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Jeevan Lakshya (833) Maturity Calculator

Maturity Calculator for LIC's Jeevan Lakshya (Plan No: 833) provides easy way to calculate maturity amount and illustrates Year-Wise amount of risk covers. It uses Parameter like Bonus rate, Final Addition Bonus (FAB) etc which are similar to declared values, not exact and calculations are indicative only. Click here to know about this plan.

Related Calculator: Jeevan Lakshya (933) Maturity Calculator [Modified Plan]

Terms of Service
NEW JEEVAN ANAND PLAN (815)

On survival, that is completion of policy term (25 years ), Maturity will be as under.

MATURITY DETAILS
Maturity Year2045
Age at Maturity55
Sum Assured (A)1000000
Bonus (Approx) (B)1600000
Total Maturity (A+B)2600000
Post Maturity Cover1000000
DEATH CLAIM DETAILS

In case of death during policy term (Before 25 years), 125% of Sum Assured + Bonus acrued till the time of death + Final Additional Bonus (if any) will be paid to nominee as Normal death claim. In case of accidental death (if Accidental Rider is opted for), additional amount equal to Sum Assured along with Normal Death claim will also be paid to nominee. Policy year-wise and Age-wise Normal Life Covers and Accidental Life Covers are illustrated in the following table.

Year Age Normal Life Cover (Approx) Accidental Life Cover (Approx) Return (Approx)
2021 31 1296000 2296000 --
2022 32 1342000 2342000 --
2023 33 1388000 2388000 --
2024 34 1434000 2434000 --
2025 35 1480000 2480000 --
2026 36 1526000 2526000 --
2027 37 1572000 2572000 --
2028 38 1618000 2618000 --
2029 39 1664000 2664000 --
2030 40 1710000 2710000 --
2031 41 1756000 2756000 --
2032 42 1802000 2802000 --
2033 43 1848000 2848000 --
2034 44 1894000 2894000 --
2035 45 1960000 2960000 --
2036 46 2011000 3011000 --
2037 47 2062000 3062000 --
2038 48 2113000 3113000 --
2039 49 2174000 3174000 --
2040 50 2240000 3240000 --
2041 51 2316000 3316000 --
2042 52 2412000 3412000 --
2043 53 2558000 3558000 --
2044 54 2704000 3704000 --
2045 55 Maturity 2600000
2045+ 55 + 1000000 1000000 --

Related Link: Jeevan Anand (815) Paid-up Calculator

Comments & Reviews (30)

Wrote :

03-05-2022 00:02:04

I got Jeevan Lakshya policy and paid only four premium Rs 66388 with rider and after could not pay the remaining premium due to the agent issue. May i get this amount at the time of maturity

Wrote :

04-05-2022 09:48:18

If premium payment is stopped after 4 policy years, your policy automatically becomes paid-up and benefits of the policy will reduced. The sum assured will reduced by a factor of total premium paid/total premium to be paid. At the maturity, you will get reduced sum assured + accrued for 4 years.

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Wrote :

24-03-2022 14:48:36

I got Jeevan Lakshya policy and paid only one premium Rs 76845 with rider and after could not pay the remaining premium due to the agent issue. may i get this amount at the time of maturity

Wrote :

24-03-2022 22:01:33

No, policy must complete successful 3 years for eligibility of any surrender or paid-up value.

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Wrote :

17-01-2022 09:51:39

Hi sir, I took Jeevan Lakshaya plan 833 for 18 years, How many years I should pay premium? What will be the final maturity amount that will be paid to me at the end?

Wrote :

20-01-2022 12:31:46

In Jeevan Lakshya, Premium Paying Term (PPT) is 3 years less than policy term. You can use above calculator to know associated benefit of your plan.

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Wrote :

23-07-2020 05:35:26

In Jeevan Lakshya, if after 1 year death happens to policy holder then premium will be waived off?

Wrote :

25-07-2020 21:04:10

Yes, no further premium will be required to be paid, and nominee will start getting 10% of BSA every year on policy anniversary till one year prior to maturity date and 110% of BSA + Bonus +FAB on maturity.

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Wrote :

17-07-2020 09:58:43

Hi, I have jeevan lakshy policy, i want to know about the loan facility in this policy. Plz tell me.

Wrote :

17-07-2020 15:09:12

Yes, LIC Jeevan Lakshya Policy has loan facility, you can avail loan after 3 successful policy years.

