LIC official website features a Premium Calculator that helps you estimate premiums and maturity or death benefits for various plans. You can access it via the Buy Online or Insurance Plans sections. Here’s how to locate and use it:

1. Visit LIC India website and select **Buy Online** or **Insurance Plans**.
2. Choose your desired policy (e.g., Tech Term, New Endowment).
3. Enter details like age, sum assured, policy term, payment mode.
4. The calculator estimates your **premium**, along with potential **maturity/death benefits**, taxes, and modal breakdowns.

This tool is backed by LIC’s official premium-rate tables and ensures accurate, up-to-date calculations.

Alternative LIC Premium calculators Websites

Several third-party platforms also offer LIC premium calculators using official data:

LICPremiumCalculator.in : Offers a user-friendly interface for endowment, term, money-back, and pension plans.

LICCalculator.in: Provides detailed premium and maturity projections with graphs; based on LIC brochure rates.

PolicyBazaar LIC Calculator & InsuranceDekho : Include LIC term and other plan calculators for easy comparisons.

Why Use the Official Calculator?

**Accuracy & Reliability**: Uses the latest version of LIC’s premium rates directly from official sources.
**Comprehensive Coverage**: Available for all LIC policies, including newer options like e-Term and Tech Term.
**Official Interface**: Gives a seamless experience aligned with LIC’s actual policy offerings.

 

How to Use It

| 1 | Go to LIC’s website (licindia.in) |
| 2 | Click on **Buy Online** or browse **Insurance Plans** |
| 3 | Pick your desired plan |
| 4 | Use the built-in Premium Calculator tool |
| 5 | Enter your details (age, term, sum assured, mode) |
| 6 | View detailed premium info, benefit breakdowns, and optional riders |

Related Article-LIC Pay Direct : Simplifying Your Premium Payment Process

FAQ about LIC Premium Calculator

Q: Why is it recommended to use LIC’s official calculator?
A: It uses the most current premium tables and aligns exactly with LIC’s underwriting criteria and offerings.

Q: Can the LIC Premium calculator include optional riders?
A: Yes, you can typically select riders such as accidental death, term assurance, or premium waiver, and see the premium impact immediately.

Q: Does it include GST and modal loading?
A: Yes—the calculator reflects 18% GST, plus any loading charges based on your chosen payment frequency.

Q: Is this tool useful for budgeting?
A: Absolutely. It provides year-wise premium details and insights into maturity or death benefits, helping you make informed financial decisions.

Conclusion

For accurate premium estimates on LIC plans—factoring in GST, riders, benefits, and term options—**LIC’s official premium calculator** remains the most reliable. It’s complemented by third-party tools for quick comparisons, but nothing beats the precision of LIC’s own platform.

Disclaimer- This Article is For Educational Purpose Only, Kindly Ask Your Official LIC Agent For Accurate Information.