LIC’s Jeevan Shree Plan 112 -All details with calculators
Jeevan Shree (Plan No 112) was the first plan specially introduced by LIC of India to cater to the needs of the high-income segment of the market. Jeevan Shree is a limited payment Endowment Assurance plan with a guaranteed addition of Rs 75 per 1000 Sum Assured and a minimum Sum Assured of Rs. 5,00,000.
Jeevan Shree was introduced on 16/01/1995 and withdrawn on 01/02/2002. Hence it is no more available for sale. Here at InsuranceFunda, we get a lot of queries about this plan. This article will help you to understand all its details. Calculators provided in this article can help you to understand the maturity benefit, insurance coverage, and other details of the plan.
Read more: Read complete details of LIC’s Jeevan Shree -1 (Plan 162) (Successor of Jeevan Shree Plan 112 – introduced after it’s withdrawal).
Jeevan Shree (Plan 112) - Salient features
- Limited payment endowment assurance plan.
- Guaranteed Additions of Rs 75 per 1000 Sum Assured.
- If at least 5 full years premiums have been paid, the policy will become eligible for ‘Loyalty Additions’ along with the maturity benefit.
- Additional Accidental Death Coverage(DAB) and Extended Permanent Disability Benefit(EPDB) is not available but permanent disability benefit (of the first Rs.20000 on all policies held together) is available.
- The policy will acquire special surrender value after completion of even a single policy year, provided the premiums have been paid for at least 1/10th of the premium paying term.
Jeevan Shree (Plan 112) - Eligibility and restrictions
Jeevan Shree (112) Eligibility and restrictions | ||
---|---|---|
Minimum | Maximum | |
Age at entry | 18 Years Completed | 60 Years Nearer Birthday |
Sum Assured | 5 Lakh and multiple of 1 lakh thereafter | No Limit |
Policy Term and Premium Paying Term | ||
Term | Premium Paying Term | |
5 | 1, 2, 3 | |
10 | 1, 2, 3, 4, 6 | |
15 | 1,2, 3, 4, 6, 8,10 | |
20 | 1, 2, 3, 4, 6, 8,10, 12 | |
25 | 1, 2, 3, 4, 6, 8, 10,12, 16 |
Jeevan Shree (Plan 112) Guaranteed Addition
Generally, endowment plans are ‘with profit’ plans, and profit is shared by bonuses declared and added to the policy account every year. Even though Jeevan Shree is an endowment plan it does not have bonuses. Instead Guaranteed additions @ 75 per 1000 Sum Assured is added to the policy every year.

Jeevan Shree (Plan 112) Loyalty Additions
The policy shall be entitled to receive loyalty additions as declared by the corporation from time to time at the time of exit (by way of maturity or death) as a one-time payment. Loyalty addition will depend on completed in force years of the policy as on the date of maturity or date of death. No loyalty addition shall be payable in the event of a policy being surrendered or discounted or made paid up.
The latest Loyalty additions rates of Jeevan Shree plan 112 is given below.
Loyalty Addition payable on Maturity or Death per 1000 Sum Assured | ||||||||
Term of Poilcy-> | 19 | 20 | 21 | 22 | 23 | 24 | 25 | |
Term/ Policy Year on Death or Maturity | 19 | 450 | 200 | 190 | 130 | 100 | 90 | 90 |
20 | 550 | 210 | 195 | 130 | 105 | 100 | ||
21 | 650 | 220 | 190 | 130 | 110 | |||
22 | 800 | 250 | 220 | 140 | ||||
23 | 1000 | 270 | 240 | |||||
24 | 1050 | 300 | ||||||
25 | 1100 |
Jeevan Shree (Plan 112) Premium, Maturity, and Benefits Calculator
Jeevan Shree (Plan 112) – Online calculator can help you to understand all the benefits of the plan easily. Enter your details such as sum assured, term, premium paying term, and age to get all the details of the plan.
Jeevan Shree Plan 112 - Example of benefits
Let us consider an example of a person who has taken a Jeevan Shree policy. Let the details of the person be as follows.
Age | 30 | Sum Assured | 5,00,000 |
Term | 25 Years | Premium Paying Term | 16 Years |
The maturity benefit of the policy includes the Sum Assured + Guaranteed Additions at the rate of 75 per 1000 Sum Assured + Loyalty Additions. As per the latest bonus rates declared by LIC of India Loyalty additions for the 25 Year term are Rs 1100 per 1000 Sum Assured. Guaranteed Additions per year shall be 37500. The Maturity benefit and the premium of the policy shall be as shown below.
Premium and Maturity Benefit of Jeevan Shree - 112 | |||
Premium | Maturity Benefit | ||
Yearly Premium | 25272 | Sum Assured | 5,00,000 |
Half Yearly Premium | 12843 | Guaranteed Addition | 9,37,500 |
Quarterly Premium | 6525 | Loyalty Addition | 5,50,000 |
Monthly Premium | 2175 | Maturity Amount | 19,87,500 |
Other benefits of the plan like insurance coverage and total premium paid can be understood from the illustration given below.

- Read more: Latest Bonus rates declared by LIC of India
Anish L J is a ‘Financial Planner’ and member of Chartered Insurance Institute(CII), London and Insurance Institute of India. He is also a finance, insurance and software consultant. He thoroughly follows the developments in finance, insurance, and other related sectors.
Thank You Anish for a very detailed explanation and providing the calculator. Can you please clarify if the Guaranteed additional bonus is for the premium paying term (16 years) or Policy Term (25 Years). Also the Loyalty addition, it is as of now 1300 per 1000 . How often will this change? is there a possibility of going down also? My policy matures in 2027, can this amount change by then? Thanks again, I had no clarity on the maturity amount, but your article is pretty clear to understand. Calculator is cherry on top of cake.
Hi Hari,
Happy to know that the article has helped you. Guaranteed addition is payable to the policy every year until the end of the term(25 Years). Loyalty addition can change every year slightly depending on the death claim experience of the corporation during that year(among Jeevan Shree policyholders). Actually, you will get only the loyalty addition declared in the year 2027.
