LIC 20 Lakh Policy Calculator 2026: Premiums & Payouts

Compare premium costs, maturity returns, and life cover configurations for a ₹20 Lakh Sum Assured policy.

₹20 Lakh Policy Comparison (30 Yr Proposer, Healthy)

LIC Policy Plan	Plan Type	Policy/Pay Term	Approx. Annual Premium	Est. Maturity Payout	XIRR
Tech Term (854)	Pure Protection (Term)	30 Yrs / 30 Yrs	₹2,400	❌ None (Death Only)	-
Jeevan Labh (736)	Limited Pay Endowment	25 Yrs / 16 Yrs	₹1,14,600	₹56.00 Lakh	4.83%
Jeevan Anand (715)	Endowment + Whole Life	20 Yrs / 20 Yrs	₹1,01,200	₹41.60 Lakh	6.45%

✅ 100% Tax-Free Return Status

Because the annual premium of Jeevan Labh (₹1,14,600) and Jeevan Anand (₹1,01,200) remains below the ₹5 Lakh statutory threshold, all maturity returns and death payouts from this policy will be completely tax-free under Section 10(10D) of the Income Tax Act.

How to Plan for a ₹20 Lakh Life Cover

A Sum Assured of ₹20 Lakh represents a solid standard protection cover for middle-class Indian families. This scale of cover is sufficient to support a family for several years or cover outstanding liabilities like a car loan or personal loan. An annual premium of ₹2,400 secures full term protection, whereas investing ₹1,14,600 in Jeevan Labh yields a guaranteed tax-free return of ₹56.00 Lakh at maturity.

Depending on your primary goal, you can select from the following configurations:

LIC Tech Term (Plan 854) — Pure Cover: Get a ₹20 Lakh death cover for a tiny annual premium of ₹2,400. There is no maturity benefit, but it provides the highest coverage ratio.
LIC Jeevan Labh (Plan 736) — High Yield Savings: Save ₹1,14,600 annually for 16 years, and receive a maturity payout of ₹56.00 Lakh after 25 years. Returns are fully tax-free.
LIC Jeevan Anand (Plan 715) — Endowment + Lifetime Protection: Save ₹1,01,200 annually for 20 years, receive a maturity payout of ₹41.60 Lakh, and enjoy a continued life cover of ₹20 Lakh for the rest of your life.

हिं

एलआईसी ₹20 लाख पॉलिसी — Hindi Guide

यदि आप ₹20 लाख का बीमा कवर (Sum Assured) लेना चाहते हैं, तो आपके पास 2 मुख्य रास्ते हैं: 1. टेक टर्म प्लान (Tech Term Plan 854): यह एक शुद्ध टर्म इंश्योरेंस है। इसका वार्षिक प्रीमियम केवल ₹2,400 के आसपास होगा। 2. जीवन लाभ (Plan 736): यह बचत और सुरक्षा का मिश्रण है। इसमें भुगतान अवधि केवल 16 वर्ष होती है और मैच्युरिटी पर करीब ₹56.00 Lakh मिलते हैं।

•न्यूनतम बीमा राशि: ₹20,00,000
•नॉमिनी के लिए कर-मुक्त भुगतान: धारा 10(10D) के तहत मृत्यु दावा राशि कर-मुक्त

Frequently Asked Questions

The premium varies heavily based on the type of plan and entry age. For a 30-year-old: A pure Term Plan (Tech Term) costs approximately ₹2,400 per year. An Endowment plan (Jeevan Anand) costs approximately ₹1,01,200 per year. A limited-premium plan (Jeevan Labh) costs approximately ₹1,14,600 per year.

For a ₹20 Lakh Sum Assured under Jeevan Labh (Plan 736) with a 25-year term (pay for 16 years), the estimated maturity payout is approximately ₹56.00 Lakh. This payout is completely tax-free under Section 10(10D) as the annual premium of ₹1,14,600 is below the ₹5 Lakh statutory threshold.