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 Umang (845) Sample Calculation |
Sum Assured | 1250000 | Age | 30 |
Premium Paying Term | 25 | Policy Term | 70 |
ADB Rider | No | AD & DB Rider | Yes |
First Year Premium |
Mode | Premium | GST ( @4.5 % ) | Total Premium |
Yearly | 48558 | 2185 | 50743 |
Half Yearly | 24530 | 1104 | 25634 |
Quarterly | 12391 | 558 | 12949 |
Monthly | 4130 | 186 | 4316 |
Second Year Onward Premium |
Mode | Premium | GST ( @2.25 % ) | Total Premium |
Yearly | 48558 | 1093 | 49651 |
Half Yearly | 24530 | 552 | 25082 |
Quarterly | 12391 | 279 | 12670 |
Monthly | 4130 | 93 | 4223 |
Benefits Details |
Total Premium Paid (Approx) | 1242356 |
Sum Assured | 1250000 |
Additional Accidental Death Benefit | 1250000 |
Survival Benefit (From Age 55 to 99 Years) | 100000 Per Year |
Matruity at the Age of 100 Years | Sum Assured + Bonus +FAB |