LIC Jeevan Lakshya & Jeevan Utsav Calculator
Calculate maturity benefits for LIC Jeevan Lakshya (Plan 933) and Jeevan Utsav (Plan 871) with guaranteed income.
Take this from your policy document — it depends on your age at entry.
Declared each year by the insurer; recent rates are ₹40–50.
Paid only at maturity on longer-term policies.
| Component | Amount |
|---|---|
| Basic sum assured | ₹5,00,000 |
| Simple reversionary bonus (20 years) | ₹4,60,000 |
| Final additional bonus | ₹2,50,000 |
| Maturity value | ₹12,10,000 |
Jeevan Lakshya
On death, the annual income benefit continues to the family until maturity.
Bonus = (SA ÷ 1000) × ₹46 × 20 years = ₹4,60,000
The internal rate of return of 8.29% is computed from the actual premium and maturity cash flows. Compare it against a PPF or debt fund before treating an endowment policy as an investment.
LIC Jeevan Lakshya & Jeevan Utsav Calculator: how it works
Jeevan Lakshya is built around a specific scenario: if the policyholder dies, the family receives an annual income until maturity, then the full sum assured.
The death benefit is the point
On the death of the policyholder during the term, three things happen. Future premiums are waived. The nominee receives 10 percent of the sum assured every year until the policy matures. And at maturity the full sum assured plus bonuses is paid.
On survival to maturity
Maturity = Sum assured + Reversionary bonus + Final additional bonus
If the policyholder survives the term, it behaves as an ordinary endowment: sum assured plus accrued bonuses, with no income component paid.
Whether it fits your situation
The income-until-maturity feature is genuinely useful where a family would need replacement income for a known period. Where that is the need, the question worth asking is whether a large term plan achieves the same thing more cheaply.
Frequently asked questions
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