Plan 951 Actuarion Engine 2026

LIC Micro Bachat (Plan 951) Premium & Returns Calculator

Model LIC's micro-endowment plan designed for low-income households. Offers life cover and savings benefits up to a cap of ₹2 Lakhs.

Micro-Savings Endowment: Disciplined savings at very low premiums
Loyalty Additions paid upon maturity or death claim
Accident Benefit and Disability Rider options
Auto-Cover Benefit: risk cover continues during premium grace
Section 80C and 10(10D) tax benefits
LIC Micro Bachat Inputs
LIC Micro Bachat (Plan 951) specialized calculator. Adjust your sliders to recalculate active returns.
1,00,000
30 Years Old
12 Years
Plan 951

Estimated Maturity Returns

1,55,400

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:384
Renewal Premium (Year 2+):375
Total Estimated Premiums Paid:4,509
Basic Sum Assured:1,00,000
Accumulated Endowment Bonuses:50,400
Estimated Net Maturity Benefit:1,55,400
Returns Performance34.46x Return

Guide to LIC Micro Bachat Plan (Plan 951)

LIC's Micro Bachat (Plan 951) is a non-linked, participating micro-insurance endowment plan. It is aimed at promoting savings and providing life cover to low-income families at affordable premium outlays. The maximum sum assured under this plan across all policies is capped at ₹2,00,000, and it offers loyalty additions upon maturity.

Plan Eligibility & Key Actuarial Limits

Policy parameterDetails and limits
Minimum Entry Age18 Years (Adult) / 8 Years (Child)
Maximum Entry Age55 Years
Maximum Maturity Age70 Years
Minimum Sum Assured₹50,000
Maximum Sum Assured₹2,00,000 (across all Micro Bachat policies)
Policy Term Range10 to 15 Years

Tax Benefits & Payout Options

Premiums qualify for Section 80C deductions. Maturity proceeds and death benefits are completely tax-exempt under Section 10(10D).

Frequently Asked Questions (FAQs)

What is the maximum Sum Assured in Micro Bachat?
The maximum basic Sum Assured is capped at ₹2,00,000 across all active Micro Bachat policies for a single life.
What is paid on maturity in Plan 951?
On surviving the policy term, the policyholder receives the Basic Sum Assured along with accumulated Loyalty Additions.
What is the Auto-Cover facility in Micro Bachat?
If you have paid premiums for at least 3 full years, the life cover continues for 1 year from the date of the first unpaid premium, protecting the nominee in case of death.
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Rajesh Kumar
Mumbai, Maharashtra
Term Insurance
2 weeks ago

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Delhi, NCR
Endowment Plan
1 month ago

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Amit Patel
Ahmedabad, Gujarat
Whole Life Plan
3 weeks ago

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Sneha Reddy
Bangalore, Karnataka
Endowment Plan
1 week ago

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Pune, Maharashtra
Term Insurance
2 months ago

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Chennai, Tamil Nadu
ULIP
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Rohit Verma
Kolkata, West Bengal
Endowment Plan
1 month ago

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Hyderabad, Telangana
Whole Life Plan
2 weeks ago

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