Hi Anish, Very nice and easy understandable calculation. Does Jeeven shree have Final Additional Bonus for 15+ yrs policy term?
Jeevan Shree does not have Final Additional Bonus. Instead, it has Loyalty additions. Loyalty Addition rates are mentioned in the post.
Hi Anish,
Can you share the maturity amount i can expect to get from Jeevan shree 112 plan, 5L life cover, Term 20 years, Premium paying term 12 years. Current status : fully paid up. No slippage and active policy. I used calculator and used formulas, am still confused on the exact final maturity amount that i will receive at end of 20 years. Can you help.
Regards,
Sudarsan
16.55 lakhs is your return if the policy matures this year. (Guaranteed Addition of 7.5 lakhs + Sum Assured 5 lakh + Loyalty Addition) Loyalty addition rate can change slightly every year.
Hi Anish,
I have this policy which is fully paid up (completed 16 years last year). It has a sum assured of 6 lac. I am in need of funds at this point. Can you help understand if there is an option of withdrawing some amount from it without any negative repercussions. Also, what is the amount I can expect now if I close it completely.
A loan is available from the policy and that is the easiest option without affecting other benefits of the policy. Contact branch office to get available loan value.
Hi Anish,
Thanks for for a detailed article and information. I have a policy maturing this year and are there any applicable taxes on the return of Rs. 16.55 Lakhs
Hi Ronit,
Maturity amount of Jeevan Shree plan is completely tax free u/s 10(10D) of income tax act
Hiii Anish thanks for d article….I have some doubts can you give your contact number please
I may not be available over the phone. Please post your queries here.
Thank you very much Anish for very Crystal clear calculations of Maturity benefits of Jeevan Shree ( table 112 ) .Can you please provide URL/link of LIC website on which we can see declared rate of Loyality Addition by Corporation from time to time . …Thanks once again for very informative and exact article on Jeevan Shree
Thank you for your nice words of appreciation. So far LIC is not providing the Loyalty Addition rates in the LIC web site. But it is available in the bonus circular released at the time of bonus declaration. You can get the circular in this post- Latest bonus rates of LIC of India.
Thanks you for the clear explanation. I have been searching for the maturity calculator for Jeevan Shree plan 112 for a long time and finally found your page.
Thank You Brijesh, Happy to know that the article helped you.
Hi Anish,
Greetings!!
I started my Jeevan shree 112 in the year 2001 and by 2016 it is fully paid ,24336 is the annual amount I paid ,date of maturity is 28/7/2026 ,so what would be the amount I will be getting and by what time? Please help with the details
Thank you!!!
Hi Venkat,
From the details mentioned by you, I presume that the policy was taken at an age of 18 years with term 25 years and premium paying term 16 years. You can apply these details in the calculator provided in the post to get the expected maturity details. As of now, the expected maturity value is 2087500 which includes Sum Assured of 500000, Guaranteed additions of 937500 and loyalty addition of 650000. These are the rates for a policy maturing this year and can vary based on the loyalty addition rates declared at your year of maturity.
Dear Anish
Really Rs1300 loyalty addition declared for 25 year term. Please confirm. Can u attach that detail please.
Thanks in advance
Hi Ashok,
LIC has declared the loyalty addition rates for the 25-year term. Please refer to this document.
Thanks a lot for the clarification with attachment
Welcome..
Hi Anish,
Greetings!!
My Jeevanshree policy was taken on October 2004 at an age of 24years with term 15 years and premium paying term 10years which will mature on October 2019, can you check the Final maturity amount.
Hope you will send the details
Thanks
Hi Hashif,
You can check the returns at the calculator provided in the post itself by supplying the details. Well, You have not mentioned sum assured. I presume that it is 5lakh. Then the maturity value will be SA+GA =5,00,000+5,62,500=10,62,500. Loyalty addition is not eligible as the term is lower.
Thanks a lot Mr.Anish
Mr.Anish. jeevan shree plan policy for 5lakhs at start on August 2000 for 25 years. After how much I can get amount pls details
Use the calculator provided in the post for the Maturity details. If you have any difficulty let me know.
Mr. Anish,
Please let me know is i am eligible for locality addition or not, also let me now how much i will get at the time of maturity.
My policy is 25 years with 6 years premium paying ( SA 500000) Yearly mode payment.
Regards,
You are eligible for loyalty addition. You can use the calculator provided in the post itself to get indicative maturity amount. Maturity amount includes Sum Assured, Guaranteed additions, and loyalty additions. And for your plan (SA)500000 + (GA) 937500 and (LA)6,50,000* =2087500
*Current year loyalty additions
read it as 16 years premium
*Loyality
Hi sir,
My father taken this policy at the age of 34 years . He paid the premium for 13766 every 6month. DOJ is 14/07/2001 and date of maturity is 14/07/2026. The policy is for 25 years. Last premium paid is on 14 july 2016. The policy gone under medical test now i have to pay 2 premium plus penalty charges ie approx 50k and i i have taken the loan with this policy of rs 3,57,500+129809(interest amount) total due for loan is 4,87,309. So please suggest me what should i do if i only pay the premium of approx 50k then after maturity how much amount I’ll get without paying the loan amount. Please help me out.
Hi Bhavesh,
I understand that you are having an outstanding loan of 357500 and interest is also remaining unpaid. Please pay at least the outstanding interest if possible. If you don’t pay interest it will be added to the principle and interest will be charged.
My suggestion is to clear the interest as the first priority.
Hi Anish, I have taken this policy. (SA – 6 lakh, Period-25 Years). Can you please tell me the maturity value of this policy /
You can use the calculator in the post itself to get the indicative maturity value. Sum Assured of 6,00,000 + Guaranteed addition of 1125000 is guaranteed along with the loyalty addition (Which can vary depending on the maturity year. As per the current rate, the LA shall be 780000 and the total amount shall be 25,05,000.
I think in table 112 Jiban Shree there is no accident death option but your calculation indicates accident coverage. Kindly clarify
Hi Prasanna,
What you told is right. Jeevan Shree does not have an accident death option as other plans but it has a special permanent disability benefit of Rs 20000. I have shown this benefit in the calculation.
