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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.

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Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

calendericon

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

LIC of India Life Insurance Plan List

    Name of PlanSum Assured
    LIC Bima Jyoti20 lac - 10 cr Check Premium
    LIC Jeevan Umang20 lac - 10 cr Check Premium
    LIC SIIP20 lac - 10 cr Check Premium
    LIC Jeevan Anand20 lac - 10 cr Check Premium
    LIC Jeevan Labh20 lac - 10 cr Check Premium
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    Why to Buy Life Insurance Policy Online from InsuranceDekho

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    User Reviews

    4.7
    Rating based on
    267 User reviews
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    What users are saying
    • All
    • Exceptional Team Support

      I recently had an outstanding experience with InsuranceDekho's support team regarding my LIC life insurance policy. Their exceptional dedication to customer satisfaction reaffirmed my confidence in both InsuranceDekho and LIC life insurance.

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      V
      LIC
      By Vishesh Arora
      On: Mar 11, 2024
    • Buy Conveniently

      Nice place to purchase a Life insurance policy. I bought the LIC Life Insurance Plan. The process was quite smooth and easy. The policy tracking feature is very impressive. It's been a week since I bought the LIC life insurance policy. It was easy for me to know the status of my plan on InsuranceDekho’s online portal.

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      M
      LIC
      By Manish Rathor
      On: Feb 09, 2024
    • Recommended Service

      This platform is my favorite place to buy a Life insurance policy. I bought the LIC LIfe insurance plans from Insuranedekho’s website. All the documentation and paperwork were done online easily and safely. I recommend everyone who is looking forward to buying an affordable life insurance plan.

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      S
      LIC
      By Soniya Rajput
      On: Dec 12, 2023
    • User-friendly website

      The website of InsuranceDekho is extremely easy to use. I was easily able to scroll through the different sections of the website when I was buying LIC Life Insurance Policy from InsuranceDekho. 

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      S
      LIC
      By Shreya Deol
      On: Nov 24, 2023
    • Smooth process

      The overall process of buying the LIC Life Insurance Policy from InsuranceDekho was quite easy. On the website, a range of plans was available and all the information related to plans was provided there.

      Read More

      S
      LIC
      By Samir Hussian
      On: Nov 21, 2023
    View All LIC of India Life Insurance Reviews

    Claim Process at LIC of India Life Insurance

    • 1

      Claim Intimation

      In the event of the death of the life assured, the insurance company should be intimated as early as possible.
    • 2

      Submission of Documents

      For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
    • 3

      Claim Evaluation

      After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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    FAQs

    • Is GST applicable on life insurance premiums?

      Yes, a GST slab of 18% is applicable to the premium charged for a plan.

    • 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.

    • 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.

    • Does my LIC life insurance policy cover death due to COVID-19?

      Yes LIC insurance policies now cover death caused due to COVID-19.

    • 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.

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