LIC New Endowment Plan calculator
LIC New Endowment Plan (714) Calculator
Premium Details
Base Annual Premium:
Extra Premium (Health):
Rider Premium (if selected):
GST First Year (4.5%):
Total First Year Premium:
Subsequent Annual Premium (excl GST):
GST Subsequent Years (2.25%):
Total Subsequent Year Premium:
Bonus Details
Assumed Bonus Rate (per ₹1000 SA/year):
Estimated Total Bonus:
Final Additional Bonus (FAB, estimated):
Maturity & Benefits
Maturity Value (estimated):
Inflation-Adjusted Maturity Value (approx):
Death Benefit (lump sum, estimated):
Loan & Installment
Max Loan Possible (approx): (at 9% p.a. interest)
How the calculation is done
Base Annual Premium: Interpolated from sample tabular rates for ₹2,00,000 SA, scaled for chosen SA, minus high SA rebate (Nil <₹5L, ₹2.5/₹1000 for ₹5-10L, ₹4/₹1000 for ≥₹10L), minus mode rebate (2% yearly, 1% half-yearly). Excludes extras.
GST: 4.5% first year, 2.25% subsequent on total premium.
Bonus Rate: 2025 rates - 38 (<₹5L, 12-15yrs), +1 for ≥₹5L; scaled by term.
Estimated Bonus: (Rate / 1000) × SA × Term (SRB; actual varies).
FAB: ₹30/₹1000 SA (approx for 2025; discretionary).
Maturity Value: SA + Bonus + FAB.
Death Benefit: Higher of (SA, 7×Annualized Premium) + Bonus + FAB.
Surrender Value: After 2 yrs; approx (premiums paid × 0.3-0.5) + (vested bonus × 0.3).
Loan: 90% SV after 3 yrs.
Installment: Benefit / (years × 12) monthly.
Plan Highlights
- Regular premium endowment (premium till maturity).
- Min SA ₹2L; Entry 8-55 yrs, Maturity max 75 yrs.
- Riders: AD&DB, NTA (up to age 70).
- Loan after 3 yrs; Surrender after 2 yrs.
- Tax: 80C deduction, 10(10D) maturity tax-free.
Note: Estimates based on 2025 data; consult LIC for exacts.
Source: LIC (2024-2025).
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