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LIC Endowment Plan Premium Claculator

Published On Mar 23, 2021, Updated On Apr 23, 2021

LIC New Endowment plan premium calculator is an online tool that will help you in calculating the premium for this endowment plan. You can easily access LIC’s official website and use the online calculator. LIC endowment premium calculator is a medium through which you can calculate the premium for LIC New Endowment Plan. Premium is calculated on the basis of details you fill in the calculator. Read below to find out how to calculate premium using this tool and this tool works.

Also Read:- Best Endowment Plans in India 2021

How To Use LIC Endowment Plan Premium Calculator?

LIC endowment plan premium calculator is very easy to use. It's hassle-free and calculates the premium within minutes. Follow these simple steps to calculate premium through LIC endowment premium calculator:

Step 1: Open LIC’s official website and click on the ‘Endowment Plans’ section.

Step 2: Click on ‘New Endowment Plan’ option.

Step 3: After the premium calculator appears on the screen fill in the required details such as Sum Assured, Current Age and Policy Term.

Step 4: Select the rider that you would prefer with your endowment plan.

Step 5: Click on the ‘Calculate’ button.

How Does LIC Endowment Plan Premium Calculator Works?

LIC endowment plan premium calculator takes your preference into account and calculates the premium depending on the details you fill. You need to enter the sum assured amount you prefer in multiples of 5000. You can choose the policy term which will help in determining the amount of the premium that is to be paid monthly. quarterly, half-yearly or yearly. By adding riders to the endowment plan, you will have additional coverage which will increase the premium amount. 

The premium calculation depends on the sum assured amount, policy term and chosen rider. The premium calculated is an estimate of what you have to pay as premiums. As soon as you click on the ‘Calculate’ button, the premium is calculated. 

You May Also Like to Read:- How Do Endowment Plans Generate Returns?

The 5 Most Popular Endowment Plans In India

Bottom Line

LIC endowment plan premium calculators are very easy to use. You simply have to enter the sum assured amount you prefer, enter your age, select the policy term and select the rider to calculate the premium. This online tool helps you instantly calculate the premium and saves time. LIC endowment plan premium calculator eliminates the need to visit an agent or advisor to purchase the endowment plan, it helps in making an informed decision.

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