Dear Anish ji,
I have chosen Jeevan Shree, Plan-112 in 30-12-2001 , my Premium(Rs. 27066/ year) paid for 16 years .How much ,I will gate if I withdraw now, What is the interest rate I am getting now ? I have taken Home Loan from SBI in 2014 for Rs. [email protected]–Interest rate. If I withdraw the said Policy, about how much will I get on what % of Interest rate? My EMI is about Rs. 480000 /month. What will be your advice ? I will get Rs. 18 Lakh in 2026, which is very late and I would be retire in [email protected] years. I want to complete my home loan before my Retirement ,please advice me ,what to do? Withdrawal the current money and deposit in Home loan account will be OK or not ?
Best Regards
Jitendra
[email protected]
Hi Jitendra,
The figures of EMI and home loan are not matching in your comment. Well what I understand is you want to close Jeevan Shree and invest that amount to close home loan.
Your Jeevan Shree plan is already fully paid up and is not a liability for you any more.
And you are paying your EMI (with out much difficulty) now.
The problem to pay EMI could arise once you retire in 2024 only.
You can think of closing the plan at that time and the surrender value will be high at that time.
This is my suggestion.. any more clarifications?
Hi raj,
I have aa jeevan shree of 500000 , table is of 20 years maturity period ,12 years premium. Policy is of 2001 what will be the maturity amount.
You can use the calculator provided in the post itself to get the maturity value of the Jeevan shree plan. At Maturity you are entitled for Sum Assured of 500000 + Guaranteed Addition of 7.5 lakhs and loyalty addition. Current year loyalty addition rate is 405000 and if your policy is maturing this year you may get 16,55,000.
My maturity final amt will be only 960000 only as I visited the branch today.
Pls advise me the chances of variation in final maturity amount as per your calculator value.
Hi Hashif,
Can you make it a bit more clear? What are the term and sum assured of your policy?
Hi Mr. Anish
Thanks for respond
sum assured 500000
term 15 year
premium paying term 15
maturity date october 2019
maturity amount as per your calculator 1062500, But Lic branch advised it will be only 960000.
can you check how much will be the exact maturity value of this policy.
Hi Hashif,
I think you have taken a Jeevan Shree 112 plan with a sum assured of 500000 and term 15 years. (The maximum premium paying term is 10 years for this plan) Please make sure that you have taken this plan itself. In that case, the guaranteed addition itself is 37500 per year. 37500*15 will be 562500 and along with that, you will get 500000 Sum assured also. Thus the maturity amount will be 1062500. I think there is some misunderstanding. Please ask for calculation details. If you can provide me the policy number I can check it at my end. (send it to [email protected])
Thanks and regards,
Anish.
Hi Anish,
Thanks for a crystal-clear article. Couple of questions:
1. Is the death benefit under this policy (Jeevan Shree – 112) equal to 125% of Sum Assured (plus additions) or is it restricted to just 100% Sum Assured (plus additions)?
2. Which is the best policy in terms of overall returns currently?
Thanks
Puneet
Bangalore
Hi Puneet,
Thank you for the encouraging words. The death benefit of Jeevan Shree plan is (100% of) Sum Assured + Guaranteed additions + Loyalty additions. Based on internal rates of returns, Jeevan Labh (plan 836) offers good returns. There are several other plans also which offers comparable returns. Select a plan based on your needs.
Thank you.
I have paid a premium of Rs.24500 for 16 years and maturity after 25years. What will be the maturity value of this Jeehvan Shree policy
Please use the calculator provided in the post itself to get the maturity value. It is simple and self-explanatory. If you have more doubts let me know.
Hello sir my fater have lic jeevan sree ( with out profit ) policy sum isse is 1000000 premium term is 16 nd policy term is 25 years sir all premiums are pain nd meturity is in 2020 my lic agent is telling sum other meturity nd iam in ur webside its different sir plz help me out for right amount
Jeevan Shree is a plan with Guaranteed additions and for 10 lakh sum assured the Guaranteed additions per year will be 75000 and you will get 75000*25 guaranteed additions at the time of maturity along with the sum assured and loyalty additions. Please ask your agent to explain.
Thank you very much Anish for very Crystal clear calculations of Maturity benefits of Jeevan Shree ( Table 112 ) .
I have choosen Jeevan shree Plan-112 value of Rs. 5,00,000/-with a term of 25 years and premium paying term of 16 years. My Policy Number is 672062949 with DOC as 28/04/1998.I entered at the age of 30 Years.For this policy, I paid a yearly premium of Rs. 28,352/-. Whereas, In the above illustrations for the same kind of policy, it is shown as yearly premium of Rs.25,272/-. Did we pay extra money? If so, what can be done now? If not, any reason for the higher premiums? Thanks once again.
I will look into it and update you.
Hi Cherukuri Radha Krishna prasad,
I checked your policy. Your date of birth as per the policy is 5/7/1958 and as per that your age at entry is 40 Years. Am I right? As per this age the premium is correct for the plan. You told me that the age is 30. Please check and reply.
Anish
Hi Anish- What a beautiful article. No one explained it so eloborate so far. Nice work. Really appreciate it man. I have taken this plan (table:112) in the year 2000 at the age of 29. Premium paying years :16 and term 25. Maturity in 2025. Sum assured is 25,00,000. Premium was 1,29,187 per annum. Pls. Let me know maturity amount. Thanks in advance.
Hi Naga,
Happy to know that the article was useful to you. You can use the calculator provided in the post to get the maturity value. Well, the maturity benefit includes sum assured of 25,00,000 + Guaranteed additions of 46,87,500+ loyalty additions 32,50,000 as per current rate. So the total maturity amount comes to 1,04,37,500. Loyalty additions can change based on the year of maturity.
Hi Anish
I am extremely Sorry. You are Correct. I entered the policy at 40 Years.
Thanks for your reply once again.
Ch R k Prasad
It’s Ok, I wanted to know whether the date of birth was keyed in wrongly.
