LIC Jeevan Vishwas Plan 136 Calculator
Launch Date: Earlier than 2014
Withdrawal Date: 01 January 2014
UIN: 512N122V01
Premium
Guaranteed Addition
Loyalty Addition*
Total Benefit
20% Lump Sum
80% Annuity Corpus
Key Features of LIC Jeevan Vishwas Plan 136
- Specially designed to provide financial security for handicapped dependents.
- Traditional Endowment Assurance Plan with benefits payable on death or maturity.
- Guaranteed Additions at the rate of ₹60 per ₹1,000 Sum Assured for every completed policy year.
- Maturity proceeds distributed as 20% lump-sum payment and 80% towards annuity purchase.
- Participating insurance plan eligible for LIC’s profit-sharing benefits.
- Loyalty Additions may be declared after completion of five policy years, subject to LIC’s experience.
- Flexible premium payment options including Quarterly, Half-Yearly, Yearly, and Single Premium.
- Death benefits available if the life assured passes away during the policy term.
LIC Jeevan Vishwas Plan 136 Calculator
LIC Jeevan Vishwas Plan 136 was a specially structured endowment insurance policy introduced by LIC to ensure long-term financial support for handicapped dependents. The plan combined insurance protection, guaranteed additions, bonus participation, and annuity-based income benefits to create a secure financial future for dependents with special needs.
Although the plan has been withdrawn from new sales, it remains important for existing policyholders and individuals researching LIC’s discontinued insurance products.
What is LIC Jeevan Vishwas Plan 136?
LIC Jeevan Vishwas Plan 136 was a participating endowment assurance policy specifically designed to provide lifelong financial support to handicapped dependents after the death of the policyholder or upon policy maturity.
Unlike conventional endowment plans that pay the entire maturity amount as a lump sum, this policy followed a structured payout approach:
- 20% of the benefit was paid immediately as a lump sum.
- 80% of the benefit was utilized to purchase an annuity, generating regular income for the handicapped dependent.
This arrangement ensured both immediate financial assistance and long-term income security.
LIC Jeevan Vishwas Plan 136 Overview
| Particulars | Details |
|---|---|
| Plan Name | LIC Jeevan Vishwas |
| Plan Number | 136 |
| Plan Type | Participating Endowment Assurance Plan |
| Target Beneficiaries | Handicapped Dependents |
| Minimum Entry Age | 20 Years |
| Maximum Entry Age | 65 Years |
| Policy Term | 10 to 40 Years |
| Minimum Sum Assured | ₹50,000 |
| Premium Modes | Yearly, Half-Yearly, Quarterly, Single Premium |
| Guaranteed Addition | ₹60 per ₹1,000 Sum Assured Per Year |
| Status | Withdrawn |
Launch and Withdrawal Information
Launch Date
LIC Jeevan Vishwas Plan 136 was introduced several years before 2014 and remained available for a considerable period as a specialized insurance solution for families with handicapped dependents.
Withdrawal Date
The policy was officially withdrawn from new sales on:
1 January 2014
No new policies can be purchased under this plan after the withdrawal date. However, existing policyholders continue to receive benefits according to their original policy conditions.
Eligibility Criteria for LIC Jeevan Vishwas Plan 136
Eligibility Conditions
| Criteria | Minimum | Maximum |
|---|---|---|
| Entry Age (Proposer) | 20 Years | 65 Years |
| Policy Term | 10 Years | 40 Years |
| Maturity Age | — | 75 Years |
| Basic Sum Assured | ₹50,000 | No Limit |
| Annual Premium | ₹800 | Subject to Plan Conditions |
| Premium Payment Mode | Yearly, Half-Yearly, Quarterly, Single Premium | — |
Major Features of LIC Jeevan Vishwas Plan 136
Designed for Handicapped Dependents
The primary objective of the plan was to create a secure financial arrangement for dependents with disabilities through a combination of lump-sum benefits and lifelong income.
Flexible Policy Term
Policyholders could select a policy duration ranging from 10 to 40 years according to their financial goals and dependent’s future needs.
Multiple Premium Payment Options
Premiums could be paid through:
- Quarterly Mode
- Half-Yearly Mode
- Yearly Mode
- Single Premium Option
This flexibility allowed policyholders to choose a payment structure suitable for their financial circumstances.
Guaranteed Additions
The plan provided Guaranteed Additions at the rate of:
₹60 per ₹1,000 Sum Assured per completed policy year
These additions accumulated throughout the policy term and significantly enhanced the final benefit amount.
Loyalty Additions
Being a participating policy, LIC Jeevan Vishwas Plan 136 was eligible for Loyalty Additions depending on LIC’s business performance and surplus declarations.
