LIC Jeevan Rekha Calculator
UIN: 512N211V01
Plan Type: Money Back Whole Life Plan
Launched: 22 July 2002 | Status: Discontinued
About the Plan:
LIC's Jeevan Rekha is a Money Back Whole Life plan that provides financial protection against death throughout the lifetime with regular flow of survival benefits at five yearly intervals.
Premium Details
Note: GST is applicable on the premium. First year: 4.5% | From second year onwards: 2.25%
Survival Benefit: 10% of Basic Sum Assured (₹0) payable every 5 years
LIC Jeevan Rekha (UIN: 512N211V01) is a money-back whole life plan that offers lifelong coverage along with regular payouts every five years. These regular payouts, called survival benefits, create a steady income stream for the policyholder while keeping their loved ones protected with insurance coverage.
Launch Date and Withdraw Date
- Launch Date: LIC Jeevan Rekha was launched on July 22, 2002 as a novel combination of whole life and money-back features.
- Withdraw Date: The plan was officially withdrawn and is no longer available for new sales. The withdrawal date was after October 2025.
Key Features of LIC Jeevan Rekha
- Money-Back Whole Life coverage
- Regular survival benefits: 10% of the sum assured every 5 years
- Death cover: Sum Assured plus bonuses paid to nominee on death
- Surrender value available after 3 years
- Entry age: 13 to 65 years
- Premium paying term: Single, Limited (5, 10, 15, 20, or 25 years), or lifelong
- Minimum Sum Assured: ₹2 lakhs; No upper limit
- Option to enhance cover with riders
LIC Jeevan Rekha Calculator: How It Works
The online calculator helps users estimate premiums and benefits based on factors like age, entry age, sum assured, premium payment term, and optional riders.
Steps to Use the Calculator
- Select “LIC Jeevan Rekha” from the list of plans.
- Enter your age at entry (must be between 13 and 65 years).
- Enter the desired Sum Assured (minimum ₹2 lakh).
- Choose the premium payment term: single, limited, or lifelong.
- Add any riders if required (like accident benefits).
- Click “Calculate” to see:
- Yearly premium estimate
- Survival benefit details
- Maturity/surrender values
- Death benefit
The calculator is available on the LIC official website or insurance portals like PolicyBazaar. For direct calculation, use LIC’s online calculator: LIC Calculator.
Survival Benefits Explained
Every five years from the start of the policy, Jeevan Rekha pays 10% of the original Sum Assured to the policyholder, providing liquidity while ensuring coverage continues for life. Example: For a sum assured of ₹5,00,000, ₹50,000 is paid every five years.
Death Benefit
On the unfortunate death of the policyholder, the following is paid to the nominee:
- The full Sum Assured
- All accrued bonuses
- No deduction of survival benefits paid earlier
This ensures maximum protection for the family throughout the policyholder’s lifetime.
Surrender Value
If the policyholder wishes to terminate the plan after at least 3 years, Jeevan Rekha offers a surrender value of around 30% of basic premiums paid. The calculator provides this estimate based on your specific inputs.
Eligibility Criteria
| Criteria | Minimum | Maximum |
|---|---|---|
| Entry Age | 13 years | 65 years |
| Premium Term | 5 years | Lifetime |
| Sum Assured | ₹2 lakhs | No limit |
Benefits of LIC Jeevan Rekha Calculator
- Instant premium calculation online
- Personalized estimates for your sum assured, age, and term
- Planning for survival, death, and surrender benefits
- Clear comparison with other plans
- Option to add riders and see impact on premium
Sample Calculation
Let’s consider an example for better understanding.
Details:
- Age at entry: 35 years
- Sum Assured: ₹2,00,000
- Premium payment: Annual, for 25 years
Results (as per calculator outputs):
- Annual premium: approximately ₹8,488
- Survival benefit: ₹20,000 every 5 years
- Surrender value after 3 years: ~30% of premiums paid
- Death benefit: full sum assured plus accrued bonuses
Important Policy Conditions
- Premiums can be paid yearly, half-yearly, quarterly, monthly, or by salary deduction.
- Bonuses depend on LIC profits and declaration norms.
- Riders like accident benefit can be added for extra protection.
Who Should Use Jeevan Rekha Calculator?
Anyone considering lifetime coverage with regular payouts can use the Jeevan Rekha Calculator, including:
- Young earners planning for long-term financial protection
- Middle-aged individuals needing regular money-back flows
- Senior citizens seeking lifelong coverage for family security
How Jeevan Rekha Stands Out
- Combines lifelong coverage (whole life) with periodic payouts (money back).
- All previous survival benefits already paid do not reduce the final death claim.
- Flexible premium payment options from one-time lump sum to regular payments.
- Simple surrender policy after three years with tangible benefits.
How Accurate is the Calculator?
- Results depend on user-entered data: age, sum assured, premium term, etc.
- The calculator is updated with latest bonus rates and policy norms for accurate results.
- Instant comparison with and without riders.
- Available 24/7—no need to contact LIC agents for basic estimates.
Comparing Jeevan Rekha with Other Plans
| Plan Name | Coverage Type | Money Back Feature | Entry Age | Surrender Value | Survival Benefit |
|---|---|---|---|---|---|
| Jeevan Rekha | Whole Life with M. Back | Yes | 13-65 | After 3 years | 10% every 5 years |
| Jeevan Labh | Endowment (Limited Term) | No | 8-59 | After 3 years | Lump Sum at maturity |
| Dhan Rekha | Endowment (Money Back) | Yes | 90 days-60 | After 3 years | At set intervals |
Tips for Users
- Always use trusted sources for calculator and plan information.
- Double-check policy conditions and premium options before purchase.
- Review policy document and brochure for full details.
- Use calculators to compare multiple scenarios before committing.
How Jeevan Rekha Calculator Helps Website Owners
For web developers and site owners (like those operating insurance tools), embedding or linking to a trusted Jeevan Rekha calculator can increase user satisfaction, boost engagement, and help visitors easily visualize policy benefits without agent intervention.
Frequently Asked Questions
What is LIC Jeevan Rekha?
LIC Jeevan Rekha is a Money Back Whole Life insurance plan that provides lifelong coverage with periodic survival benefits every 5 years along with a death benefit to nominees.
What is the UIN of LIC Jeevan Rekha?
The unique identification number (UIN) for Jeevan Rekha is 512N211V01.
When was LIC Jeevan Rekha launched and withdrawn?
It was launched on July 22, 2002, and withdrawn from new sales after October 2025.
What does the LIC Jeevan Rekha calculator do?
The calculator helps estimate premiums, survival benefits, maturity and surrender values based on individual parameters like age, sum assured, and premium term.
Who is eligible to buy Jeevan Rekha?
Individuals aged between 13 and 65 years with a minimum sum assured of ₹2 lakhs are eligible to buy this plan while it was active.
Final Thoughts
LIC Jeevan Rekha Calculator is a valuable, easy-to-use online tool for anyone looking to calculate premiums, survival payouts, and death benefits for this lifetime money-back plan.
Though the plan is now withdrawn from sale, its calculator remains an educational, helpful tool for existing policyholders and insurance learners. Always verify details via official links and check policy documents for updated terms.