Hi Anish
As commented by others i found this to be very informative. Cot a couple of questions
1. Is there a similar calculator / illustration for Table 162 ?
2. My understanding about the Guaranteed additions was that the rupees 75 per thousand is only for the first five years and it fluctuates from the 6th year and depends upon the bonus declared by LIC. I would greatly appreciate if you can throw some light here.
Thank you in advance
Plan number 162 and 149 are entirely different and the guaranteed addition patterns are also different. I have not created a calculator for Plan number 162 but I shall do it very soon. Please subscribe for updates. So that you will get informed once the post is published.
Dear Sir Anish jee,
i take jeeven shree in year 1999 march it will mature in 2024 march… 25 years – 16 years premium – assured 500000
loan taken 200000 + int. not paid… so how much i get in 2024 final amount
Thanks in advance
Anand Purohit
If you don’t pay the interest for more than 11 months it will be compounded and interest will be added to the principle. So it is not advisable to keep the loan without paying interest. So try to pay at least the interest. As there is still 5 more years to maturity the interest will be a very huge amount and will eat into your profit. So either close the loan or pay the interest. Maturity amount can be calculated from the calculator provided in the post itself.
How can i know that my question is reach to Sir Anish jee ? Not showing here ?
See the reply for your query…
Hello.sir my father have jeevan sree policy table 112…sum assured 500000….and my father death…policy started 2001.and premium 2016 end…all premium cleared…23.09.2019 my father death….how much get amount recived
Death claim will be around 11,75,000.
No.loyelity bonus
Please elaborate on your doubt.
I have a policy for 5 lakhs taken in 1997 for 25 years. I have paid premium of rs.7087 per quarter regularly for 15 years and a quarter after that, but missed to pay last three quarter premium that is less than a year of paying term(that is approx.22 k ). Tnere was no intimation from LIC to pay tthe premium due, but since i had taken a loan of 3 lakhs they recently send me an sms asking me to pay interest . when i went to pay the interest they told me about my policy lapse because of non payment of just three QUARTERLY premium and since 5 years have lapsed since last premium becoming due, they cannot revive policy (only for 22 k due). under these circumstances when other policies are renewed even after 5 years of premium lapse, why they are not renewing this policy.. your suggestion for my next course of action please..just wanted to know if i can refer to ombudsman since i am losing huge amount of approx.12 lakhs by way of loyalty addition and guaranteed addition just for non payment of 22k for three quarters after paying for 15 years regularly.
Hi Jyoti Shah,
You can give a request at the branch office, seeking permission to revive the policy mentioning how you failed to pay a few installments. They can send the request to the divisional office. There are several instances where permission was granted by the divisional authority for reviving the policy. Try that. You can also mark a copy of the request to the divisional manager and customer relations manager of your division. Let’s see what is the outcome.
Dear sir, I have taken jivan shree when I was 24 years old in 2001. My annual premium is 35651. I have paid it for 12 years successfully. I would to know how much amount I will get when it will be mature? Moreover have I to pay tax on this amount? Which documents have I to submit at the maturity time?
Jeevan Shree is available in three terms. The maturity amount available will vary based on your term of the plan. Please let me know the term. Alternatively you can use the calculator provided in the post itself to get the likely maturity benefit as per the current rates.
Dear Anish, Nice article with clear explanation and calculations. I appreciate your effort. Keep up the good work.
Thank you very much for the nice words of appreciation…
Hi, Great work. New Jeevan shree (table 151) has a slightly lesser GA of 70 per thousand and all other T & Cs are the same. So I presume that the LA which is the uncertain portion should also be 1300 per thousand.. Is that correct?
See the reply to your other query..
Dear sir
Itaken Jeevan Shree plan 112 on of my age 20 years.
I paid premium of 24375 per anum.policy premium completed.of 16 years . On 2026 the maturity period
How much amount I can get in 2026.
Please use the calculator provided in the post itself to get an idea of the likely maturity returns. If you have any difficulty in using it, please let me know.
I am in the age of 47y I should take lic jeevan labh for 21years ppt 16 .whether it is right decision or not
Jeevan Labh is a good plan which provides reasonable returns and insurance coverage as well. I cannot right away comment on your query without having your profile and investment expectations. Find a good advisor who can analyze your needs and decide on the right plan for you.
Hi Anish,
Great article indeed. We rarely get to see this kind of complete details and never imagined the calculator for an LIC policy. I have only seen the calculators for home and personal loans. And really appreciate you answering all our questions. Thank you so very much for this!
I have taken Jeevan Shree without profit (without accident benefit) policy in 1998. Sum assured – 10 lakhs, Policy term – 25 years and payment term – 16 years and it will mature in Mar 2023. I have fully paid this off and the policy is active. But I don’t see the number 112 anywhere in the policy schedule. Is my policy the same policy that you have described above?
Assuming it is the same policy, I tried the calculator with the above details. It’s giving a maturity value of Rs 41,75,000. Can you please confirm?
Thanks,
Ravindra
Hi Ravindra,
Thank you very much for your inspiring words. You should find the plan number in the policy schedule. If you have any difficulty in finding it, please send your policy number to [email protected]. I shall check it and inform you of the details.
Dear Anishji,
How to calculate interest on loan in Jeevan Shree (Old) plan….
Loan taken is 2,08,250/- & till date Oct-2019 interest is 3,00,000/- +
can we know approx final calculations….
Thanks a lot for your invention (calculator) helpful to lots of people
Anand Purohit
The calculation of interest amount is slightly complex. if you want to know the interest applicable so far just call the nearest branch office. If you want to know anything more let me know.
Yes, I found the table no at the bottom of the page. Thanks again for all your help!
Great. Thank you.
I want to make discounted closer of policy in 112 plan is this possible to do this..as i need the money urgently.i have completed 24 yrs of policy and 11 months are remaning for maturity but i want the money now and i dont want to miss the maturity benifits.as i heared that we can take maturity benifit after completing 24 yrs.pls help me its very urgent….
Discounting option is available in the last policy year. You can contact the branch office for that.. they will inform you on the amount you will be getting.. another option is taking a loan..
