LIC Jeevan Azad Calculator

December 6, 2025 • 3 min read • lic calculator

LIC Jeevan Azad Calculator – Protection & Savings in One Plan

LIC’s Jeevan Azad (Plan 768) is a protection-plus-savings life insurance plan with a limited premium payment term. Our LIC Jeevan Azad Calculator helps you estimate your premiums, maturity value, death benefit, and overall returns based on your age, sum assured, and policy term.

LIC’s Jeevan Azad (Plan 768) Calculator

Protection & Savings Plan with Limited Premium Payment

Min: 30 days, Max: 50 Years
Choose between 15 to 20 years
Range: ₹2 Lakh to ₹5 Lakh (Multiples of ₹25k)
Auto: Policy Term – 8 Years
Choose your payment frequency
Age + Policy Term (Max 70)
Note: Premium calculations are based on official LIC rates. Actual premiums may vary based on age, health, and underwriting. GST rates (4.5% 1st Year, 2.25% thereafter) are as per current regulations.

CHOOSE A PLAN (Premiums with GST)

Jeevan Azad plan presentation prepared for you.

Yearly

₹12,324
Base+Rebate: ₹11,793
GST (4.5%): ₹531
Total: ₹12,324

Half Yearly

₹6,337
Base+Rebate: ₹6,064
GST (4.5%): ₹273
Total: ₹6,337

Quarterly

₹3,229
Base+Rebate: ₹3,090
GST (4.5%): ₹139
Total: ₹3,229

Monthly (NACH)

₹1,083
Base+Rebate: ₹1,036
GST (4.5%): ₹47
Total: ₹1,083
Premium includes mode rebates & GST. First Year GST Rate: 4.5%, Second Year onwards: 2.3%

CALCULATION DETAILS

Basic Sum Assured (BSA):₹2,00,000
Age at Entry:30 Years
Policy Term (PT):18 Years
Premium Paying Term (PPT):10 Years
Sum Assured on Death (SAD):₹2,00,000
Selected Premium Mode:Yearly
Estimated Annual Premium (Base):₹12,034
Sum Assured on Death is ₹2,00,000. Minimum Death Benefit is 105% of total premiums paid.
Key Features: Limited Premium Payment (PT-8 Years). Maturity = BSA. Loan, Surrender, Paid-up Value available. Max BSA ₹5 Lakh per life. Optional Riders available (AD&DB, AB, PWB). Terms & Conditions Apply.

MATURITY BENEFIT (ON SURVIVAL) Guaranteed

Guaranteed Maturity Benefit
₹2,00,000

Maturity Benefit (‘Sum Assured on Maturity’) is equal to the Basic Sum Assured and is guaranteed by LIC for in-force policies.

DEATH BENEFIT FOR NOMINEE Guaranteed

Sum Assured on Death (SAD):₹2,00,000
Total Payable (Natural Death):₹2,00,000

Death Benefit = Sum Assured on Death (Higher of BSA or 7× Annual Premium). Minimum 105% of total premiums paid. Risk commencement & tax conditions apply.

Year-wise Policy Details (Illustrative)

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End of Year Age Cumulative Premium (Approx. ₹) Death Benefit (Approx. ₹) Maturity Benefit (₹)

Premiums are estimates including rebates & GST. Death Benefit = Sum Assured on Death. Maturity Benefit = Basic Sum Assured. Surrender/Loan values are not shown.

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This tool makes it easy to understand how much you need to invest and what benefits you will receive at maturity—ensuring you make a confident and well-informed financial decision.

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LIC Jeevan Azad Calculator

What You Can Calculate:

  • Annual, quarterly, or monthly premiums
  • Total premium payable
  • Maturity benefit (Sum Assured + Bonuses)
  • Death benefit
  • Policy returns over the chosen term

Plan smarter with the LIC Jeevan Azad (Plan 768) Calculator—your quick way to compare benefits and estimate savings under this limited-premium policy.

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