LIC of India Life Insurance Premium Calculator
InsuranceDekho provides an online LIC term plan calculator through which you can calculate the premium for life insurance plans prior to purchasing the actual policy. The LIC life insurance calculator is designed for the convenience of customers which helps them to calculate premium amounts instantly according to premium payment terms and the selected premium payment mode.
With the help of InsuranceDekho’s LIC life insurance plans calculator, you can get personalised results by selecting the Cover-up and Life Cover. Notably, the Premium calculator plays an important role in estimating and adjusting the sum assured according to your requirements and budget.
How To Use LIC Life Insurance Premium Calculator?
You can easily calculate policy premiums online using the LIC Life Insurance premium calculator for life insurance by following these simple steps:
Step 1: Visit InsuranceDekho’s website and click on the ‘Life Insurance’ page.
Step 2: Fill in the required details such as age, gender, cover-up, and life cover in the premium calculator and click on the ‘Get Quotes’ button.
Step 3: After entering the required details, click on the ‘Submit’ button. Now, you can select the plan option and the premium will be calculated instantly.
NOTE: You can change the calculated amount by changing the premium calculator factors such as age, cover-up, gender, and life cover.
Benefits of LIC Life Insurance Premium Calculator
The benefits of using the InsuranceDekho LIC life insurance premium calculator are as follows:
- Free Comparisons and Instant Calculation: InsuranceDekho’s LIC life insurance policy calculator lets the customers calculate the premium before buying the policy. One can easily calculate premium by providing the necessary details such as Age, Gender, Cover-up, and Life Cover. The website provides the best option of insurance plans and calculates the premium of those plans instantly.
- Accurate Premium: The LIC life insurance calculator helps in calculating the accurate premium for the policy according to your requirements and budget and helps in purchasing an insurance plan that is affordable.
- Better Decision Making: While you calculate the premium for life insurance plans, the LIC life insurance policy premium calculator instantly displays quotes that best suit your requirements and the budget you entered. This calculator lets you choose a plan that you need and lets you enhance your plan by adding optional riders available.
Conclusion
With a user-friendly interface and instantaneous results, the LIC life insurance calculator allows customers to make well-informed decisions that are tailored to their specific needs and financial capacities. Additionally, the calculator's feature to modify variables such as age, life cover, etc, ensures a personalised and accurate premium calculation.
So, what are you waiting for? Use the LIC life insurance policy premium calculator now and calculate your life insurance premium in just a few minutes.
Term Life Insurance Premium Calculator
Gender
- Male
- Female
Date of Birth
Do you smoke or chew tobacco?
- Yes
- No
Choose required coverage to secure your family’s future
LIC of India Life Insurance Plan List
Name of Plan | Sum Assured | |
LIC Bima Jyoti | 20 lac - 10 cr | Check Premium |
LIC Jeevan Umang | 20 lac - 10 cr | Check Premium |
LIC SIIP | 20 lac - 10 cr | Check Premium |
LIC Jeevan Anand | 20 lac - 10 cr | Check Premium |
LIC Jeevan Labh | 20 lac - 10 cr | Check Premium |
Why to Buy Life Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 66 Lacs+ happy customers
Claim Process at LIC of India Life Insurance
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FAQs
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Is GST applicable on life insurance premiums?
Yes, a GST slab of 18% is applicable to the premium charged for a plan.
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What is the age limit to purchase a LIC life insurance policy?
A basic life insurance plan can be purchased from 20 years of age to 60 years of age.
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Does consumption of tobacco/alcohol affect the premium calculation?
Yes, consumption of tobacco/alcohol affects the premium calculation as consumption of tobacco/alcohol is injurious to health, people who consume either of both are considered at high risk. When you declare that you consume tobacco/alcohol on a regular basis, the premium amount rises.
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Does my LIC life insurance policy cover death due to COVID-19?
Yes LIC insurance policies now cover death caused due to COVID-19.
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Can I pay my renewal premium online?
The renewal premium payments can be made online on the LIC website through net banking, credit/debit card, BHIM and UPI.
LIC of India Life Insurance Contact Details
LIC of India Life Insurance
022-6827-6827Mon to Sat 8:00 AM to 8:00 PM