Hello Anish,
I have Jeevan Shree 112 plan with policy term 25 yrs and Paying term 16 years. Sum assured is 500000. I have some times late payments. Now it is fully paid. What amount I would expect after full maturity?
Please use the calculator provided in the post itself to get the expected maturity amount. If you have any difficulty in using it please let me know.
Dear Anish,
Excellent article. Thanks from the depths of my hear for doing this service which helps multitudes of customers of LIC Jeeval Shree (112) policy
Thank you Vinod,
Happy to see that the article helped you.
Dear Anish,
Thanks a lot for the info in such simple and clear words.
Thank You and happy to see that the article helped you.
INTEREST RATE ON LOAN AGAINST POLICY JEEVAN SHREE TABLE NO. 112
9.5 % is the interest rate applicable as per the LIC circular dated 3/5/2019
Hi Anish,
I have written to the branch office,divisional office as well as the CRN, with entire details, stating that I have missed only the last three quarters , total amounting to only Rs. 22,000/- ,and they may reduce the equivalent sum assured and treat the policy , as in force, or i am ready to pay the balance premium with interest also. However, they have only one answer,that five years have lapsed since the last premium and they cannot revive the policy.
As you are already, aware, that,in this policy, the premium paying term was only 16 years. My premium pending was only for three quarters, and it is not that I have missed five continuous years of premium payment.
Will greatly appreciate, if you can you pls advise me the next course of action, I can take, as , I stand to lose almost 10-12 lakhs of rupees by this, only for not paying Rs.22,ooo/- due to some miscalculation of the last year.I am a senior citizen and this amount means a lot to me at this stage.
I understand your situation and feelings. As per the existing rules and the terms and conditions of the policy, LIC is not liable to pay you the guaranteed additions for the remaining period. But the loss is really huge. The only option available in front of you is to approach Ombudsman. I cannot guarantee you a positive result. Another option is to raise the issue in consumer court. But remember that as per the policy conditions LIC is not liable to pay the amount and there is a chance that these authorities also will abide by this point.
Dear Anish,
Thanks a lot for such a crystal clear article and calculator to find out our final maturity amount. I have been trying to figure this out for years in the past but always failed.
I have small query, what I understood from this article is that the loyalty bonus is declared by LIC every year, so is it also possible that next year the loyalty bonus is less than the one declared this year? Is it possible that the final Loyalty addition
for 2021 can be less than what we are seeing in your calculator today?
Thanks,
Naman Jain
Hi Naman Jain,
Thank you for your nice words of appreciation. Well, the loyalty addition bonus declared for a particular year is applicable only for policies maturing in that particular year. The policies maturing next year will be eligible for loyalty additions declared next year only. We cannot guarantee this years rate for next year. But, unless there is a substantial change in claim experience, a big change is not likely. I think the doubt is cleared.
dear anish
I have taken Jeevan Shree-1 (withaccident benefit) policy in 28/05/2004. Sum assured – 10 lakhs, Policy term – 25 years and payment term – 16 years and it will mature in may 2029. I have fully paid premium my yearly premium are 65499
so i want to know how much amount we will get
If you have any difficulty in using the calculator provided in the post, please let me know..
we taken policy jeevan shree -162 dt 28/05/2004 yearly premium are 65499.00 i have paid ALL 16 premium SO I want to know how much amount we will get after 2029
Please use the calculator provided in the post itself to get the approximate return as per the current rates.
Can you suggest a good lawyer, who is well versed with LIC , and who could take up my case in the Consumer court /competent court. I understand that there is a similar case of Smt. Sangeeta Khera ( Policy No.372067394),where the
claim was settled by the zonal office,LIC Bhopal, as per the Claims Manual, and had opined to pay the full maturity benefits after deducting the unpaid premium alongwith interest @ 12 % p.a. from the Maturity value and the balance amount was paid. Your guidance will be highly appreciated.
Hi Jyoti,
I am not in a position to recommend any lawyer in this regard. Well, if such a verdict is already available you can try in that line. But I am not aware of this case.
Dear Anish,
I have taken 112 policy and fully paid up. 25 years term, fully paid 16 years, 25 years will be ending in 2025. what will be the amount I get on maturity?
Thank you..
Please use the calculator provided in the post itself to get the approximate maturity value as per current rates.
yearly premium was 26727 and sum assured 500000
Hi Anish, Nice article! I have this policy assured at 500000 taken in 2001 and paid in full by 2017. Date of maturity is in 01/2027. As I understand from your calculator, the approximate payout is around 20Lakh in 2027. If I want to cancel this policy today as I am in need of funds, how much would I get paid? Thanks in advance.
Surrender value shall be obtained from the branch office but that is not recommended for this plan with such a high rate of guaranteed additions.
Amount withdrawn before maturity then what will happen
LIC is offering excellent returns for the Jeevan Shree plan. Surrendering before maturity will be a big loss for you comparing the maturity returns you should get otherwise.
Hi sir
Is my uncle policy 112 jeevan shree he started at 2002 end 2017 fully paid but now he died. Before 2 months. What amount will be got right now. Maturity period 2027
He will be eligible for guaranteed additions at the rate of Rs.75 per 1000 sum assured for every year plus the loyalty additions applicable for 17 years. You will be able to get the amount from the branch office. If you have any difficulty, please mail me the policy number to [email protected] and I shall look into it.
Very nice article! Thanks for compiling all the information related to thi LIC policy.
For some audit purposes I need to know the surrender value of My policy since 2014. My policy ( Of 5 lacs) started in 2001 and full paid in 2016 and maturity is in 2025.
I just need rough calculations. I called LIC and they can only tell me current surrender value which is 6,90,000 but can’t give me information on previous years.
Thank you for nice words of appreciation. The surrender value of previous years is not available in the system so you won’t be able to get that data easily. Calculations have to be done manually to get these values.
My name is pavan , recently my father expired he took Jeevan shri policy in Dec 2001 for 500000 sum assured he used loan amount recently 4 lakhs and he paid yearly premium of 25466 rs for 16 years no he expired on Nov 2019 . Can anyone please tell me how much will we get ?
