PolicyBros.in

New Endowment Plan Calculator

Plan 714UIN: 512N277V03

Classic savings plan with life cover and guaranteed bonuses

Calculate Your Premium

Eligibility: 8 to 55 years

Minimum: ₹1,00,000

View full plan details for New Endowment Plan→
Estimated Premium

Annual Premium

₹7,150

GST-exempt (individual life cover)

Annual Premium

₹7,296

Sum Assured

₹1,00,000

Term

15 years

Total Premium

₹1,07,251

Projected Maturity

~5.50% p.a. (XIRR)

₹1,69,000

Sum assured ₹1,00,000 + projected bonus ₹69,000. Bonus held flat at latest declared (2025-26) (46/1,000/yr). Indicative, not guaranteed.

Add riders

Benefits at a Glance

Death Benefit

Sum Assured + accumulated bonuses paid to nominee

Maturity Benefit

Sum Assured + accumulated bonuses

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)
Official Premium Table(from LIC Sales Brochure)
Age15 yr25 yr35 yr
20 yrs₹14,543₹8,369₹5,949
30 yrs₹14,592₹8,497₹6,213
40 yrs₹14,847₹8,987₹6,958

Annual premiums in Rs. for BSA of ₹2,00,000. Standard lives. Exclusive of taxes.

Mode Rebates: Yearly: -2% of Tabular Premium | Half-Yearly: -1% of Tabular Premium | Qtr/Monthly: NIL

High Sum Assured Rebate

Sum Assured RangeRebate
₹2,00,000 to less than ₹5,00,000Nil
₹5,00,000 to less than ₹10,00,0002.50‰ BSA
₹10,00,000 and above4.00‰ BSA

Important Disclaimer

These premium rates are indicative, sourced from official LIC Sales Brochures. Actual premiums may differ based on underwriting, medical examination, and other factors. Individual life insurance is GST-exempt since Sep 2025. Please consult your insurance advisor or nearest LIC branch for exact premium quotes before making any purchase decisions.

Last verified: 2026-03-21

Calculate Premium for Other Plans

Single Premium Endowment Plan

Plan 717

New Jeevan Anand

Plan 715

Jeevan Lakshya

Plan 733

Jeevan Labh

Plan 736

Amritbaal

Plan 774

Bima Jyoti

Plan 760

Nav Jeevan Shree

Plan 912

Bima Lakshmi

Plan 881

Jeevan Umang

Plan 745

Jeevan Utsav

Plan 771

Jeevan Utsav Single Premium

Plan 883

Bima Shree

Plan 748