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LIC Premium Calculator 2026 – All Plans, Premium & Maturity Estimate
📊 Calculate Premium | Maturity | Death Benefit | All LIC Plans 2026
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Sum Assured₹10,00,000
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Annual Premium
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Maturity Amount
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Death Benefit
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💵 Premium in All Payment Modes
| Mode | Per Installment | Annual Equivalent | GST (1st Year) | Total 1st Year |
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📋 Year-wise Estimated Benefits
| Year | Total Premium Paid | Surrender Value (approx) | Death Benefit | Bonus Accrued (est.) |
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✅ Plan Features & Benefits
⚠ Disclaimer: Premiums shown are approximate estimates based on standard LIC tabular rates. Actual premium may vary based on your exact age, medical underwriting, occupation and riders. Bonus rates are historical estimates — not guaranteed. Please visit licindia.in or contact a LIC agent for exact premium quote. GST: 4.5% first year, 2.25% from 2nd year for traditional plans; 18% for term & ULIP.
📋 Table of Contents
- LIC Plans in India 2026 – Complete List
- How LIC Premium is Calculated
- Which LIC Plan is Best in 2026?
- LIC Jeevan Anand – Premium & Details
- LIC Tech Term Plan – Details
- LIC Money Back Plans 2026
- LIC Jeevan Labh – Limited Premium Plan
- LIC Tax Benefits – 80C & 10(10D)
- LIC Bonus Rates 2026
- Frequently Asked Questions
LIC Plans in India 2026 – Complete List & Comparison
Life Insurance Corporation of India (LIC) is India’s largest life insurer with over 29 crore policies in force and more than 13 lakh agents. Established in 1956, LIC is government-owned and is the most trusted insurance brand in India. In 2026, LIC offers 12+ active plans across 7 categories.
| Plan Name | Plan No. | Type | Policy Term | Entry Age | Key Benefit |
|---|---|---|---|---|---|
| LIC Tech Term | 854 | Term | 10–40 yrs | 18–65 | Highest cover, lowest premium |
| LIC Saral Jeevan Bima | 859 | Term | 5–40 yrs | 18–65 | Simple term, standard process |
| LIC New Jeevan Anand | 915 | Endowment | 15–35 yrs | 18–50 | Maturity + lifelong cover |
| LIC Jeevan Labh | 936 | Endowment | 16/21/25 yrs | 8–59 | Pay 10/15/16 yrs, cover longer |
| LIC Dhan Rekha | 863 | Endowment | 15/20/30 yrs | 90 days–60 | Guaranteed additions |
| LIC Money Back 20yr | 920 | Money Back | 20 yrs | 13–50 | 20% SA at 5/10/15 yrs |
| LIC Money Back 25yr | 921 | Money Back | 25 yrs | 13–45 | 15% SA at 5/10/15/20 yrs |
| LIC Jeevan Umang | 945 | Whole Life | Till 100 | 90 days–55 | 8% SA annual income after PPT |
| LIC Children’s MB | 932 | Children | 25 yrs | 0–12 | Payouts at child age 18/20/22/25 |
| LIC Jeevan Tarun | 934 | Children | 20 yrs | 90 days–12 | Flexible annual payout from age 20 |
| LIC Jeevan Shanti | 858 | Pension | Immediate/Deferred | 30–79 | Lifelong guaranteed pension |
| LIC SIIP | 852 | ULIP | 10–25 yrs | 90 days–65 | Market-linked returns + life cover |
Which LIC Plan is Best in 2026? – Goal-based Guide
Choosing the best LIC plan depends on your financial goal, age, income and dependents. Here is a goal-based guide for 2026:
| Your Goal | Best LIC Plan | Why | Approx Premium (30yr, ₹10L SA) |
|---|---|---|---|
| Maximum cover, minimum premium | LIC Tech Term (854) | Pure term — all premium goes to risk | ~₹15,000/yr |
| Savings + life cover | LIC New Jeevan Anand (915) | Maturity + continued whole life cover | ~₹64,000/yr |
| Pay for fewer years | LIC Jeevan Labh (936) | Pay 10/15/16 yrs, cover 16/21/25 yrs | ~₹68,000/yr |
| Regular income + cover | LIC Money Back 20yr (920) | Payouts at 5/10/15 year intervals | ~₹70,000/yr |
| Lifelong income after retirement | LIC Jeevan Umang (945) | 8% SA annual income for life after PPT | ~₹76,000/yr |
| Child’s education/marriage | LIC Children’s MB (932) | Structured payouts as child grows | ~₹48,000/yr |
| Retirement pension | LIC Jeevan Shanti (858) | Guaranteed lifelong pension | Single premium |
| Market-linked growth | LIC SIIP (852) | Market returns + life cover | ~₹30,000/yr |
💡 Expert Tip: For most salaried individuals in 2026, the ideal strategy is: (1) Buy LIC Tech Term for maximum life cover (₹1–2 crore at ~₹15,000–25,000/year), AND (2) Invest the difference in SIP/PPF/FD for better returns. A ₹1 crore term plan + ₹40,000/year SIP typically outperforms a single endowment plan for the same total premium.
