Jeevan Umang (Table-945) Premium Calculator

Jeevan Umang from LIC is an affordable non-linked participating life insurance plan offering protection and savings. Read on to learn more about the plan and how to use the Jeevan Umang premium calculator.


What is LIC Jeevan Umang?

LIC Jeevan Umang is a traditional endowment assurance plan that provides life cover along with maturity benefits. It is a participating non-linked plan that offers risk cover plus guaranteed additions. Some key highlights of the plan include – protection for the full policy term, lumpsum payout on maturity, flexible premium payment terms, loyalty additions from 6th year onwards, tax benefits on premiums and benefits, premium waiver in case of permanent disability, and the option to receive maturity payouts as income. In essence, Jeevan Umang provides an economical way to get insured and save simultaneously.

The LIC Jeevan Umang plan is a participating non-linked endowment assurance plan. It has limited premium payment term options of 5, 10, and 15 years with the policy term being 10 years more than the premium payment period. The minimum sum assured is ₹1 lakh with no maximum limit. The minimum entry age is 8 years while the maximum entry age is 55 years. Premiums are as per the age, sum assured, policy term, and premium payment mode. The plan provides risk cover plus guaranteed additions along with loyalty additions, bonuses, and maturity benefits.

What is Jeevan Umang Premium Calculator?

LIC provides a Jeevan Umang premium calculator to estimate premiums payable based on the age of life assured, chosen sum assured, premium payment term, premium mode – yearly, half-yearly, quarterly, and whether accident benefit is required. Key aspects of the calculator include the – it is a free online tool requiring no login, generates premium estimates quickly, allows modifying inputs to see a change in premium, uses LIC’s data for authentic results, and has a simple user-friendly interface. The estimated premium amount allows wise purchase decision-making.

How to Use Jeevan Umang Premium Calculator?

The process to use the Jeevan Umang premium calculator involves:

  1. Going to the LIC India website Premium Calculator page
  2. Selecting “Jeevan Umang” under Product
  3. Entering basic details like name, mobile number, email
  4. Specifying age, sum assured amount
  5. Choosing premium payment terms and mode
  6. Selecting Accident Benefit if needed
  7. Clicking “Calculate Premium” button to view a detailed premium estimate
  8. Modifying inputs to see revised premium quotes
  9. Making policy purchase decisions accordingly

The process is quick and convenient to get premium estimates for effective financial planning.

Benefits of Jeevan Umang Premium Calculator

The key benefits of using the Jeevan Umang premium calculator include:

It is freely available online requiring no charges. It allows quick premium calculation and helps choose an ideal sum assured as per budget. The calculator can review premiums for alternate modes like half-yearly, and monthly payments. It enables testing premiums for different terms and riders. The data input process is simplified. As an official LIC tool, it provides reliable estimates. The calculator can be accessed anytime, anywhere for estimating premiums. This empowers prudent purchase decisions for long-term financial security.

In summary, the premium calculator is a useful tool to make informed decisions about buying the Jeevan Umang policy.


What is the policy term under Jeevan Umang?

The policy term is 10 years more than the premium payment period.

What are the premium paying modes?

Yearly, Half-yearly, Quarterly, and Monthly premium payments are allowed.

Is a medical test required?

No medicals are required for SA up to ₹2 lakhs for normal lives.

Is there any guaranteed surrender value?

Yes, GSV starts from the end of 2nd policy year for premium-paying policies.

Can a policy be taken offline through an agent?

Yes, LIC agents can also help purchase this plan through offline channels.


The LIC Jeevan Umang plan provides an affordable participating life insurance policy with dual benefits of protection and savings. The online premium calculator allows easy estimation of premiums for prudent purchase decisions. For economical long-term life cover needs, Jeevan Umang is definitely worth considering.