Plan 838 Actuarion Engine 2026

LIC Jeevan Pragati (Plan 838) Premium & Returns Calculator

Model LIC's unique endowment plan featuring risk cover that increases automatically every 5 years. Estimate compound reversionary bonuses and final maturity benefits.

Increasing Risk Cover: Death benefit increases automatically every 5 years

Participating Savings Plan with LIC reversionary bonus declarations

High Sum Assured premium discount rebates

Optional Accident Benefit and Disability Riders

Tax-exempt maturity and death claims u/s 10(10D)

LIC Jeevan Pragati Inputs

LIC Jeevan Pragati (Plan 838) specialized calculator. Adjust your sliders to recalculate active returns.

1. Basic Sum Assured (₹)₹5,00,000

2. Age of Proposer/Insured (Years)30 Years Old

3. Policy Coverage Term (Years)15 Years

Premium Payment Frequency

Plan 838

Estimated Maturity Returns

₹8,40,000

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:₹1,497

Renewal Premium (Year 2+):₹1,465

Total Estimated Premiums Paid:₹22,007

Basic Sum Assured:₹5,00,000

Accumulated Endowment Bonuses:₹3,15,000

Estimated Net Maturity Benefit:₹8,40,000

Returns Performance38.17x Return

Guide to LIC Jeevan Pragati Plan (Plan 838)

LIC's Jeevan Pragati (Plan 838) is a non-linked, participating, individual endowment assurance plan. A key differentiator is that the death cover (Sum Assured on Death) increases by 25% of the basic sum assured every five years during the term. This protects the policyholder's family against rising inflation over long durations while building a savings corpus.

Plan Eligibility & Key Actuarial Limits

Policy parameter	Details and limits
Minimum Entry Age	12 Years (Completed)
Maximum Entry Age	45 Years
Maximum Maturity Age	65 Years
Minimum Sum Assured	₹1,50,000
Maximum Sum Assured	No Limit
Policy Term	12 to 20 Years

Tax Benefits & Payout Options

Premiums paid qualify for deductions under Section 80C. Payouts (both maturity and death benefits) are tax-free under Section 10(10D).

Frequently Asked Questions (FAQs)

How does the risk cover increase under Jeevan Pragati?

For the first 5 years, the risk cover is 100% of Basic Sum Assured. From the 6th to 10th year, it is 125%. From the 11th to 15th year, it is 150%. From the 16th to 20th year, it is 200% of the basic sum assured.

What does the policyholder receive on maturity?

On surviving the policy term, the policyholder receives the Basic Sum Assured plus vested Simple Reversionary Bonuses and any Final Additional Bonus (FAB).

Are riders available under Plan 838?

Yes, you can opt for the LIC Accidental Death and Disability Benefit Rider by paying an additional nominal premium.

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Mumbai, Maharashtra

Term Insurance

2 weeks ago

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Delhi, NCR

Endowment Plan

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Ahmedabad, Gujarat

Whole Life Plan

3 weeks ago

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Bangalore, Karnataka

Endowment Plan

1 week ago

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Pune, Maharashtra

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Chennai, Tamil Nadu

ULIP

3 weeks ago

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Kolkata, West Bengal

Endowment Plan

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Hyderabad, Telangana

Whole Life Plan

2 weeks ago

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