LIC New Jeevan Anand (Plan 915) – India’s Most Popular Insurance Plan
LIC New Jeevan Anand is LIC’s most popular traditional plan. It is a participating endowment plan that provides maturity benefit at end of policy term AND continued life cover for the full sum assured for the rest of the policyholder’s life after maturity — a unique dual benefit.
LIC Jeevan Anand Premium for ₹10 Lakh Sum Assured (Approx)
| Age | 15 Year Term | 20 Year Term | 25 Year Term | 30 Year Term |
|---|---|---|---|---|
| 25 years | ₹72,000/yr | ₹60,000/yr | ₹52,000/yr | ₹46,000/yr |
| 30 years | ₹76,000/yr | ₹64,000/yr | ₹56,000/yr | ₹50,000/yr |
| 35 years | ₹82,000/yr | ₹70,000/yr | ₹62,000/yr | ₹56,000/yr |
| 40 years | ₹92,000/yr | ₹80,000/yr | ₹72,000/yr | — |
*Approximate premiums excluding GST. Use calculator above for personalised estimate.
The maturity amount of LIC Jeevan Anand is approximately Sum Assured + Accumulated Bonus. At historical bonus rates of ₹42–45 per ₹1,000/year, a ₹10 lakh policy for 20 years earns approximately ₹8.4–9 lakh in total bonus, giving maturity of approximately ₹18–19 lakh.
LIC Tech Term Plan (Plan 854) – Online Term Insurance 2026
LIC Tech Term is LIC’s online pure term insurance plan available exclusively through LIC’s website. It offers the highest life cover at the lowest possible premium among all LIC plans. No maturity benefit — pure life protection at lowest cost.
LIC Tech Term Premium for ₹1 Crore Sum Assured (Approx)
| Age | Term 20 yrs | Term 30 yrs | Term 40 yrs |
|---|---|---|---|
| 25 years | ₹9,000/yr | ₹11,500/yr | ₹14,000/yr |
| 30 years | ₹11,000/yr | ₹15,000/yr | ₹19,000/yr |
| 35 years | ₹15,000/yr | ₹21,000/yr | ₹28,000/yr |
| 40 years | ₹22,000/yr | ₹32,000/yr | ₹44,000/yr |
*Approximate premiums for ₹1 crore SA, non-smoker male, excluding 18% GST.
💡 Why LIC Tech Term despite higher premium: LIC’s claim settlement ratio of 98.7% in 2024-25 is among the highest in India. While LIC Tech Term premiums are 30%–50% higher than private insurers, the government-backing and claim reliability make it a preferred choice for millions who prioritise claim certainty over cost.
LIC Money Back Plans 2026 – 20 Year & 25 Year
LIC Money Back plans provide regular payouts during the policy term along with life cover. Unlike endowment plans, money back plans return a portion of sum assured at regular intervals — providing liquidity during the policy term.
LIC Money Back 20yr – Payout Schedule
- End of 5th year: 20% of Sum Assured paid as survival benefit
- End of 10th year: 20% of Sum Assured paid as survival benefit
- End of 15th year: 20% of Sum Assured paid as survival benefit
- End of 20th year (Maturity): 40% of SA + Simple Reversionary Bonus + FAB
- Death any time: Full 100% SA + bonus (regardless of survival payouts already received)
LIC Money Back 25yr – Payout Schedule
- End of 5, 10, 15, 20 years: 15% of Sum Assured each time
- End of 25th year (Maturity): 40% of SA + bonus + FAB
- Death any time: Full SA + bonus to nominee
⚠ Return Perspective: The effective return on LIC Money Back plans is typically 5%–6% p.a. — lower than PPF (7.1%) or ELSS (12%+). Choose Money Back plans for the insurance + liquidity combination, not purely as an investment product.
LIC Jeevan Labh (Plan 936) – Limited Premium Endowment 2026
LIC Jeevan Labh is a limited premium payment endowment plan — you pay premium for a shorter period but enjoy coverage and bonus accumulation for a longer policy term. This makes it popular for those who want to complete premium payment before retirement.
| Policy Term | Premium Paying Term | Entry Age | Advantage |
|---|---|---|---|
| 16 Years | 10 Years only | 8 to 59 years | Pay 10 yrs, cover 16 yrs |
| 21 Years | 15 Years only | 8 to 54 years | Pay 15 yrs, cover 21 yrs |
| 25 Years | 16 Years only | 8 to 50 years | Pay 16 yrs, cover 25 yrs |
For the 25-year option, you pay premium for only 16 years but the policy and bonus accumulation continues for 25 years — earning bonus for 9 years without paying any premium.
LIC Tax Benefits 2026 – Section 80C & 10(10D)
LIC plans offer dual tax benefit — deduction on premium paid AND exemption on maturity/death proceeds. This gives LIC plans an EEE (Exempt-Exempt-Exempt) status under certain conditions.