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Wrote :

26-05-2020 11:37:52

Will the maturity amount for this policy taxable?

Wrote :

27-05-2020 10:26:45

It will be tax free.

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Wrote :

02-04-2020 17:20:03

I bought lic policy 833 in oct.2019 SA 10 Lakh with both rider. What happened if my death in April 2020. How many benefits get nominee

Wrote :

03-04-2020 00:24:52

Please try Jeevan Lakshya Maturity calculator. Though this calculator is for 2020 onwards, but you can input 2020 as year of buying to generate illustration for your plan, it will show complete details of your plan. In case of any further questions, please write back.

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Wrote :

25-03-2020 17:41:57

In view of family protection term insurance is best for high sum assured with low premium .

Wrote :

26-03-2020 12:56:30

Yes, term insurance is basic for every bread earner.

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Wrote :

13-02-2020 00:27:17

Will installments will be needed to be paid by nominee after death of policy holder in Jeevan Lakshya?

Wrote :

15-02-2020 22:53:55

No, further premiums will not be required to be paid.

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Wrote :

25-11-2019 15:59:44

how to calculate maturity in jeewan lakshya policy.

Wrote :

25-11-2019 22:15:08

Please use following link.
Jeevan Labh Maturity Calculator

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Wrote :

31-01-2019 22:40:25

Hi, Currrently I am working in overseas. I would like to obt jeevan lakshya policy. Kindly let me know whether medical tests are required to be attend.

Wrote :

01-02-2019 20:03:27

It will depend upon the amount of sum assured your are looking for, in general, your have to be in India to purchase the policy in your name.

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Wrote :

20-01-2019 23:22:47

Is maturity amount mentioned in the policy?

Wrote :

21-01-2019 12:53:13

No, exact maturity amount will not be mentioned on the policy document.

Wrote :

21-01-2019 13:36:05

On the maturity date while claiming what proof do I have that I owe the said MATURITY AMOUNT if its not mentioned in the Policy?

Wrote :

22-01-2019 08:56:10

Maturity in this plan will be 110% of sum assured + Bonus + FAB. Bonus is declared for each policy year during policy term and keeps accumulating and paid at maturity. FAB is applicable for year of maturity. Both (Bonus + FAB) are available on LIC website.

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Wrote :

11-12-2018 02:18:32

I am engineer by profession ,want to take jeevan lakshay policy SA 700000.do I require medical test??my health is ok

Wrote :

13-12-2018 12:48:47

Medical examinations requirement will also depend on other parameters, in normal conditions medical test will not be required in your case. But if you are opting term rider with this plan, then medical test will be must.

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Wrote :

10-09-2018 13:11:35

Hi sir, I am working as an assistant professor in engineering college, wants s.a.7.5 Lakhs,. Is there medical test required in Jeevan lakshay with term rider.

Wrote :

10-09-2018 20:49:28

For term rider medical is required.

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Wrote :

01-08-2018 17:05:52

as i have been told by an agent that if you die with an accident then nominee will get approx 800000+ 40000 also nominee will get maturity benefits ???

Wrote :

01-08-2018 21:21:53

What are term and sum assured of your policy?

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Wrote :

30-04-2018 10:31:28

If someone takes jeevan lakshya policy 833 with term riders & he dies within one year then will he/she be applicable for benefits like term rider amount, 10% SA per year & after maturity amount?

Wrote :

02-05-2018 17:05:53

yes, if term rider has been taken, then term rider sum assured (Generally equal to sum assured of basic plan) is paid immediately and from next policy anniversary nominee receives 10% of sum assured on each policy anniversary till one year before maturity and at maturity 110% of BSA + Bonus + FAB is also paid.

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Wrote :

24-03-2018 18:09:12

I want to S.A.-1000000/-than medical test is compulsory. please tell me.

Wrote :

24-03-2018 23:45:14

It is not compulsory, it will depend on your work profile and health condition, please apply for it, LIC will let you know if any tests are required or not. Please note, Jeevan lakshya provide risk cover as 110% of basic sum assured, so 10,00,000 will have risk cover as 11,00,000.

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Wrote :

11-03-2018 15:46:57

I have suffered tuberculosis in the yr of 2016,treatment completed in 2017,should I disclosed this in policy form before taking lic jeevan lakshya ,now I am totally fit.still I need to disclosed, pls advise ,SA-5lakh

Wrote :

12-03-2018 13:22:24

Yes, you should declare it while taking policy.

