The LIC Jeevan Samridhi Calculator is a useful tool designed to help policyholders and potential buyers estimate the premiums, maturity benefits, and surrender values of the LIC Jeevan Samridhi money-back plan.

What is LIC Jeevan Samridhi?

LIC Jeevan Samridhi is a popular money-back life insurance plan by Life Insurance Corporation of India (LIC). It combines insurance protection with regular survival benefits and maturity payouts, making it an attractive option for those seeking financial security along with periodic returns. The plan offers:

• Death protection
• Guaranteed additions
• Loyalty additions
• Survival benefits payable during the policy term

The plan is suitable for individuals looking for a regular return on investment along with the safety of life cover.

Unique Identification Number (UIN)

The official Unique Identification Number (UIN) for LIC Jeevan Samridhi is 512N215V01. This code helps identify the exact policy and plan type for regulatory and service purposes.

Launch and Withdraw Dates

The LIC Jeevan Samridhi policy was launched in 2002 and remained available to customers until it was withdrawn in 2005. Since the plan is no longer available for new customers, the calculator primarily serves existing policyholders or those seeking information on historical data. The withdrawal was part of LIC’s move to gradually phase out guaranteed return plans to shift towards unit-linked and market-linked plans, which offer potentially higher returns aligned with market performance.

Key Features of LIC Jeevan Samridhi

• Type: Money-back plan with life cover
• Policy Term: Multiple options typically ranging from 12 to 25 years depending on the variant
• Premium Payment Term: Equal to the policy term; premiums are generally payable yearly
• Survival Benefits: Periodic payouts as a percentage of the sum assured at regular intervals during the policy term
• Maturity Benefit: Sum assured with additional bonuses paid at the end of the term
• Death Benefit: Sum assured paid to nominee in case of unfortunate death during policy term
• Guaranteed Additions: Regular fixed additions to sum assured based on policy term and age
• Loyalty Additions: Potential bonuses for policyholders who complete the full term without surrendering
• Surrender Value: Available after 3 or more years with guaranteed minimum surrender value based on premiums paid

Benefits of the LIC Jeevan Samridhi Plan

1. Life Cover Protection: Provides financial security to your family in case of untimely death.
2. Regular Money-Back Payouts: Helps meet financial goals or emergencies during the policy term.
3. Guaranteed Returns: Includes fixed additions beyond the sum assured, reducing investment risk.
4. Bonuses: Loyalty bonuses reward policyholders staying till maturity.
5. Surrender Facility: Flexibility to exit with a guaranteed surrender value after 3 years.
6. Tax Benefits: Eligible for deductions under Section 80C of the Income Tax Act.

Using the LIC Jeevan Samridhi Calculator

The LIC Jeevan Samridhi Calculator helps estimate payable premiums and expected returns based on various inputs such as:

• Policy Term (in years)
• Sum Assured (investment amount)
• Age of the policyholder
• Premium payment frequency (usually yearly for this plan)

What the Calculator Provides

• Annual premium amount: How much you need to pay yearly
• Survival benefits: Periodic money-back payouts during the policy
• Maturity amount: Total amount receivable at maturity including bonuses
• Death benefit: Sum assured payable in case of death during policy term
• Surrender value: Amount receivable if policy is surrendered after lock-in

How to Use It (Step-by-Step)

1. Enter your age when buying the policy.
2. Choose the policy term (like 12, 15, 20, or 25 years).
3. Specify the sum assured amount.
4. Get the annual premium calculated based on your entries.
5. View detailed projections including money-back payouts, maturity benefits, and surrender values.

The calculator uses LIC’s official formula to provide reliable estimates that help in planning your investment and understanding potential benefits clearly.

Sample Benefit Illustration

Suppose a 35-year-old invests in a Jeevan Samridhi plan with:

• Policy Term: 15 years
• Sum Assured: Rs. 1,00,000
• Annual Premium: Around Rs. 10,483

The survival benefits will be paid as a percentage of the sum assured during the plan. On maturity, the sum assured plus bonuses will be paid, giving a lump sum return. The surrender value will be a guaranteed minimum based on premiums paid after 3 years.

This structured payout makes it easier to plan finances for mid- to long-term goals like education, marriage, or retirement.

Why Use the LIC Jeevan Samridhi Calculator?

• Clarity: Know exactly how much to invest and when/what payouts to expect.
• Comparison: Assess how Jeevan Samridhi stacks against other LIC or market plans.
• Financial Planning: Align insurance with planned cash flows to meet life goals.
• Existing Holders: Track maturity and surrender values to decide on continuing or exiting the policy.

The calculator is an essential tool to demystify the financial jargon and understand real-money implications without relying solely on agent advice.

Important Notes on Jeevan Samridhi Plan Status

Since the plan was withdrawn in 2005, it is no longer sold by LIC, but many existing policyholders continue to enjoy benefits. For current life cover or investment options, LIC recommends newer unit-linked plans like Jeevan Anand, Jeevan Labh, or ULIP-based Future Plus.

If you hold Jeevan Samridhi, these calculators and plan documents remain relevant for tracking your policy performance.

External Resources and Links

• Official LIC Website for Plan Details: LIC India
• LIC Jeevan Samridhi Plan Document (UIN 512N215V01) on LIC Website
• LIC Policy Calculators and Tools: LIC Calculators

Summary of LIC Jeevan Samridhi Features

Feature	Details
Plan Type	Money-back Life Assurance
UIN	512N215V01
Launch Date	2002
Withdrawal Date	2005
Premium Payment Term	Equal to Policy Term
Policy Term Options	12, 15, 20, 25 years
Money-back Benefits	Periodic payouts during the term
Maturity Benefit	Sum assured + bonuses
Death Benefit	Sum assured
Surrender Value	After 3 policy years
Tax Benefits	Section 80C

Frequently Asked Questions

Conclusion

The LIC Jeevan Samridhi plan (UIN: 512N215V01) is a classic money-back life insurance plan that offered a blend of life cover, survival benefits, guaranteed additions, loyalty bonuses, and maturity benefits. It was launched in 2002 and withdrawn from new sales in 2005.

The plan ensured regular periodic payouts during the policy term and a lump sum on maturity or on the death of the insured.