🛡️ Table No. 868 • Endowment • Budget Friendly
LIC Jeevan Azad Calculator
Limited Premium Savings Plan with Short PPT & Guaranteed Returns. Check exact yearly, half-yearly, and monthly premiums with 2026 bonus estimations.
30 Years
₹ 3,00,000
LIC Jeevan Azad RETURNS
Projected Total Maturity / Payout
₹ 0
Total Premiums Paid (Over PPT)
Net Profit / Bonus Gain
₹ 0
1st Year Premium (+ 4.5% GST)
₹ 0
Renewal Premium (+ 2.25% GST)
₹ 0
Guaranteed Life Cover (Death Benefit)
₹ 0
Daily Savings Required
₹ 0/day
| Basic Sum Assured | ₹ 0 |
| Simple Reversionary Bonus (SRB) | ₹ 0 |
| Final Additional Bonus (FAB) | ₹ 0 |
| Guaranteed Additions (if applicable) | ₹ 0 |
| Periodic Survival Benefits Paid | ₹ 0 |
| Estimated Total Value | ₹ 0 |
RENEWAL PREMIUM IN ALL PAYMENT MODES
Yearly
₹ 0
+2.25% GST
Half-Yr
₹ 0
+2.25% GST
Quarterly
₹ 0
+2.25% GST
Monthly
₹ 0
+2.25% GST
Investment vs Returns Distribution
Life Cover & Surrender Value Accumulation
| Year | Age | Annual Premium | Cumulative Invested | Normal Life Cover | Accidental Cover | Surrender Value | Eligible Loan (90%) |
|---|
About LIC Jeevan Azad (Table No. 868)
Non-linked, non-participating, individual savings endowment plan that offers financial support for the family in case of unfortunate demise and guaranteed sum assured on maturity.
Key Plan Highlights
- Short Premium Paying Term (Term minus 8 years: pay only 7, 10, or 12 years)
- Guaranteed Sum Assured on Maturity on survival
- Accessible Sum Assured range from ₹2 Lakh to ₹5 Lakh
- Available from age 90 days up to 50 years
Eligibility Criteria
- Minimum Entry Age: 0 Years
- Maximum Entry Age: 50 Years
- Minimum Basic Sum Assured: ₹ 2,00,000
- Maximum Basic Sum Assured: No Upper Limit (subject to underwriting)
Tax Benefits & Liquidity
- Section 80C: Premiums eligible for tax deduction up to ₹1,50,000/year.
- Section 10(10D): 100% tax-free maturity and death claims.
- Policy Loan: Available after paying 2 full years of premiums.
- Surrender Value: Guaranteed surrender value acquires after 2 years.
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Helpful Policy Tools for this Plan
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Frequently Asked Questions about LIC Jeevan Azad
Get quick answers to the most common questions regarding LIC Jeevan Azad (Table 868) premiums, bonus rates, and maturity.
Q1: What is the Premium Paying Term (PPT) under LIC Jeevan Azad (868)?
⌄
The Premium Paying Term in Jeevan Azad is always 8 years less than the policy term. For example, for a 15-year term, you pay premiums for only 7 years; for an 18-year term, pay 10 years; and for a 20-year term, pay only 12 years.
Q2: What is the maximum Sum Assured in Jeevan Azad?
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LIC Jeevan Azad is a micro/budget savings plan with a maximum Sum Assured limit of ₹5,00,000 per individual life.
Q3: Is there any medical examination required for Jeevan Azad?
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For healthy individuals within eligible age limits, non-medical underwriting is typically permitted, making the issuance hassle-free.