Please contact the branch office to get a calculation on the amount likely to be paid. You will be eligible for Sum Assured + Guaranteed additions – loan and interest payable.
Hello Anish ji,
Very well written. I have a jeevan shri 112 policy with commencement date sept 2001. On the policy document , it states maturity date as sept 2020. But on Lic website the maturity date is sept 2021. Which one is correct. Current status is fully paid up. Sum assured 5 lac. Guaranteed bonus as on today 712500.
If the policy was started in 2001, naturally the maturity date will be 2021 only as the term is 20 years. It is not likely to mention as 2020 in the policy certificate. can you send a picture of the document to [email protected] so that I can verify it and clear your doubt.
Dear Anish Sir,
Great Article. Very well explained and the Calculator is really helpful for many of us.
Would like your advice on the following.
1. Is there any similar or better policy now in LIC with 10 to 15 Years Premium term and 20 to 25 Years Policy term which have similar/better returns like Jeevan Shree 112.
2. Do you take questions only regarding LIC Policies ?
Do you have any articles/blog about other investment opportunities.
Thank you and happy to know that the article was useful to you.
Well, LIC is currently offering a plan called Jeevan Labh offering a similar structure of Jeevan Shree plan. Click the link to read more details. I am covering other investment opportunities also through http://www.insurancefunda.in If you have any doubts please ask and I shall try to clear it as far as I can.
Great details for Jeevan Shree 112. Thank you very much.
Wish to see the same for Jeevan Shree 151. I think the two are different in terms of Bonuses.
If you have already provided this detail elsewhere, please provide me a link.
Thanks very much.
I shall write an article on Jeevan Shree 151 at the earliest.
Hi,
We have a Jeevan shree policy started on Jan, 2002 and Maturity date is Jan, 2022(20 years policy) having half yearly premium 22634/- but we have paid till Jan, 2008(12 years supposed to be paid) so how much we will get on maturity (lic a/c shows 2.25L guaranteed bonus)?
You are eligible for the paid-up value of your policy + guaranteed additions only at the time of maturity as the policy is in lapsed condition. as you have paid the policy for 8 years the paid-up value = (sum assured X 8/20). The total maturity amount will be paid up value + Guaranteed additions. What is the sum assured of your policy? is it six lakhs?
My Jeevan shree 112 policy is being matured in Feb 2021,
SI- 5 Lacs(112-25-16)
Sir, there was a provision to take/claim maturity amount in 10 years instalments. How to exercise this option and what amount of interest I shall get after maturity. what are pros and cons if I exercise this option.
I have LIC maturity discharge/claim voucher, there is no provision for same in DV,
which form of LIC to be used for such option
sir, will it be benificial as now-a-days, interest rate is going down.
Pl help,
Thanks in advance
Hi Rakesh,
I think you are referring to the settlement option of policies where the maturity amount can be received in installments at enhanced rates based on the interest rates prevailing. But this facility is not available for Jeevan Shree 112 plan. Please read this article on settlement options.
Hi Sir,
Can you pls help me to get to know the maturity amount for Jeevan shree 112 plan, 5L life cover, Term 20 years, total premium paid 12 years.
Current status – fully paid up and my maturity date is in Oct 20. Can you help. Calculator shows 16.55 lac.
Actually I had discussed with someone who said that loyalty addition cannot be more then 50-60k.
Regards,
Kishan Rajawat
The amount shown is what actually LIC paid this year. Instead of discussing with someone just go the branch and clarify.
I took the policy with life cover of Rs.500000/- on Jan 2003and paid full premium by 2015 Jan. I had a loan of Rs.309000/- and it paid back by Dec 2019 closed the loan. My policy will mature on Jan 2023. May I know how much amount will get on maturity of policy.
Thank you
Best regards
Subhash S
Please use the calculator provided in the post itself to get expected maturity benefit. If you have any difficulty please let me know.
hi sir
i have one small clarification my father was taken jeevan shree plan 112 25(16) 28th jan 2002 sum assured 5laks and he was died on 12-11-2019 now i applied for death claim how much i can expect amount that policy
The claim amount will include the sum assured of Rs 500000 + guaranteed additions (@75per 1000 sum assured)37500 per year+ loyalty additions. Guaranteed additions will be approx 6.3 lakhs and loyalty addition around 100000. So the approximate amount will be 12 lakhs. The exact amount will be available from the branch office.
Hi,
I could not find the reference to loyalty bonus in the circular issued by Lic in below link
https://www.licindia.in/Customer-Services/Bonus-Information
Where exactly can i find that Loyalty bonus is 1300 per 1000 of sum insured?
Thanks
it is available in the bonus declaration circular released every year. Download the circular here.
Hi sir my father has jeevan sri
YOC 1996
SA 500000
But he paid 7900 quarterly amounting to almost 32000 while in your chart for 500000 the annual premium is only 25000…
Please help understand
The term of the policy may be different. The premium you mentioned is of 25-year plan where the premium has to be paid for 16 years. Your father seems to be taken a 20-year plan with a premium paying period of 12 years. Please check the calculator.
Hi anish, there is an issue in loyality addition, LIC is giving loyality addition of only 37500 and not 650000 do you have any LIC printed broucher stating loyality addtion 650000?? two three policies got matured the addition was given for one time only not every year
Hello Anish,
Can you share the maturity amount i can expect to get from Jeevan shree 112 plan, 5 Lakh life cover, Term 25 years, Premium paying term 16 years. Current status : fully paid up. Please advise on the exact final maturity amount that i will receive at end of 25 years. Thanks for your time and support.
Regards,
Milton
Please use the calculator provided in the post itself to get the indicative maturity amount. The loyalty addition as per the current year is given in the calculator. It can vary if the rate changes in the future. So exact amount cannot be predicted. If you have any difficulty in using the calculator please let me know.
Hi Sir,
My father have taken the Jeevan shree (plan 112) policy
Policy Term 20 years
paying premium term 12 years
Commencement Date 2002
Date of Maturity – 2022
Sum Assured – 500000
if i surrender the policy, how much amount will i get it?
