LIC Nav Jeevan Shree Plan 912 Calculator
Limited Premium Payment | Non-Linked, Non-Participating Endowment Plan
Calculate Your Premium & Maturity Benefits
Policy Details
Yearly Premium (Excluding GST)
Modal Premium: ₹0
Death Benefit
Maturity Benefit
Total Guaranteed Additions
Total Premium Paid
Year-wise Guaranteed Additions
| Policy Year | Premium Paid (Yearly) | Cumulative Premium | GA Rate (%) | Guaranteed Addition | Total GA Accumulated |
|---|
About LIC Nav Jeevan Shree Plan 912
- Non-Linked, Non-Participating Individual Savings Plan
- Limited Premium Payment: Pay for 6, 8, 10, or 12 years
- Policy Term: 10 to 20 years
- Entry Age: 0-60 years (Option I), 0-40 years (Option II)
- Maturity Age: Maximum 75 years (Option I), 60 years (Option II)
- Guaranteed Additions: 8.5% to 9.5% of annual premium
- High Sum Assured Incentive: Additional GA for BSA ≥ ₹5 Lakhs
- Two Death Benefit Options: 7x or 10x Annual Premium
- Settlement Option: Receive maturity benefit in installments
- Riders Available: Accidental Death & Disability Benefit Rider
Important Notes
- Premium excludes GST (currently 4.5% on first year, 2.25% on renewal)
- Minimum Yearly Premium: ₹50,000
- Premium Payment Term must be less than Policy Term
- Loan facility available after 2 full years of premiums paid
- Suicide exclusion applies within 12 months of policy commencement
- This calculator is for illustrative purposes only
LIC Nav Jeevan Shree Plan 912 is a limited premium endowment plan that offers life cover and guaranteed savings. It helps people save money safely while protecting their family.
This plan gives fixed returns through guaranteed additions each year. Existing policies cannot be bought new since they were withdrawn in 2025-26, but current holders can continue.
Launched around July 4, 2025, it was withdrawn during the financial year 2025-26 as per LIC’s list.
LIC Nav Jeevan Shree Plan 912 Calculator
LIC Nav Jeevan Shree Plan 912, UIN 512N387V01, is a non-linked, non-participating individual savings plan.
It combines protection and savings with no market risk. Premiums are paid for a limited time, but benefits last the full policy term.
Policyholders get life insurance plus money back at maturity. This makes it good for steady financial growth.
Key Features
The plan has flexible premium payment terms of 6, 8, 10, or 12 years. Policy terms range from 10 to 20 years.
The minimum sum assured is Rs 5 lakhs, with no upper limit. Entry age starts from 30 days, up to 60 years depending on the term.
Guaranteed additions build up every year as a percentage of the annual premium. These add to your maturity or death payout.
You can pay premiums yearly, half-yearly, quarterly, or monthly. Grace period is 30 days for most modes.
The free look period is 30 days to cancel if not happy. Loans are available after premiums build surrender value.
Eligibility Criteria
Age at entry: Minimum 30 days, maximum varies by premium paying term (PPT) and policy term. For example, up to 55 years for PPT 12 and term 20.
Maturity age must not exceed certain limits, like 70 years max. Minors under 8 years have special rules for risk start.
Sum assured minimum Rs 5,00,000. No maximum, but higher amounts get incentives.
Benefits Explained
Maturity Benefit
At the end of the policy term, you get the basic sum assured plus all accrued guaranteed additions.
This can be taken as a lump sum or in installments over 5, 10, or 15 years. Minimum installment amounts apply, like Rs 5,000 monthly.
Death Benefit
Two options at start. Option I: Higher of 7 times annual premium or the basic sum assured. Option II: Higher of 10 times annual premium or Basic Sum Assured.
Plus all guaranteed additions till death. Minimum 105% of total premiums paid. Paid-up policies give reduced amounts.
Death benefit also has an installment option. Nominee gets it.
Guaranteed Additions
Key highlight: Added yearly even after premiums end, if policy active. Rates: 8.5% for 10-13 year terms, 9% for 14-17, 9.5% for 18-20 years of tabular annual premium.