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Wrote :

24-02-2018 01:51:59

My age is 33 Sum assured amount 50000 Jeevan lakshya policy. I m accountant Medical test required

Wrote :

24-02-2018 20:42:52

In general, you do not have to go through medical test.

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Wrote :

16-02-2018 22:22:56

I am a doctor ,wants s.a.5000000,,, Is there medical test required in Jeevan lakshay

Wrote :

18-02-2018 11:10:14

Yes, medical test will be required.

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Wrote :

30-10-2017 11:10:19

Any Medical tests Required for this policy&term rider for Age 42yrs

Wrote :

30-10-2017 18:11:02

How muuch sum assured you are looking for and what is your profession?

Wrote :

30-10-2017 21:12:54

Thank u for reply For 10,00,000 Medical profession -Doctor

Wrote :

31-10-2017 11:15:33

Medical test will not be required in your case.

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Wrote :

14-08-2017 11:50:52

Good morning, I have a little confusion about taxation on maturity amount i did my policy for 18 year jee van lakshay sum insured 2000000 my question on maturity date money deposited in my account and i kept money for 2 year in bank so it will be taxable on second year.

Wrote :

14-08-2017 17:16:20

Maturity amount deposited will not be taxable but interest earned on the deposit will taxable.

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Wrote :

12-07-2017 12:07:26

what is the maturity value of premium Rs 6400 per month in the Jeevan Lakshya policy

Wrote :

12-07-2017 15:26:45

Maturity depends on Sum Assured and policy term, please find it on your policy document or premium receipt it will be indicated like 833-21-18, where 833 is table or plan number of jeevan lakshay, 21 is policy term and 18 will be premium paying term. Sum Assured will also be indicated on above said documents.

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Wrote :

04-07-2017 13:19:25

IF I TAKEN JEEVAN LAKSHYA (833) SA 400000 , TERM20, PPT 17 YEAR, AFTER FINAL MATURITY, CAN I RECEIVED MONTHLY PENSION (AFTER MATURITY) LONG LIFE

Wrote :

06-07-2017 11:29:56

This plan will provide one time lump sum maturity amount on completion of 20 year not pension. You may buy pension plan available at that time.

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Wrote :

19-04-2017 11:11:35

If i purchase LIC Jeevan Lakshya for 16 Years. Howmany years , i have to pay premium.

Wrote :

19-04-2017 13:00:51

Premium payment term in jeevan lakshay is 3 year less than policy term. So, premium paying term in your case will be 13 (16-3).

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Wrote :

10-03-2017 11:17:36

Sir, i have purchased jeevan anand (149) in march 2011..i would like to know about normal life cover and accidental life cover.. It means which conditions (disease) are covered in normal life and accident life cover...

Wrote :

10-03-2017 20:13:04

Disease leads to death is a normal death while an road accident leads to death is accidental death.

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Wrote :

03-03-2017 08:29:52

On death of policy holder ...what amt paid at death time ...jiwan lakshya...sum asrd 1000000....25 yr policy term

Wrote :

03-03-2017 20:54:02

Suppose policy was taken in year 2015, maturity will happen in year 2040. In case of death before 2040, for example, if death happens in year 2020, then policy holder's nominee will get 1,00,000 (10% of SA) per year from 2021 (next policy anniversary) to 2039. and again on maturity (in 2040) maturity amount will also paid.

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Wrote :

08-01-2017 17:19:29

I need premium calculation details for Jeevan Lakshya policy from lic for 10 lakh sum assured

Wrote :

08-01-2017 19:49:56

Please use Premium Calculator of LIC Jeevan Lakshay (833) to calculate premium as per your Sum Assured, Term and Age.

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Wrote :

03-01-2017 00:14:27

I have taken this policy ....and how would I come to know that the accidental and disability or term rider is in policy or not..

Wrote :

03-01-2017 00:24:30

You can look for Policy document to find it or you can simply use premium calculator to know your premium to know, please note premium here on this site is inclusive of accidental Rider.

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Wrote :

17-10-2015 10:59:54

when will 10% sum assured starts if unfortunately death happens on first , second , or third year of policy purchsae

Wrote :

17-10-2015 11:03:13

From next policy anniversary, for example if, some has taken policy in may-2015 and death happens in Oct-2015 then first 10% will be payable in May-2016.

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