- Section 80C: LIC premium up to ₹1,50,000/year is deductible. Applicable for policies on own life, spouse and children. In 30% tax bracket, ₹1.5L premium saves ₹45,000 in tax annually.
- Section 10(10D): Maturity amount (SA + bonus) is 100% tax-free. Death benefit always 100% tax-free to nominee. Condition: annual premium must not exceed 10% of Sum Assured.
- GST: 4.5% first year, 2.25% renewal for traditional plans. 18% for term and ULIP. GST paid on premium is not eligible for 80C deduction.
LIC Bonus Rates 2026 – Simple Reversionary Bonus & FAB
LIC shares profits with policyholders through annual bonuses. Simple Reversionary Bonus (SRB) is declared every year as ₹X per ₹1,000 SA. Final Additional Bonus (FAB) is paid at claim settlement.
| LIC Plan | SRB Rate (est.) | FAB (est. at maturity) | Total Bonus on ₹10L SA (20yr) |
|---|---|---|---|
| New Jeevan Anand (915) | ₹42–45 / ₹1,000 SA | ₹800–1,000/₹1,000 SA | ₹8.4–9 Lakh |
| Jeevan Labh (936) | ₹45–50 / ₹1,000 SA | ₹1,000–1,200/₹1,000 SA | ₹9–10 Lakh |
| Money Back 20yr (920) | ₹38–42 / ₹1,000 SA | ₹700–900/₹1,000 SA | ₹7.6–8.4 Lakh |
| Jeevan Umang (945) | ₹44–48 / ₹1,000 SA | ₹900–1,100/₹1,000 SA | ₹8.8–9.6 Lakh |
⚠ Note: Bonus rates shown are historical estimates. LIC declares bonus annually and rates can change. Past rates are not a guarantee of future rates. Verify current bonus rates from LIC’s official website.
Frequently Asked Questions – LIC Premium Calculator 2026
How to calculate LIC premium online?
Use our LIC premium calculator above: select plan category, choose specific LIC plan, enter your age, sum assured and policy term, select premium mode, then click Calculate. You get instant premium estimate for all payment modes (annual, half-yearly, quarterly, monthly) along with maturity amount, death benefit and year-wise benefit table.
What is LIC Jeevan Anand premium for ₹10 lakh?
LIC New Jeevan Anand (Plan 915) for ₹10 lakh SA: for a 30-year-old for 20-year term is approximately ₹64,000–68,000 per year excluding GST. For 25-year-old for 20-year term: approximately ₹60,000–64,000/year. Use our calculator above for personalised estimate based on your exact age and chosen term.
Which LIC plan gives highest return in 2026?
LIC Jeevan Labh typically gives one of the highest returns among traditional plans due to higher bonus rates and longer coverage relative to premium paying term. Effective IRR is approximately 5.5%–6.5% p.a. — comparable to a tax-free FD when 80C and 10(10D) benefits are factored in. LIC SIIP (ULIP) can give higher returns but with market risk.
What is LIC bonus rate in 2026?
LIC’s estimated Simple Reversionary Bonus rates for 2025-26: New Jeevan Anand — ₹42–45 per ₹1,000 SA per year; Jeevan Labh — ₹45–50 per ₹1,000 SA; Money Back plans — ₹38–42 per ₹1,000 SA. On ₹10 lakh SA at ₹42 bonus rate, annual bonus = ₹42,000. Over 20 years = ₹8.4 lakh total bonus. LIC declares bonus annually — check licindia.in for latest rates.
Is LIC premium tax deductible?
Yes. LIC premium is deductible under Section 80C up to ₹1,50,000/year for policies on your own life, spouse and children. Maturity amount and death benefit are exempt under Section 10(10D), provided annual premium does not exceed 10% of Sum Assured. In 30% tax bracket paying ₹1L premium, actual tax saving = ₹30,000/year.
What is LIC GST rate on premium in 2026?
LIC GST rates 2026: Traditional plans (endowment, money back, whole life) — 4.5% first year, 2.25% from 2nd year. Term plans (Tech Term, Saral Jeevan Bima) — 18% all years. ULIP (SIIP) — 18% on all charges. Example: ₹50,000 Jeevan Anand premium — GST year 1 = ₹2,250; from year 2 = ₹1,125/year.
What is LIC Jeevan Labh maturity amount for ₹5 lakh SA?
For LIC Jeevan Labh ₹5 lakh SA, 25-year term, 30-year-old: Maturity = SA (₹5L) + SRB bonus (₹45 × 25 yrs × 5 = ₹5.625L) + FAB (~₹25,000) = approximately ₹11–12 lakh. This is an estimate — actual amount depends on LIC’s bonus declarations. Use our calculator for personalised breakdown.
How to surrender LIC policy and get money back?
LIC policy acquires surrender value after 3 full years of premium payment. Visit nearest LIC branch with: original policy bond, surrender form (Form 5074), KYC (Aadhaar, PAN), cancelled cheque and premium receipts. LIC processes within 7–10 working days. Surrender value = 30%–90% of premiums paid depending on year of surrender. Surrendering early results in significant loss — avoid unless absolutely necessary.