The LIC Jeevan Lakshya calculator
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Your Results
Fill in the form and click "Calculate" to see your results
Plan Details & Information
1. Introduction
The LIC Jeevan Lakshya calculator stands out as a free online tool, letting users estimate insurance premiums and maturity benefits for this limited premium payment endowment plan in mere seconds. Tailored for long-term financial security, Plan 733 blends life protection with guaranteed savings via guaranteed additions.
This calculator skips the hassle of LIC branch visits or agent quotes, delivering instant, precise calculations drawn from official LIC rate tables embedded in the system. Just input your details, and a full premium breakdown appears right away.
2. About the Plan - Key Details
Plan Overview: Limited Premium Payment, Non-Linked, Non-Participating, Individual, Savings Endowment Plan. Plan Code: 733.
Eligibility Criteria: Minimum Entry Age: 8 years. Maximum Entry Age: 50 years (Age Nearer Birthday). Varies by policy term selected.
Policy Term Options: 13, 16, 21, or 25 years. Premium Paying Term is Policy Term minus 3 years.
Sum Assured: Minimum ₹75,000 (in multiples of ₹5,000).
3. Key Features & Benefits
Maturity Benefits: Sum Assured + Accrued Guaranteed Additions. Guaranteed lump sum at maturity.
Guaranteed Additions: ₹50 per ₹1000 Sum Assured for each policy year.
Death Benefits: Higher of: 125% of Sum Assured OR 7 times Annual Premium Plus Accrued Guaranteed Additions.
Tax Benefits: Premium deduction under Section 80C. Maturity proceeds tax-free under Section 10(10D).
4. How to Use the Calculator
Step 1: Enter Date of Birth
On the left side of the screen, spot the calculator form section. Tap the "Date of Birth" field to reveal a calendar picker. Pick your full birth date with care.
Step 2: Enter Sum Assured
Next, fill the "Sum Assured (₹)" input with your chosen coverage. Start at ₹75,000, sticking to multiples of ₹5,000.
Step 3: Select Your Policy Term
You'll see a dropdown that says "Policy Term (Years)". You get to choose between 10 or 15 years.
Step 4: Pick How You Want to Pay
You can go with Yearly payments (cleanest option), Half-Yearly, Quarterly, or Monthly depending on what fits your pocket.
Step 5: Hit That Calculate Button
Once you've made your choices, just click the "Calculate" button and boom – results pop up instantly on the right side of your screen.