LIC Premium Calculator
Jeevan Shiromani (Table-847)

Following premiums are sample and calculated as per parameters given in first table. Please use above calculator to calculate premiums and benefits as per your AGE, TERM and SUM ASSURED (SA).

LIC Jeevan Shiromani (847) Sample Calculation
Sum Assured10000000Age25
Premium Paying Term16Policy Term20
ADB RiderNoAD & DB RiderYes
First Year Premium
ModePremiumGST ( @4.5 % )Total Premium
Half Yearly35249815862368360
Second Year Onward Premium
ModePremiumGST ( @2.25 % )Total Premium
Half Yearly3524987931360429
Money Backs & Maturity Details
Total Premium Paid11434821
Minimum Risk Cover12500000
Maximum Risk Cover21050000 + Loyalty Addition(LA)
Accidental Benefit (Additional)10000000
Money Backs (Survival Benefits)
( 45 % of Sum Assured)
4500000 each at the end of 16th and 18th Policy Years
(10 % of Sum Assured + Guaranteed Additions (GAs) + Loyalty Addition (LA)
9550000 + Loyalty Addition (LA)
Total18550000 + Loyalty Addition (LA)

The Rate of Guaranteed Addition (GAs) will be Rs. 50 per thousand of Sum Assured for first 5 Policy Years and Rs. 55 per thousand of Sum Assured from 6th policy years to year of last premium payment. Loyalty Addition (LA) will be on time amount to be paid in case of death or maturity applicable from 6th policy Year onwards.