How to Use the LIC Premium Calculator
- Select a Plan
- Enter Sum Assured
- Enter Your Age
- Set Policy Term
- Set Premium Term
- Click “Calculate Premium”
LIC Premium Calculator
LIC New Endowment (914)
First Year Premium
| Mode | Premium | GST (@4.5%) | Total Premium |
|---|---|---|---|
| Yearly | ₹2,26,826 | ₹10,207 | ₹2,37,033 |
| Half Yearly | ₹1,14,632 | ₹5,158 | ₹1,19,790 |
| Quarterly | ₹57,925 | ₹2,607 | ₹60,532 |
| Monthly | ₹19,308 | ₹869 | ₹20,177 |
LIC Plan Calculator: Simplify Your Insurance Planning with Ease
When it comes to securing your financial future, LIC plans are a trusted choice for millions of Indians. However, calculating premiums, maturity amounts, and other benefits can be complex. This is where an LIC plan calculator comes in as a game-changer. Whether you’re exploring the LIC maturity calculator or need a tool to estimate your LIC maturity amount calculator, this online calculator simplifies the process, helping you make informed decisions about your insurance investments.
What is an LIC Plan Calculator?
An LIC plan calculator is a digital tool designed to help policyholders and potential investors calculate premiums, maturity amounts, and other benefits of various LIC plans. From the popular LIC Jeevan Anand maturity calculator to the LIC Jeevan Saral maturity calculator, this tool covers a wide range of plans, including the LIC Jeevan Saral Plan 165 maturity calculator Excel format for detailed analysis. By inputting details like sum assured, age, policy term, and premium payment term, you can instantly get accurate results, saving time and effort.
The LIC calculator is especially useful for comparing different plans, such as the LIC plans calculator, which helps you evaluate options like New Endowment Plan (914), Jeevan Anand (915), or Jeevan Labh (936). With a user-friendly interface, this tool ensures that even those new to insurance can navigate it with ease.
Benefits of Using an LIC Plan Calculator
- Accurate Premium Calculation: The LIC policy calculator provides precise premium amounts for various payment modes—yearly, half-yearly, quarterly, or monthly. For instance, it calculates the first-year premium along with applicable GST, ensuring transparency.
- Maturity Amount Estimation: Tools like the LIC calculator maturity amount and LIC maturity amount calculator allow you to estimate the returns on your policy at the end of the term. This is particularly helpful for plans like Jeevan Saral or Jeevan Anand, where bonuses and final additions play a significant role.
- Time-Saving and Convenient: Instead of manually calculating or visiting an LIC branch, the LIC plan calculator delivers instant results. Whether you’re using the LIC Jeevan Saral maturity calculator or another variant, you can get detailed insights in seconds.
- Plan Comparison: The LIC plans calculator lets you compare multiple plans side by side. This feature is invaluable when deciding between plans like Jeevan Anand or Jeevan Labh, ensuring you choose the one that aligns with your financial goals.
How to Use an LIC Plan Calculator?
Using an LIC plan calculator is straightforward. Start by selecting your desired plan from the dropdown menu, such as New Endowment, Jeevan Anand, or Jeevan Shanti. Next, enter your sum assured, age, policy term, and premium payment term. Once you click “Calculate Premium,” the tool displays detailed results, including the premium breakdown for different modes, GST, and total payable amount. Additionally, it provides the death sum assured, which is typically 125% to 175% of the basic sum assured, depending on the plan.
For those interested in maturity benefits, the LIC maturity calculator also estimates the maturity amount, factoring in bonuses and final additional bonuses (if applicable). This feature is particularly useful for plans like LIC Jeevan Saral Plan 165 maturity calculator Excel, where users can export data for further analysis.
Why Choose an LIC Plan Calculator?
The LIC plan calculator is not just a tool; it’s a financial planner at your fingertips. It eliminates guesswork, offering clarity on premiums and maturity benefits. Whether you’re calculating for LIC Jeevan Anand maturity calculator or exploring other plans, this tool ensures you have all the information needed to make a wise investment decision. With its accuracy, convenience, and comprehensive features, it’s no wonder why the LIC calculator is a must-have for anyone considering an LIC policy.
Conclusion
Planning your LIC investment has never been easier, thanks to the LIC plan calculator. From calculating premiums to estimating maturity amounts with tools like the LIC calculator maturity amount, this calculator empowers you to take control of your financial future. Try it today and discover how simple and effective insurance planning can be!