Incentives boost this: High sum assured (e.g., 0.35% extra for Rs 20L+ on PPT 12), online buy (0.75-1.25% extra), existing policyholder (0.05-0.15% extra).
Riders Available
Four optional riders enhance coverage.
- Accidental Death and Disability Benefit Rider: Extra payout for accident death or disability. Premiums are waived if disabled.
- Accident Benefit Rider: Lump sum for accidental death.
- Term Assurance Rider: Extra sum assured on death.
- Premium Waiver Benefit Rider: Waives future premiums if the proposer dies (for minor lives).
Add during premium term if eligible (under 65, 5+ years left).
Premium Details
Premiums depend on age, sum assured, PPT, term, and option. Use LIC’s official calculator on their site: https://ebiz.licindia.in/D2CPM/.
Taxes are extra as per rules. Modal loading for non-yearly payments.
Sample Premium and Returns Table
Here is an example for age 30, Rs 10 lakh sum assured, PPT 12 years, policy term 20 years (approximate values from illustrations).
| Year | Age | Annual Premium (Rs) | Yearly GA (Rs approx) | Cum. Premiums (Rs) | Cum. GA (Rs) | Maturity/Total Value (Rs) |
|---|---|---|---|---|---|---|
| 1 | 30 | 96,550 | 9,230 | 96,550 | 9,230 | – |
| 5 | 34 | 96,550 | 46,148 | 4,82,750 | 1,38,444 | – |
| 10 | 39 | 96,550 | 92,295 | 9,65,500 | 5,07,625 | – |
| 12 | 41 | 96,550 | 1,10,755 | 11,58,600 | 7,19,905 | – |
| 20 | 49 | 0 | 1,10,755 | 11,58,600 | 16,05,945 | 26,05,946 |
Total premiums are ~Rs 11.6 lakhs, maturity ~Rs 26 lakhs (IRR around 5-6% depending on incentives).
How to Use the Calculator
value, andVisit LIC premium calculator tool. Enter age, sum assured, PPT, term, payment mode, and option (I or II).
It shows yearly/half-yearly premiums, maturity value, death benefit. Adjust for riders. Third-party sites like Policybazaar also have it, but official is best.
For existing policies, use the servicing portal for projections.
Other Important Terms
Surrender and Loan
Surrender after 2 full years: Higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). GSV is percentage of premiums.
Loan: Up to 80% of surrender value after 2 years (in force). Interest is 9.5% p.a. compounding half-yearly.
Paid-up and Revival
Paid-up after 2 premiums if lapsed. Reduced benefits. Revive within 5 years with arrears + interest (9.5%).
Exclusions
Suicide within 12 months: 80% premiums back. 90-day waiting for non-accidental death (not for kids <8).
Tax Benefits
Maturity and death benefits are tax-free under Section 10(10D) if conditions met. Premiums qualify for 80C deduction up to Rs 1.5 lakhs.
Consult tax advisor. Riders may have separate rules.
Who Should Buy This Plan
Good for parents saving for a child’s future, conservative investors wanting a guarantee over FD (better returns with cover).
Not for high-risk high-return seekers. Existing holders: Continue for locked benefits.
Compare with FDs: Higher effective yield due to additions and tax save.
FAQs
Q1: When was Plan 912 launched and withdrawn?
A: Launched in July 2025, withdrawn in FY 2025-26. New sales stopped.
Q2: What is the minimum premium?
A: Depends on the sum assured, Rs 5L min, around Rs 90k-1L yearly for age 30.
Q3: Can I get installments on maturity?
A: Yes, over 5/10/15 years, min Rs 5k monthly.
Q4: Is it better than fixed deposit?
A: Yes for tax benefits and life cover, IRR 5-7% vs. FD 6-7% pre-tax.
Q5: How to calculate exact returns?
A: Use LIC’s online tool at ebiz.licindia.in/D2CPM.
Q6: What if the policy lapses?
A: Revive in 5 years or become paid up with lower benefits.
Q7: Are riders compulsory?
A: No, it’s optional for extra protection.
Conclusion
LIC Nav Jeevan Shree Plan 912 offers safe savings with life protection through guaranteed additions. Use the calculator to see personalized numbers. Even withdrawn, it’s valuable for holders seeking stability.