Such additions could become payable after completion of five policy years and were generally paid at death claim or maturity.
Structured Benefit Distribution
A distinctive feature of the plan was its unique payout structure:
- 20% paid immediately as a lump sum.
- 80% utilized for purchasing an annuity.
This ensured long-term financial support rather than a one-time payout.
Benefits of LIC Jeevan Vishwas Plan 136
Financial Security for Dependents
The plan was specifically designed to provide continuous financial support to handicapped dependents, helping families secure their future.
Guaranteed Wealth Accumulation
Guaranteed Additions accumulated every year and increased the policy value regardless of market conditions.
Bonus Participation
Loyalty Additions enhanced the overall maturity and death benefits whenever declared by LIC.
Flexible Contribution Structure
Policyholders could choose between regular premium payments and single-premium investment options.
Death Benefit Protection
In the event of the policyholder’s death during the policy term, benefits became payable according to the policy provisions, helping ensure uninterrupted financial support for the dependent.
Maturity Benefits
Upon successful completion of the policy term, the policyholder became eligible for the Sum Assured along with Guaranteed Additions and any applicable Loyalty Additions.
How the LIC Jeevan Vishwas Plan 136 Calculator Works
The LIC Jeevan Vishwas Plan 136 Calculator helps estimate premiums, maturity proceeds, death benefits, and annuity-related payouts.
Information Required
To generate calculations, users typically enter:
- Age of the proposer
- Sum Assured
- Policy Term
- Premium Payment Mode
Calculator Output
The calculator estimates:
- Premium Payable
- Guaranteed Additions
- Loyalty Addition Projections
- Death Benefits
- Maturity Benefits
- Lump-Sum Payout
- Annuity Purchase Amount
Illustrative Example
Consider the following example:
| Particulars | Details |
|---|---|
| Entry Age | 35 Years |
| Sum Assured | ₹1,00,000 |
| Policy Term | 25 Years |
| Single Premium | ₹36,645 (Illustrative) |
Guaranteed Additions
Annual Guaranteed Addition:
₹60 × 100
= ₹6,000 per year
For 25 years:
₹6,000 × 25
= ₹1,50,000
Loyalty Addition
Assuming an illustrative Loyalty Addition of:
₹10,000
Total Benefit
| Component | Amount |
|---|---|
| Basic Sum Assured | ₹1,00,000 |
| Guaranteed Additions | ₹1,50,000 |
| Loyalty Addition | ₹10,000 |
| Total Benefit | ₹2,60,000 |
Distribution of Benefits
Lump-Sum Payment (20%)
₹52,000
Amount Used for Annuity (80%)
₹2,08,000
This annuity amount is utilized to generate regular income for the handicapped dependent according to LIC’s prevailing annuity rates.
Why Use the LIC Jeevan Vishwas Plan 136 Calculator?
Accurate Benefit Estimation
The calculator helps estimate premiums, additions, bonuses, and expected payouts using policy parameters.
Better Financial Planning
Users can evaluate long-term benefits and determine suitable Sum Assured amounts according to family requirements.
Easy Comparison
Different Sum Assured values and premium payment options can be compared instantly.
Informed Decision-Making
The calculator provides a clear picture of future benefits, helping policyholders make well-informed financial decisions.
Frequently Asked Questions
What is LIC Jeevan Vishwas Plan 136?
LIC Jeevan Vishwas Plan 136 is a participating endowment assurance plan designed to provide financial security and lifelong income support for handicapped dependents.
Is LIC Jeevan Vishwas Plan 136 still available?
No. The plan was withdrawn from new sales on 1 January 2014.
Who could purchase this plan?
Individuals between 20 and 65 years of age could purchase the policy to create financial provisions for their handicapped dependents.
What is the policy term under this plan?
The policy term ranges from 10 years to 40 years depending on the option selected.
How are benefits paid under the policy?
The total benefit is divided into two parts:
- 20% paid immediately as a lump sum.
- 80% utilized to purchase an annuity for regular income.
Conclusion
LIC Jeevan Vishwas Plan 136 was one of LIC’s most socially focused insurance products, specifically developed to secure the future of handicapped dependents through a combination of insurance protection, guaranteed additions, bonus participation, and annuity income. Although the plan was discontinued in 2014, it remains highly relevant for existing policyholders.
The LIC Jeevan Vishwas Plan 136 Calculator continues to be a useful tool for estimating premiums, maturity values, guaranteed additions, loyalty bonuses, and annuity benefits, helping policyholders understand and manage their long-term financial commitments effectively.
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