LIC Jeevan Lakshya (733) Calculator
LIC's Jeevan Lakshya (Plan 733) Calculator
Estimate premium and potential benefits for LIC's Jeevan Lakshya Plan (UIN: 512N297V03).
CHOOSE A PLAN (1st Year Premiums incl. GST)
Hello Sanjay, this Jeevan Lakshya plan presentation is prepared for you.
Premium includes GST. First Year Rate: 4.5%, Second Year onwards: 2.25%.
CALCULATION DETAILS
| Basic Sum Assured: | ₹ |
| Age: | |
| Policy Term (PT): | Years |
| Premium Paying Term (PPT): | Years |
| Sum Assured on Death (Higher of 7xAP or 110% BSA): | ₹ |
| Annual Income Benefit (10% BSA - on Death): | ₹ |
| Lump Sum at Maturity (If Death Occurred): | ₹ |
| AD&D Rider Sum Assured: | ₹ |
| Term Rider Sum Assured: | ₹ |
On Death during term, family receives: 1) Annual Income Benefit (₹ ) every year till policy anniversary prior to maturity, AND 2) Assured Absolute Amount (₹ which is 110% BSA) + Bonuses at Maturity. Min Death Benefit: 105% of total premiums paid.
MATURITY BENEFIT (ON SURVIVAL) (Approx. @8% illustration)
| Basic Sum Assured | Bonus (approx. @8%) | FAB (approx. @8%) | Total Maturity (approx. @8%) |
|---|
| ₹ | ₹ | ₹ | ₹ |
Maturity value on Survival = Basic Sum Assured + Vested Simple Reversionary Bonus + Final Additional Bonus (FAB) if any. Bonuses are illustrative based on 8% p.a assumed return and are not guaranteed.
PLAN BENEFITS FOR NOMINEE (ON DEATH) (Approx. @8%)
| 1. Annual Income Benefit (Till Policy End): | ₹ p.a. |
| 2. Lumpsum at Maturity (110% Basic SA): | ₹ |
| 3. Bonus at Maturity (Approx. @8%): | ₹ |
| 4. FAB at Maturity (Approx. @8%): | ₹ |
| (+) Term Rider Benefit (If Opted, On Death): | ₹ |
| (+) AD&D Rider Benefit (If Opted, On Acc. Death): | ₹ |
| Total Benefit (Natural Death - Approx. @8%) Paid Over Time | ₹ |
| Total Benefit (Accidental Death - Approx. @8%) Paid Over Time | ₹ |
Assumes illustrative death during policy year 10. Bonuses are illustrative (@8%). Income benefit is paid annually from year after death till maturity year. Lumpsum (110% BSA + Bonus + FAB) and Rider benefits paid at appropriate time (Maturity/Death). Tax benefits u/s 10(10D) subject to conditions.
The table below shows guaranteed values and illustrative non-guaranteed benefits @4% and @8% p.a.
| Policy Year | Annual Premium | Guaranteed Benefits | Illustrative Benefits @4% pa | Illustrative Benefits @8% pa |
| GSV | Death (Lump Sum@Mat) | Bonus | Death (Total Value) | Surrender | Bonus | Death (Total Value) | Surrender |
Important: Bonus/Non-Guaranteed values are illustrative based on assumed rates (4% & 8%) and NOT guaranteed. Actual results depend on LIC's performance. GSV applies after 2 full years' premiums. Death Benefit includes Annual Income & Lumpsum at Maturity.
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Published on: April 3, 2026
Sanjay Verma
Sanjay Verma is a financial content creator specializing in LIC policies, insurance planning, and calculator-based guides. He focuses on simplifying complex insurance concepts into practical, easy-to-understand content that helps readers make confident financial decisions. Through detailed research and structured analysis, Sanjay aims to provide clear, reliable, and user-focused information for smarter policy selection.
