LIC Protection Plus calculator (Plan 886)

LIC Protection Plus

Plan 886 Calculator

Calculate your premium, death benefit, and maturity value for LIC’s Protection Plus Plan 886 – A non-linked, non-participating, individual, savings, life insurance plan

Plan Configuration

Plan Summary

Annual Premium (Approx.)

₹76,500

Death Benefit

₹10,00,000

Maturity Benefit (Estimated)

₹16,50,000

Total Premium Paid

₹11,47,500
Life Cover for entire policy term
Guaranteed Additions
Loyalty Additions
Tax Benefits u/s 80C & 10(10D)

Benefit Visualization

Premium vs Benefits
Wealth Growth
Plan Comparison

Plan 886 Features & Benefits

Key Features

  • Non-linked, non-participating savings plan
  • Fixed premium throughout the policy term
  • Guaranteed sum assured on death
  • Guaranteed additions payable on maturity/death
  • Option to receive maturity benefit in installments

Death Benefit

  • Sum Assured on Death
  • Plus Guaranteed Additions
  • Plus Loyalty Additions (if any)
  • Total death benefit = Sum of all above

Maturity Benefit

  • Basic Sum Assured
  • Plus Guaranteed Additions
  • Plus Loyalty Additions (if any)
  • Paid as lump sum or installments

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