When do survival benefits start?

After your premium-paying term ends. A 30-year-old with a 20-year PPT receives survival benefits every year from age 50 until age 100.

Is the 8% survival benefit guaranteed?

The survival benefit rate is part of the plan's guaranteed structure, but bonuses on top are declared each year at the insurer's discretion.

What happens if the life assured passes away during the policy?

The nominee receives sum assured plus vested bonuses, in addition to any survival benefits already paid out.

LIC Jeevan Umang Calculator

Independent LIC Jeevan Umang-style whole-life calculator with 8% annual survival benefit projection.

Result

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Formula

annualPremium ≈ (SA ÷ 1000) × baseRate × ageFactor × termFactor × umangLoading; annualSurvivalBenefit = 0.08 × SA; lifetimeBenefit = annualSurvivalBenefit × (100 − (age + PPT)) + SA + bonus×PPT + FAB

How it works

A free, independent tool that estimates an LIC-Jeevan-Umang-style whole-life plan with an 8% annual survival benefit after the premium-paying term. Projects annual premium, annual survival benefit, lifetime benefit and maturity value at age 100.

Example

Example: A 30-year-old buys ₹10,00,000 SA with a 20-year premium term. After age 50, the plan pays ₹80,000/year until age 100 — fifty years of survival benefits — plus SA and bonuses as a lump sum at age 100.

Frequently Asked Questions

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Disclaimer: This calculator is an independent estimation tool and is not affiliated with, endorsed by, or operated by the respective company. Actual premiums, returns, bonuses, benefits, and policy features may vary. Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice.