a daunting task. That’s where our LIC Jeevan Umang Premium Calculator comes in.
This free, easy-to-use tool helps users estimate their premium amounts based on key factors like age, sum assured, policy term, and premium payment frequency. It also gives you a detailed breakdown of survival benefits, death cover, maturity returns, and tax-saving potential.
This blog will walk you through everything you need to know about the tool, how to use it, and why it is essential in planning your financial future.
What is LIC Jeevan Umang Policy?
LIC Jeevan Umang is a unique life insurance plan that offers:
- Life cover up to age 100
- Guaranteed annual survival benefits after the premium payment term ends
- Lump sum maturity benefit at age 100 or in case of death
- Participation in LIC’s declared bonuses
This makes it suitable for long-term wealth creation, tax savings, and life protection.
How the LIC Jeevan Umang Premium Calculator Helps
Calculating your premium manually can be complex. It depends on many factors:
- Your age
- The sum assured
- Premium frequency (yearly, half-yearly, quarterly, monthly)
- Duration of policy and premium payment term
The LIC Jeevan Umang Premium Calculator automates this process and shows:
- Annual survival benefits
- Maturity benefit
- Tax deduction eligibility
- Total policy value at different stages
How to Use the LIC Jeevan Umang Premium Calculator
Based on the tool image and interface, follow these simple steps:
- Enter your age using the slider (example: 30 years).
Choose the Sum Assured (₹2,00,000 to ₹50,00,000 or more).
Select the policy term (15, 20, 25, or 30 years).
Pick the payment frequency (Yearly, Half-Yearly, Quarterly, or Monthly).
Click on “Calculate Premium.”
- Estimated annual premium (example: ₹44,520)
- Your policy plan (coverage, benefits, bonus)
Key Features
- Survival Benefit: 8% of Sum Assured is paid annually after the premium payment term until death or maturity.
- Maturity Benefit: Sum Assured + Final Bonuses at age 100.
- Death Benefit: In case of policyholder’s death before maturity, the nominee receives Sum Assured + bonuses.
- Loan Facility: Available after 3 policy years.
- Tax Savings: Under Sections 80C (on premium) and 10(10D) (on maturity).
- Flexible Entry: Eligible for ages 90 days to 55 years
Benefits of LIC Jeevan Umang Policy
- For Young Professionals: Invest early and enjoy compounding benefits
- For Parents: Secure children’s future with long-term cover
- For Retirees: Guaranteed yearly income post premium term
- For Tax Savers: Get maximum deduction and tax-free maturity
Why Use This Calculator?
- To avoid overpaying for life insurance
- To understand policy benefits clearly before investing
- To compare different plan options
- To plan your finances efficiently
Eligibility Criteria
- Minimum Entry Age: 90 days
- Maximum Entry Age: 55 years
- Minimum Sum Assured: ₹2,00,000
- Premium Term Options: 15, 20, 25, or 30 years
- Policy Term: Life cover till age 100
Frequently Asked Questions (FAQs)
Yes, it’s 100% free and doesn’t require any registration.
They are based on LIC's current policy structure. For exact values, consult LIC.
Yes, the calculator allows you to simulate multiple scenarios.
Yes. Premiums are eligible under Section 80C; maturity is under Section 10(10D).
After the premium payment term ends.
No. The tool does not store your input. It is completely secure and anonymous.
For any queries, you can contact us at support@calculatortools.in.
Final Thoughts
The LIC Jeevan Umang Premium Calculator is your perfect digital assistant to plan long-term protection with guaranteed income. Whether you’re investing for your child, planning your retirement, or securing your spouse’s future, this calculator gives you peace of mind with exact premium values and benefit forecasts.
Use it today to understand your policy’s worth and make a smart financial decision for 2025 and beyond.
