Plan 159 Actuarion Engine 2026

LIC Komal Jeevan Child Money-Back Calculator

Model LIC's popular children's money-back plan. Calculates payouts at milestone ages 18, 20, 22, and 24, along with terminal guaranteed additions.

Periodic money-back payouts at key child ages (18, 20, 22, and 24)

Guaranteed Additions of ₹75 per ₹1000 Sum Assured annually

Risk cover commencement details tailored to minors

Premium Waiver Benefit rider option to protect future payments

Tax benefits under Sections 80C and 10(10D)

LIC Komal Jeevan Inputs

LIC Komal Jeevan (Plan 159) 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

Premium Payment Frequency

Plan 159

Estimated Maturity Returns

₹3,86,400

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:₹587

Renewal Premium (Year 2+):₹575

Total Estimated Premiums Paid:₹7,487

Basic Sum Assured:₹2,00,000

Accumulated Endowment Bonuses:₹1,76,400

Estimated Net Maturity Benefit:₹3,86,400

Returns Performance51.61x Return

Guide to LIC Komal Jeevan Plan (Plan 159)

LIC's Komal Jeevan (Plan 159) is a non-linked, minor-only money-back plan. It is specifically structured to offer financial support for a child's higher education and career launch. Payouts are made at set child ages (18, 20, 22, and 24 years), and the policy accrues high guaranteed additions of ₹75 per ₹1,000 Sum Assured per year, which are paid out at maturity.

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	₹1,00,000
Maximum Sum Assured	₹25,00,000
Policy Maturity Age	26 Years
Guaranteed Additions	₹75 per ₹1,000 Sum Assured annually

Tax Benefits & Payout Options

Premiums qualify for Section 80C deductions. The periodic money-back payouts and final maturity proceeds are tax-exempt under Section 10(10D).

Frequently Asked Questions (FAQs)

How are the money-back payouts structured in Komal Jeevan?

The plan pays 20% of the Sum Assured at age 18, 20% at age 20, 20% at age 22, and 20% at age 24. The remaining 20% of Sum Assured along with accumulated Guaranteed Additions and Loyalty Additions is paid at age 26.

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

If the child passes away before the risk cover starts, all premiums paid are refunded to the proposer, and the policy is closed.

Can I defer the money-back payouts?

Yes, policyholders have the option to defer receiving the money-back payouts to a later date during the policy term.

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