Thanks for your time and support
Regards,
Manjunath N
Surrender of a policy will naturally bring in loss and should be avoided as far as possible…
Jeevan Shree plan 112 is a great plan from LIC which offers very high guaranteed returns. The returns offered by Jeevan Shree is not available in any other plan not only from LIC but also from the entire industry. Please check the calculator provided in the past itself and decide. If you still want to surrender the policy the value can be obtained from nearest branch office…
Hi Sir,
Thanks a lot for providing crystal clear information with examples. I had forgotten what is the benefit of jeevan shri 112.
Do you provide benefit details for all types of policies issued by various insurance companies or only lic.
Thanks again for the help you are providing to individuals like me.
Thanks
Tushar
Thank you for your nice words of appreciation.. due to time constraints… I am unable to give the details of plans by others companies…
Hi Sir
I had taken the Jeevan Shree policy in the year 1995.I have paid 12 yearly premium. in 2021 january it is maturing How much amoiunt will I get ? please suggest.
I have answered the same question. Please use the online calculator provided in the post itself. It is self-explanatory.
Hi Anish,
I opted for Jeevan Shree plan 112 ,for 20 years, starting from 2002 for 500000 . It is maturing in Jan.2022. May I know how much amount I will get.
please use the online calculator provided in the post itself to get the approximate estimated returns of the policy. If you have any difficulty in getting the details please let me know.
Hi Anish,
Thank you for the details, which made me clear on the returns and its very helpful website to public.
I have brought Jeevan shree policy at the age of 31 ( 28th Jan 2002) and will be matured on 28th Jan 2027.
The plan is 112-25-16. I have paid premium completely as per policy.
The premium amount was 25,466/- INR
As per your calculator 20,87,500 INR. Based on the information, Sum assured, GA will be for sure. LA will also be sure for return. LA value can change at 2027. Becuae i checked with one of the LIC agent he was say i will get only 16+ lacs INR.
Your understandings are right. He may have quoted the returns of a 20-year policy where the premium is paid for 12 years only.
Sir,
I have taken a Jeevan Shree policy Table 112-12-20 in 2001. In the Policy doc under special Provisions, it is mentioned that the policy holder has option of receiving the maturity claim amount in 2, 3, 4 or 5 annual instalments commencing on the stipulated date of maturity……..
Kindly clarify the provision in simplest form.
The maturity amount can be obtained in installments if you wish. The amount will be enhanced by prevailing interest rates. This provision is called the settlement option. Please read more here.
Hi,
Pl share if there is any revisions in loyalty addition as LICI declares it every 30th August for LIC Jeevan Shree 112-16-25 policy
A detailed article will be published on LIC declaring latest bonus rates.
Hi Mr.Anish, Thank you so much for this article. I too have this LIC JEEVAN SHREE POLICY. It’s fully paid up. Where can I see conditions related to Loyalty Bonus? I paid the policy for a 16 years terms – but there was one year on which I forgot to pay it within due date and then paid it after one month with penalty. Will it affect my Loyalty Bonus? I hope the Guaranteed Addition amount will not be affected by this. Your reply will be helpful. Thanks in advance.
Both Guaranteed addition, as well as loyalty addition, will not be affected once you have paid all the dues with interest. Make sure that you have paid all the premium until the end of the premium paying term.
Thank you so much for your reply. Good to know that my payment will not be affected. I have paid all the premium till the last paying term. The status of my policy is now shown as “Fully Paid-up” in the PDF document that I can download from the customer portal. I have also today noted from one another comment here that the entire proceeds are tax free. (SA+GA+LB). That’s really another good news. Thanks again for your time to help people like us. God Bless You.
Thank You, Raja C S N,`
Sir, i have noticed that loyalty addition decreased for jeevan Shree policy by almost 1 lac for 25 year term.
Is it correct, or any typing mistake
The loyalty addition rates have changed.
Pl share link of latest (2019-20) lic circular containing details of bonus and loyalty addition rates
Please use this link.
Pl share link of detailed latest Lic bonus and loyalty addition rates
Read all details of the latest bonus rates from this article.
Sir,I am having Jeevan SREE policy 112 for sum assured 500000/- , premium paid of for 12 years and the maturity time 20 years which is Jan 2021. Please kindly explain how much I can get maturity amount.
The loyalty addition rates have come down a bit for the Jeevan Shree policy. The new rates will be applicable for you as it is after January first, 2021. If you discount the policy now you may get more amount than getting through maturity. Please contact the branch office immediately and get the guidance.
Hi,
I have started my jeevan shree-112 policy in the year 2001 and I was 26 years old at that time. I took 5lacs SA for 16 years premium paid and 25 years maturity. I paid 24763/- per annum and completed last premium in the year 2007.
Maturity date is 2026.
I want to withdraw my policy now as I have bought a house and I need money.
Can you suggest me how much I will get now if I surrender my policy?
Also will this money will be income tax free or I have to pay the tax?
Please suggest.
Thanks- Praveen
As per the policy of InsuranceFunda, we discourage the surrender of insurance policies and as a part of the policy decision, we do not provide surrender value of policies here. You can get the surrender value of your policy from the nearest branch office. Jeevan Shree is a plan which provides amazing returns to the policyholder.
The surrender value of the policy is tax-free under section 10(10D) of the income tax act.
Hi Anish,
Can you share the maturity amount i can expect to get from Jeevan shree 112 plan, 5L life cover, Term 20 years, Premium paying term 12 years. Current status : fully paid up.My maturity period is of july 2021.
Please use the calculator provided in the post itself to understand the maturity benefits of your policy. For your information the loyalty addition rates for Jeevan shree policy is slightly less for the year 2021 compared to 2020. So it is advisable to discount the policy this year itself to get the current year loyalty addition rates. please contact LIC branch office for more details.
Really very useful article. Thanks a lot Mr.Anish .
Dear anish
I took policy on August 2001 and it is maturing 2021 and the sum assured 10 lakhs under Jeevan shree policy .
How much I will get
Please use the calculator provided in the post itself to understand the maturity benefits of your policy. If you have any difficulty please let me know.
