LIC Jeevan Umang Plan 745 Calculator 2026
Calculate annual survival income (8% of SA), total maturity value, and lifetime risk cover for LIC Jeevan Umang — the whole life plan with regular income. Updated for 2026.
What is the annual income from a 10 Lakh Jeevan Umang policy?
For a ₹10 Lakh Sum Assured under Jeevan Umang Plan 745, you receive ₹80,000 per year (8% of SA) as annual survival benefit after the premium paying term ends. With a 20-year PPT and ₹45/1000 bonus rate, the total maturity value at age 100 would include ₹10L SA + ₹9L reversionary bonus + terminal bonus, in addition to all annual payouts received.
LIC Jeevan Umang (Plan 745) — Historical Bonus Rates
Official LIC bonus rates declared per ₹1,000 Sum Assured.
| Year | Reversionary Bonus Rate (per ₹1,000 SA) | Terminal Bonus Rate (per ₹1,000 SA) |
|---|---|---|
| 2026 | ₹45 per ₹1,000 | ₹400 per ₹1,000 |
| 2025 | ₹45 per ₹1,000 | ₹400 per ₹1,000 |
| 2024 | ₹45 per ₹1,000 | ₹350 per ₹1,000 |
| 2023 | ₹44 per ₹1,000 | ₹300 per ₹1,000 |
| 2022 | ₹44 per ₹1,000 | ₹280 per ₹1,000 |
Key Features of Jeevan Umang Plan 745
🌟 Annual Survival Income
Receive 8% of Sum Assured every year after the premium paying term ends, providing a pension-like income stream.
🛡️ Lifetime Risk Cover
Coverage continues until age 100, with the full Sum Assured + bonuses paid on death at any age.
📈 Bonus Accumulation
Reversionary bonus at ₹45/1000 SA (2026 rate) plus terminal bonus, all paid as lump sum at maturity or death.
💰 Tax-Free Benefits
All survival benefits and maturity payout are fully tax-exempt under Section 10(10D) if premiums are within limits.
How Does LIC Jeevan Umang Work?
LIC Jeevan Umang is a unique whole life plan designed for individuals who want both life protection and a regular income stream. Unlike traditional endowment plans where you receive a single maturity payout, Jeevan Umang provides annual survival benefits starting from the end of the premium paying term until the policyholder reaches age 100.
The plan operates in two phases: During the premium paying phase (15 to 30 years), the policyholder pays regular premiums and accumulates reversionary bonuses. In the benefit phase, which starts after the PPT ends, the policyholder receives 8% of the Sum Assured as an annual survival benefit without paying any further premiums. This makes it an excellent retirement planning tool.
Jeevan Umang vs Jeevan Anand — Quick Comparison
| Feature | Jeevan Umang (745) | Jeevan Anand (715) |
|---|---|---|
| Plan Type | Whole Life (till age 100) | Endowment + Whole Life |
| Annual Income | ✅ 8% of SA/year | ❌ No periodic payout |
| Maturity Payout | At age 100 (SA + bonuses) | At term end (SA + bonuses) |
| Typical Bonus | ₹45/1000 SA | ₹44/1000 SA |
| Best For | Retirement income | Lump sum savings |
Step-by-Step Example: ₹10 Lakh Jeevan Umang
Example: 30-year-old, ₹10L SA, 20-year PPT
- Annual Premium: ≈ ₹52,000 (paid for 20 years)
- Total Premiums Paid: ₹10,40,000
- Annual Survival Benefit: ₹80,000/year (from age 50 onwards)
- Survival Benefits till Age 100: ₹80,000 × 50 years = ₹40,00,000
- Maturity at Age 100: ₹10L + ₹9L bonuses + terminal bonus ≈ ₹23,00,000
- Total Benefits: ₹40L (survival) + ₹23L (maturity) = ₹63,00,000
Tax Benefits of Jeevan Umang
Premiums paid towards Jeevan Umang qualify for tax deduction under Section 80C up to ₹1.5 Lakhs per year (under the old tax regime). All survival benefits received and the final maturity/death payout are fully exempt from income tax under Section 10(10D), provided the annual premium does not exceed 10% of the Sum Assured. This makes Jeevan Umang an excellent tax-efficient retirement income tool.
एलआईसी जीवन उमंग प्लान 745 कैलकुलेटर — LIC Jeevan Umang in Hindi
एलआईसी जीवन उमंग प्लान 745 (LIC Jeevan Umang Plan 745) एक होल लाइफ प्लान है जो प्रीमियम भुगतान अवधि (PPT) समाप्त होने के बाद हर साल बीमा राशि का 8% वार्षिक आय के रूप में देता है। उदाहरण: यदि आपकी बीमा राशि ₹10 लाख है और PPT 20 साल है, तो 20 साल के बाद आपको हर साल ₹80,000 की आय मिलती है — बिना किसी अतिरिक्त प्रीमियम भुगतान के। यह 100 वर्ष की आयु तक जारी रहता है। 100 वर्ष की आयु पूरी होने पर या मृत्यु पर, बीमा राशि + संचित बोनस + टर्मिनल बोनस का भुगतान किया जाता है। सभी लाभ धारा 10(10D) के तहत कर-मुक्त हैं।
- •प्रीमियम भुगतान अवधि: 15, 20, 25, या 30 वर्ष
- •न्यूनतम बीमा राशि: ₹2,00,000
- •प्रवेश आयु: 90 दिन से 55 वर्ष तक
- •2026 बोनस दर: ₹45 प्रति ₹1,000 बीमा राशि
- •टैक्स लाभ: Section 80C + Section 10(10D)
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