Calculate your Yearly, Half Yearly, Quarterly and Monthly premium with service tax for LIC Jeevan Umang (Table No: 845). Premium calculator also provides option to include Accidental Death & Disability Benefit rider's premium with base plan.

This policy is not giving at least 4% returns
Premium Paying years Accumulated Premium Interest Rate Interest Amount Year End Amount with Interest
1.00 122,804.00 6.00% 7,368.24 130,172.24
2.00 252,976.24 6.00% 15,178.57 268,154.81
3.00 390,958.81 6.00% 23,457.53 414,416.34
4.00 537,220.34 6.00% 32,233.22 569,453.56
5.00 692,257.56 6.00% 41,535.45 733,793.02
6.00 856,597.02 6.00% 51,395.82 907,992.84
7.00 1,030,796.84 6.00% 61,847.81 1,092,644.65
8.00 1,215,448.65 6.00% 72,926.92 1,288,375.57
9.00 1,411,179.57 6.00% 84,670.77 1,495,850.34
10.00 1,618,654.34 6.00% 97,119.26 1,715,773.60
11.00 1,838,577.60 6.00% 110,314.66 1,948,892.26
12.00 2,071,696.26 6.00% 124,301.78 2,195,998.03
13.00 2,318,802.03 6.00% 139,128.12 2,457,930.16
14.00 2,580,734.16 6.00% 154,844.05 2,735,578.21
15.00 2,858,382.21 6.00% 171,502.93 3,029,885.14
After 15 years our aount will be 30,29,885/-
it you calculate 8% 2,44,000/- per year
but you are paying only 1,20,000/-
waste policy

Wrote :

08-12-2018 13:38:37

It is 8% of sum assured every year after completion of premium paying term, not 8% return on investment. It also provides death cover during policy term and maturity at 100.

Jeevan Umang (845) High Basic Sum Assured rebate is given or not? Just now I used your premium calculator where in premium arrived is Rs.16760/- for sum assured of 2 lacs with
Premium with AD &DB rider & TERM RIDER & DAB BENEFIT

Wrote :

28-08-2018 22:33:23

Yes, there is High Sum Assured Rebate in Jeevan Umang. Calculated Premium is after deducting High Sum Assured Rebate and premium payment mode rebate.

Please clarify whether your premium calculation under plan Jeevan Umang (845) High Basic Sum Assured rebate is given or not? Just now I used your premium calculator where in premium arrived is Rs.195610 for sum assured of 25 lacs with ABDB rider but as per LIC chart it works out Rs.192985. Please also clarify the rate for ABDB rider.
Kudos for your web site.
S.V.SUDHARSANAM

Wrote :

01-09-2017 09:51:05

Above premium is after all rebates. As per your case of SA- 2500000, term-15, and age-35 following will be the calculation.
Base Premium: 191735
Premium with AD &DB rider: 195610(191735 + 3875)
Premium with Accidental rider: 192985(191735 + 1250),
So, AD & DB (Accidental Benefit & Disability Benefit) Rider is different from Accidental Benefit rider. Above calculator have option of AD & DB Rider only.

all in one mobile calculator showing your calculation for the different suppose date of DOB 20/12/1966
PPT 15 TERM 49 SA 500 000 Five Lacs
What Premium details required

Wrote :

22-06-2017 12:18:35

Kindly make sure which riders are included, above rider have option of Accidental & Disability Rider only.

It's just an illusion maturity at 100years who wl survive all money invested wl be blocked and just 8prcnt wl be 1prcnt aftr 30 years of payment with minimum and early entry also it wl not beat inflation nor our hard earned invested money wl not be of any use in time

Wrote :

01-06-2017 22:01:41

Thanks for your comments. If a person not surviving 100 years is not an issue for all individuals because, in case of death at any time after premium paying term, a substantial amount will be paid to his/her nominee. This plan may fulfill objective of a person who is interested in leaving behind a substantial amount to his/her dependents. On the interest front, who knows if there will not be 0% interest after 30 years.

For age upto 40 years go for ATAL PENSION PLAN in which pension start from 60 year pension amt : 60000/- per year and premium is only 180/- to 1350/- per month for age 18 to 40 year. Also contact any bank or po for further clarification.

easy to find term
(30 - current age )=Nearst 30years ppt 15/20/25/30 etc
exam. age 13
30 - 13=17 so nearest lowest term 20
30 - 17= 13 so 15
30-7=23 so 25
30-20=10 so 15
always not less than 30 years (PPT+CALCULATED AGE)

Yes, it will provide money back (survival benefits @8% od Sum Assured) every year from completion of premium paying term to 99 year of age and maturity on 100 year of age.

Term15 is available but not showing in premium calculation.if a person buys this policy i Rs.200000 in 11y age in 2017 for term 20. Maturity becomes due in 31y age or in 2037 will he awarded 8% of 200000(16000) per year till 99years or till death and what will be the maturity after 99y. Thanks

Wrote :

17-05-2017 11:49:54

Premium Paying Term + Age should be greater than 30 years, this is why term 15 is not available for 11 year age. Please use maturity calculator of this plan to illustrate approx benefit as per your details.

## Comments & Reviews (16)