LIC New Endowment Calculator

December 6, 2025 • 3 min read • lic calculator

LIC New Endowment Calculator (Plan 714) – Estimate Premium & Benefits

LIC’s New Endowment Plan (Plan 714) is a popular savings-cum-protection policy designed to provide financial security along with a guaranteed maturity benefit. With the Plan 714 LIC New Endowment Calculator, you can quickly estimate your premium, maturity value, bonuses, and death benefit by entering your age, policy term, and sum assured.

LIC New Endowment Plan (714)

Protection + Savings with Bonus Participation

Min: 8 completed, Max: 50 years (nearer birthday)
Choose between 12 to 35 years
Min: ₹2L (₹5k multiples up to 4.5L, ₹50k: 4.5-9L, ₹1L above)
Age + Policy Term (Max: 75 Years)
Choose your payment frequency
Regular premium payment throughout term
Bonus Participation Plan: LIC’s New Endowment Plan offers guaranteed death and maturity benefits PLUS bonus participation. Bonuses shown are illustrative based on historical rates (₹45 per ₹1000 SA per year + FAB ₹30 per ₹1000) and are not guaranteed.

PREMIUM OPTIONS (with GST & Rebates)

Choose your preferred payment mode for the New Endowment Plan.

Yearly

₹22,890
Base+Rebate: ₹21,900
GST (4.5%): ₹990
Total: ₹22,890

Half Yearly

₹11,704
Base+Rebate: ₹11,200
GST (4.5%): ₹504
Total: ₹11,704

Quarterly

₹5,958
Base+Rebate: ₹5,700
GST (4.5%): ₹258
Total: ₹5,958

Monthly (NACH)

₹2,002
Base+Rebate: ₹1,916
GST (4.5%): ₹86
Total: ₹2,002
Premium includes mode rebates & high SA rebates. First Year GST: 4.5%, Second Year onwards: 2.25%

PLAN DETAILS

Entry Age:30 Years
Policy Term:20 Years
Premium Paying Term:20 Years
Maturity Age:50 Years
Basic Sum Assured:₹5,00,000
Sum Assured on Death:₹15,33,000
Sum Assured on Maturity:₹5,00,000
Annual Premium (Base):₹21,900
Selected Payment Mode:Yearly
Key Benefits: Death Benefit = Higher of BSA or 7x Annual Premium. Maturity = BSA + Bonuses. Loan available after 1 year. Surrender after 1 year. Riders available. Tax benefits u/s 80C & 10(10)D.

ESTIMATED BENEFITS (Illustrative with Sample Bonus)

Maturity Benefit

₹9,65,000
BSA + Estimated Simple Reversionary Bonus + FAB (Based on past rates @ ₹45 per ₹1000 per year – not guaranteed)

Death Benefit

₹20,33,000
Sum Assured on Death + Estimated Accrued Bonuses + FAB (Minimum 105% of premiums paid)
Important: Bonus rates are illustrative. Actual bonuses declared annually by LIC based on surplus and are not guaranteed. Death benefit assumes death after policy is in-force.

Year-wise Policy Details (Illustrative)

▼
Year Age Cumulative Premium (₹) Annual Bonus (₹) Total Bonus (₹) Death Benefit (₹)

Disclaimer: Bonus rates shown are illustrative (@₹45 per ₹1000 SA per year + FAB @₹30 per ₹1000 at maturity, based on historical data). Actual bonuses are declared annually by LIC and are not guaranteed. Death benefit assumes risk commencement. Riders not included.

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This tool helps you understand how much you need to invest and what returns you can expect, making long-term financial planning simple and transparent.

What the Calculator Helps You With:

  • Premium calculation (monthly, quarterly, yearly)
  • Total premium payable over the policy term
  • Estimated maturity benefit with bonuses
  • Death benefit as per LIC’s guidelines
  • Savings projection for long-term financial goals

Plan confidently with the LIC New Endowment (Plan 714) Calculator—fast, accurate, and easy to use.

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