LIC 50 Lakh Policy Calculator 2026: Premiums & Payouts

Compare premium costs, maturity returns, and life cover configurations for a ₹50 Lakh Sum Assured policy.

₹50 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	₹6,000	❌ None (Death Only)	-
Jeevan Labh (736)	Limited Pay Endowment	25 Yrs / 16 Yrs	₹2,86,500	₹1.40 Crore	4.83%
Jeevan Anand (715)	Endowment + Whole Life	20 Yrs / 20 Yrs	₹2,53,000	₹1.04 Crore	6.45%

✅ 100% Tax-Free Return Status

Because the annual premium of Jeevan Labh (₹2,86,500) and Jeevan Anand (₹2,53,000) 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.

💼 Underwriting & ITR Requirements (₹50 Lakh Sum Assured)

Proposing a high cover of ₹50 Lakh triggers financial and medical underwriting rules. For ages up to 35, LIC will require 3 years of income tax returns (ITRs) or Form 16 to check eligibility, along with a set of basic medical examinations (ECG, CBC, and Urine test). If you are looking for non-medical limits, consider keeping the Sum Assured under ₹50 Lakhs.

How to Plan for a ₹50 Lakh Life Cover

A large Sum Assured of ₹50 Lakh is designed for comprehensive estate planning and income replacement for high-earning individuals. Due to the high cover amount, LIC requires financial verification (e.g., 3 years of ITRs) and medical examinations. Additionally, if you select a savings-oriented policy like Jeevan Labh, your premium of ₹2,86,500 per year means the maturity returns of ₹1.40 Crore will be taxable. In contrast, opting for a pure protection term plan keeps your premium low at ₹6,000 while ensuring your family gets a tax-free death claim.

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

LIC Tech Term (Plan 854) — Pure Cover: Get a ₹50 Lakh death cover for a tiny annual premium of ₹6,000. There is no maturity benefit, but it provides the highest coverage ratio.
LIC Jeevan Labh (Plan 736) — High Yield Savings: Save ₹2,86,500 annually for 16 years, and receive a maturity payout of ₹1.40 Crore after 25 years. Returns are fully tax-free.
LIC Jeevan Anand (Plan 715) — Endowment + Lifetime Protection: Save ₹2,53,000 annually for 20 years, receive a maturity payout of ₹1.04 Crore, and enjoy a continued life cover of ₹50 Lakh for the rest of your life.

हिं

एलआईसी ₹50 लाख पॉलिसी — Hindi Guide

यदि आप ₹50 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 ₹6,000 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 ₹1.40 Crore मिलते हैं।

•न्यूनतम बीमा राशि: ₹50,00,000
•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 ₹6,000 per year. An Endowment plan (Jeevan Anand) costs approximately ₹2,53,000 per year. A limited-premium plan (Jeevan Labh) costs approximately ₹2,86,500 per year.

For a ₹50 Lakh Sum Assured under Jeevan Labh (Plan 736) with a 25-year term (pay for 16 years), the estimated maturity payout is approximately ₹1.40 Crore. This payout is completely tax-free under Section 10(10D) as the annual premium of ₹2,86,500 is below the ₹5 Lakh statutory threshold.