LIC Jan Suraksha Plan 880 Calculator

Plan 880 (UIN: 512N388V01) - Micro Insurance & Guaranteed Additions

Age of Life Assured (Years) Eligibility: 18 to 55 Years.

Basic Sum Assured (₹) Min: ₹1,00,000 | Max: ₹2,00,000 (Multiples of ₹5000)

Policy Term (Years) Term: 12-20 Yrs. (Premium Paying Term = Term - 5 Yrs)

Purchase Channel Note: Online purchase gives +1% Extra GA.

Premium Payment Mode

LIC's Accident Benefit Rider Additional Sum Assured for Accidental Death.

Important: Premiums include GST (4.5% in Year 1, 2.25% thereafter).
Premium Paying Term (PPT) is ... Years (Limited Pay).

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Year	Age	Premium (Base)	GA Added	Total GA	Maturity	Death Benefit

*GA = Guaranteed Additions (4% + incentives). Death Benefit = Higher of 7x Annual Premium or BSA + Accrued GA.

Maturity Benefit = Basic Sum Assured + Total Accrued Guaranteed Additions.

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Plan Type: Non-Linked, Non-Participating, Micro Insurance.
Guaranteed Additions (GA): 4% of Annualized Premium per year.
Incentives:
- High SA: +0.25% GA for ₹2,00,000 SA.
- Online Mode: +1.00% GA if bought online.
Limited Premium: You pay for (Policy Term minus 5) years only.
Loan: Available after 1 full year of premiums.