Plan 102 Actuarion Engine 2026

LIC Jeevan Kishore (Plan 102) Premium & Returns Calculator

Model LIC's historic child endowment plan. Estimate premium rates for minors and the auto-cover risk commencement mechanics.

Minor Endowment Plan: Secure children's wealth accumulation

Auto-Cover: Risk cover starts automatically after a deferment period

Participating Plan: Accrues reversionary and final additional bonuses

Premium Waiver Benefit Rider options available

Section 80C tax rebates and 10(10D) tax-exempt payouts

LIC Jeevan Kishore Inputs

LIC Jeevan Kishore (Plan 102) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹2,00,000

2. Age of Proposer/Insured (Years)5 Years Old

3. Policy Coverage Term (Years)20 Years

Premium Payment Frequency

Plan 102

Estimated Maturity Returns

₹3,78,000

Estimated returns payout at policy maturity

Actuarial Projections

Sovereign-backed security of sum assured and returns u/s 10(10D).
Eligible for annual premium tax exemptions under Section 80C.
Loan and policy surrender values accumulate continuously.

$First Year Premium:₹381

Renewal Premium (Year 2+):₹373

Total Estimated Premiums Paid:₹7,468

Basic Sum Assured:₹2,00,000

Accumulated Endowment Bonuses:₹1,68,000

Estimated Net Maturity Benefit:₹3,78,000

Returns Performance50.62x Return

Guide to LIC Jeevan Kishore Plan (Plan 102)

LIC's Jeevan Kishore (Plan 102) is a participating endowment assurance plan designed for child lives. Since the life assured is a minor, the risk cover commences after a deferment period (at age 7 or 2 years after policy start, whichever is later). It helps parents build an endowment corpus that matures when the child reaches young adulthood, funding career and marriage goals.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age (Child)	0 Years (90 Days completed)
Maximum Entry Age (Child)	12 Years
Minimum Sum Assured	₹50,000
Maximum Sum Assured	No Limit
Policy Term Range	15 to 35 Years
Minimum Maturity Age	18 Years

Tax Benefits & Payout Options

Premiums qualify for Section 80C deductions. The final maturity benefit and any death benefit claims are 100% tax-free under Section 10(10D).

Frequently Asked Questions (FAQs)

When does the risk cover start in Jeevan Kishore?

If the child's entry age is less than 7 years, the risk cover starts either on the policy anniversary after the child turns 7, or 2 years from the date of commencement, whichever is later. If the child is 7 or older, risk cover starts immediately.

What happens if the child passes away before risk cover starts?

If the child passes away before the risk cover commences, LIC refunds all premiums paid (excluding rider premiums and taxes) to the proposer.

Is there a premium waiver rider?

Yes, parents can add the Premium Waiver Benefit (PWB) Rider, which ensures that premiums are waived if the proposer (parent) passes away.

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Mumbai, Maharashtra

Term Insurance

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Ahmedabad, Gujarat

Whole Life Plan

3 weeks ago

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Bangalore, Karnataka

Endowment Plan

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