LIC Jeevan Umang Calculator: Plan Your Financial Future Easily in 2025-26

LIC Jeevan Umang Calculator is one of the most easy to use tool to calculate your income. LIC Jeevan Umang Policy is one of the most trusted investment cum insurance plan in India. In today’s fast-paced financial world securing your future with this type of investment policy is essential.

It also provides a kind of stable income stream for post-retirement plan.This insurance plan offered by Life Insurance Corporation of India (LIC). If you are looking for a long-term wealth creation or lifetime coverage then, this policy is a great option.

What is LIC Jeevan Umang Policy?

LIC Jeevan Umang Policy (Plan No. 945) is a whole life assurance policy that offers both at the same time; insurance coverage as well as guaranteed income benefits. It provides financial security to the policy holder and their whole family in different ways like;

• Death Benefit: In a death benefit policy holder receives; lump sum payment to the nominee in case of the policyholder’s demise.
• Survival Benefits: In the survival benefits, you can get annual payouts starting from the end of the premium payment term until the maturity of the policy.
• Maturity Benefit: In this maturity benefits, receives a lump sum amount at the end of the policy term.

So, basically this plan is ideal for those individuals who are looking for a combination of life insurance and pension like benefits.

Key Features of LIC Jeevan Umang Policy (Updated July 2025):

• Policy Type: Whole Life Insurance (Participating)
• Policy Term: Lifetime (100 years of age)
• Premium Paying Term: 15, 20, 25, or 30 years
• Minimum Sum Assured: ₹2,00,000
• Survival Benefit: 8% of Basic Sum Assured yearly after premium paying term
• Death Benefit: Sum Assured + Bonus + Final Additional Bonus (FAB)
• Maturity Benefit: Paid at 100 years of age

LIC Jeevan Umang Calculator: What It Is & How It Works?

The LIC Jeevan Umang Calculator is a kind of an online tool which is designed to help users to calculate these below things:

• Premium Amount (Yearly, Half-Yearly, Quarterly, Monthly)
• Maturity Value (Total returns at the end of the policy term)
• Yearly Survival Benefits
• Surrender Value (Amount received if the policy is discontinued)

So, basically it helps you to estimates your financial commitments and returns before investing in any kind of plan.

Key Features of the LIC Jeevan Umang Calculator

1. User-Friendly Interface:The interface of the calculator is just easy and simple. All you need is simply enter details like age, sum assured, and policy term.
2. Accurate Projections: It Provides near-exact calculations based on LIC’s latest interest rates (updated as of July 2025). So that users can get a perfect data for their investments.
3. Flexible Inputs: In the calculator, you can adjust premium payment modes like; Yearly, Monthly, etc. to see different scenarios of outcomes.

How to Calculate LIC Jeevan Umang 945 Premium and Maturity

The LIC Jeevan Umang 945 is one of the popular variant of the LIC policy. Here is a calculation steps of calculator for premiums and maturity benefits.

Step 1 Visit official website:

At 1st step all you need is to visit the official LIC website or use an updated AI-powered calculator tool for calculation.

Step 2 Enter Basic Details:

• Age: 30 years
• Sum Assured: ₹10,00,000
• Policy Term: 40 years
• Premium Payment Term: 20 years

Step 3 Select mode of payment for premium:

Here are 4 options for the payment mode like;

Yearly / Half-Yearly / Quarterly / Monthly

Step 4 Check Results:

• Estimated Annual Premium you can receive: ₹50,000 (approx.)
• Survival Benefit: ₹80,000 per year after premium term
• Maturity Benefit: ₹10,00,000 + accrued bonuses

In this premiums may be different based on term, age or bonuses which is declared by LIC.

LIC Jeevan Umang Surrender Value Calculator

If you decide to discontinue the policy; then LIC Jeevan Umang Surrender Value Calculator will helps you to estimates the amount you will receive.

You can surrender the policy after paying at least 3 full years of premium. The surrender value is depends on the calculation as per the surrender situation.

How Surrender Value is Calculated?

• Guaranteed Surrender Value (GSV): In this you can receive 30% of total premiums paid which is after 3 years of premium.
• Special Surrender Value (SSV): Special surrender value is higher than GSV and based on LIC’s discretion.

Here is an example:

• Total Premiums Paid: ₹5,00,000
• Surrender Value After 5 Years: ₹1,50,000 (approx.)

You can check this by using the LIC Jeevan Umang Surrender Value Calculator, it is available on third-party finance tools or by contacting your LIC agent.

LIC Jeevan Umang Mobile App Calculator 2025

LIC also offers a mobile application where you can use the calculator directly. It has some easy features like;

• Calculator for all LIC plans
• Notifications for premium due dates
• Policy tracking
• Claim tracking and support

You can download this app from Google Play store or Apple Store. The name of application is “LIC Customer App”.

Comparison: LIC Jeevan Umang vs Other LIC Plans

Here is small comparison table for LIC Jeevan Umang Policy, LIC New Jeevan Anand and LIC Jeevan Labh.

Conclusion

The LIC Jeevan Umang Calculator is an essential tool in 2025 for anyone who are looking for this policy. Whether you’re evaluating premiums, survival benefits, or maturity amounts, this tool will helps you to make smarter financial decisions.

So, if you’re planning for a secure financial future with lifetime benefits, LIC Jeevan Umang is a policy worth it.

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