Sir, Thanks a lot for valuable comments. I am a jeevanshree holder maturing on 15/08/2020, 20 yearplan of sum assured 5 lakh. Recently one of the LIC told me that my JS maturuty amt would be 16.25 lakh approx. But in the calculator when i saw giving my age as 33, when i took the policy, the maturity ant shown was 15.25 lakh approx. Can u explain the difference Sir??
15/8/2020 is already over and have you received your maturity amount? I think your maturity date could be 2021. The loyalty addition portion of Jeevan shree has been changed and the calculator shows the calculation based on the latest loyalty addition rates. LIC has already declared this rate but it will become applicable only on January 2021.
In short, the policies maturing this year will get a higher amount than the policies maturing next year. It could be a loss for you if your policy is maturing on the year 2021. A solution for you is to discount the policy and receive the maturity before Dec 31 2020, so that you can get higher maturity amount. Please contact the branch for more details.
Hai sir iam irshad from Bangalore i strted this policy on 2001 and maturity period is 2029 I had kidney transplant last year can I get any medical facilities and what is maturity value sir
The maximum term of the policy is 25 years, so the maturity is likely to be in 2026. Well, this policy does not have any medical coverage and no amount will be available for treatments like kidney transplantation.
Hi Anish, I too Jeevan shree 112 policy in sept 2001. 20 years – 12 years payment – 5 lac sum assurance. It matures in sept of 2021. per your calculator on maturity amount would be 5 lac + 7.5 lac + 2,75 lac = 15.25 lac (This is based on loyalty addition of 550 per 1000). I would like to understand if the policy is discounted this year before december, will the sum assured 5 lac and guaranteed addition 7.5 lac also get impacted or it will impact only the loyalty addition part. Also if i discount this year, which number should i use instead of 550. is it 680 corresponding to column19/row19 of last year? Thanks
What you said is correct if you discount the policy before Dec 31, you can enjoy the previous higher rates, and will be profitable for you. As very few days are left please contact the branch office immediately.
My jeevan shree 112-16-25 .
Date of maturity 20.07.2024
Maturity value 1987500
But I took loan from it on 23.05.2015 amounting Rs 475000. I don’t pay any loan-interest. So, what amounts can l get at the time of maturity?
it is difficult to say the figures as you have not paid the interest amount.
My jeevan shree 112-25-16
Date of maturity 20.07.2024
Maturity value 1987500
Take loan 475000 on 23.05.2015
Don’t pay any interest
What amounts will be payable at the time of maturity?
If you do not pay the interest it will be compounded and will eat into the profit of the policy.
Hi anish,
Greetings sir,
My husband started jeevan shree 112 policy in the year 28/01/2002 and it gets matured at 28/01/2027 and is fully paid at 28/10/2017. 6744 is the half yearly premium amount paid. He’s expired on 21/10/2020.what are the benefits do i get now sir also please do clarify about the loyality benifits and claim amount sir
Thanks in advance.
The death claim of Jeevan Shree includes 1. Full Sum Assured + 2. Guaranteed additions added to the policy till the date of death.+ 3.Loylty addition payable as on the date of death. The guaranteed addition for the plan is Rs 75 per 1000 sum assured for one year. Please contact the branch office and they will provide you exact figures.
Do we get the entire Maturity amount on mature date date or will get this amount in installments
Normally the entire maturity amount is paid as a single lumpsum payment. But there is an option to defer the payment and get enhanced maturity benefit in installments. This option is called a settlement option. If you have not requested to get the maturity amount in installments, you will get the entire amount as a single lumpsum payment.
Dear Anish,
I have a LIC JEEVAN SHREE, Table No.112 made on 2828/01/2002 with premium of RS. 28,861/- maturity is on 28/01/2027.
Please calculate the amount on maturity.
Dear Anish,
I have a LIC JEEVAN SHREE Table No.112 made on 28/01/2002 with premium of RS.28,861/- till 2017that will mature on 28/01/2027 , will you please let me know what will be the maturity value.
Please use the calculator provided in the post itself, to get approximate maturity return of your policy.
sir can you share the maturity amount from Jeevan Shree 112 plan , 500000 life cover term 20 year {start 28/07/2001 to 28/07/2021} premium paying 12 year. premium amount Rs. 41228 yearly ,no slippage and active policy… this policy maturity date 28/07/2021 .. still confused on the exact final maturity amount that i will received at the maturity date.. can u help….please
sir can you share the maturity amount from Jeevan Shree 112 plan , 500000 life cover term 20 year {start 28/07/2001 to 28/07/2021} premium paying 12 year. premium amount Rs. 41228 yearly ,no slippage and active policy… this policy maturity date 28/07/2021 .. still confused on the exact final maturity amount that i will received at the maturity date.. can u help….please
Please use the calculator provided in the post itself and the give the details mentioned by you.
Please let me know if you have any difficulty in using this calculator.
Sir my father jeevan shree policy is fully paid on 2016 and kept for muture till 2026.. But my father got expired on 1st jan 2021 By heart attack ..can u tell me if cause of death is heart attack then what amout nominee will get .
Full sum assured and guaranteed additions accrued till date of death and loyalty additions as on date of death will become payable. Please contact branch office to get an accurate estimate.
Hi Anish
I had taken this policy in 2002.(for half yearly premiums 12387) ie total premium amount 25674 annually
Till 2011 I paid premiums respectively.
Then in 2011 I took a loan of 192000 on the policy.
Since then I have not paid the premiums and loan and interest on loan and late fee on the policy.
The out standings figure to revive the policy last calculated in March 2020 was around 666000.
Do you suggest to revive this policy as in 2027 it’s the maturity year.
And will I get the benefits as mentioned by you as per the policy if I revive.
This quotation was given by the officer at designated branch where I have my policy.
Kindly confirm. Thanks in advance
Yes I suggest to receive the policy immediately otherwise it is a huge loss for you. You will get full guaranteed additions and loyalty additions if you revive the policy.
Hi, FAB is applied for Plan 112 – Jeevan Shree enrolled in 1997 and maturing in 2022 ?
FAB rates will be as per the rates declared in the year 2021-22