LIC Calculator - Calculate Premiums, Maturity Value & Bonuses

What is an LIC Calculator?

An LIC Calculator is a free online tool that helps you estimate the key financial details of an LIC policy before purchasing or during the policy term. It gives you a quick estimate of:

• Premium amount

• Maturity value

• Surrender value

• Year-wise policy projections

Using an LIC Calculator, both new and existing LIC policyholders across the world can compare different life insurance plans offered by LIC and make better financial decisions. It provides an approximate estimate of premiums, maturity benefits, bonuses, and rider costs for various LIC policies. For example, an LIC Maturity Calculator estimates the maturity sum assured at the end of the policy term, while the LIC Premium Calculator helps you calculate the premium payable for your chosen policy. The Policybazaar LIC Calculator is available free of cost and enables you to estimate your policy premiums and expected maturity amount with ease.

How Does an LIC Calculator Help?

The LIC calculator is helpful to both new and existing policyholders helping them with solutions to their respective situations:

For New Customers:
The LIC Calculator instantly provides an estimate of the premium for different LIC plans, making it easier and quicker to compare options and choose a policy that matches your financial goals and budget.

For Existing Policyholders:
If you already have an LIC policy, the calculator helps you estimate premium amounts, maturity benefits, bonus values, and other key policy details for better financial planning.

For Plan Comparison:
The calculator lets you compare multiple LIC plans based on factors such as premium, benefits, maturity value, and overall coverage, helping you make a well-informed decision that aligns well with your financial goals and commitments.

How to Use the LIC Calculator?

LIC Calculator is an easy to use digital tool that provides quick real-time responses. The calculations are made based on the details you provide. Therefore, the accuracy of the result depends on the information you enter. The input values may differ based on the specific policy for which you’re making the calculations.

Here is how it generally works:

• Input Required Policy Details - Enter the basic policy details like the sum assured, policy term, and number of premiums.

• Get Instant Results - The LIC Calculator provides instant estimates based on the details you enter. It calculates the premium payable under different payment modes, including monthly, quarterly, half-yearly, and yearly. Once you select your preferred payment mode, the calculator generates a detailed policy illustration showing the estimated maturity value, expected bonuses, surrender value, life cover, and other applicable policy benefits.

• Download Results - After reviewing the results, you can download the detailed policy illustration for future reference. The LIC Maturity Calculator allows you to save the illustration as a PDF or share it directly with others.

What are the Types of LIC Calculators?

When you buy a life insurance policy, there are several key details to be calculated to estimate your investments and respective returns. Therefore, there are different LIC policy calculators to calculate various financial aspects of a policy. Following are the top LIC calculators of 2026:

LIC Maturity Calculator

The LIC Maturity Calculator estimates the amount you may receive when your policy matures. It helps both new and existing policyholders understand the expected maturity value of their investment in a specific policy.

LIC Premium Calculator

The LIC Premium Calculator helps you estimate the premium payable for your policy based on your mode (monthly, quarterly, half-yearly, or yearly). Simply enter details such as your age, sum assured, policy term, and premium payment frequency to get an instant premium estimate.

LIC Loan Calculator

The LIC Loan Calculator estimates the loan amount you may be eligible to avail against your LIC policy once it qualifies for a policy loan. It also shows a year-wise illustration of the eligible loan amount. Also known as the LIC HFL Home Loan Calculator, it helps policyholders estimate their EMI, loan tenure, and repayment schedule for LIC Housing Finance home loans.

LIC SIP Calculator

The LIC SIP Calculator helps you estimate the future value of your monthly SIP investments. It can assist you in planning financial goals such as retirement, your child's education, marriage, or buying a home. The results are indicative and may vary depending on actual market performance.

LIC Surrender Value Calculator

The LIC Surrender Value Calculator estimates the amount you may receive if you surrender your policy before its maturity. The calculation is based on factors such as premiums paid, policy term, and the applicable surrender value.

LIC Pension/Annuity Calculator

The LIC Pension Calculator estimates the pension or annuity payouts you may receive from your pension plan. By entering details such as the purchase price and plan option, you can calculate the expected monthly, quarterly, half-yearly, or annual income.

LIC Plan Specific Calculator

LIC also offers calculators for specific insurance plans. If you want to estimate premiums or benefits for a particular policy, such as LIC Jeevan Labh, LIC New Jeevan Anand, LIC Jeevan Bima, or LIC Jeevan Utsav, simply search for the plan name or plan number to access its dedicated calculator.

LIC Term Plan Calculator

The LIC Term Insurance Calculator estimates the premium for your chosen term insurance plan. It considers factors such as your age, sum assured, policy term, and smoking status to provide a more accurate premium estimate.

LIC ULIP Plan Calculator

The LIC ULIP Calculator helps estimate the potential value of your ULIP investment over time. By entering details such as the premium amount, policy term, and expected rate of return, you can get an idea of your investment's future growth and plan your finances accordingly.

How to Calculate Maturity Value Using LIC Maturity Calculator

You can easily and quickly calculate the maturity value of your LIC policy using the LIC Maturity Calculator through the LIC of India website:

Step 1: Visit the official LIC website and scroll down to the "How Much You Need?" section.

Step 2: Under this section, you'll find the Coverage Calculator and Premium Calculator. Click on "Calculate Coverage."

Step 3: Enter the required details and click "Next." You can then choose between a Quick Needs Analysis and a Comprehensive Needs Analysis, depending on your preference.

Step 4: If you want to include another family member in the analysis, click the "+" icon and enter their details.

Step 5: Select your financial goal (or the goal for the added member) and click "Calculate" to view the recommended coverage amount.

Key Features of the LIC Calculator

The LIC Calculator comes with several useful features that help you evaluate and compare LIC policies with ease:

• Instant Premium Estimates: Calculate the estimated premium by entering details such as your age, sum assured, policy term, and premium payment mode.

• Maturity Value Estimation: Get an approximate estimate of the maturity amount you may receive at the end of the policy term, helping you plan your finances better.

• Surrender Value Calculation: For eligible LIC policies, the calculator estimates the amount you may receive if you surrender your policy before maturity.

• Multiple Premium Payment Modes: View premium estimates for annual, half-yearly, quarterly, and monthly payment options to choose the mode that best suits your budget.

• Plan Comparison: Compare different LIC plans based on premiums, benefits, maturity value, and coverage to make an informed decision.

• Quick and Easy to Use: Simply enter a few basic details to receive instant results within seconds.

• Free Online Tool: The LIC Calculator is available online at no cost, allowing you to evaluate policies anytime and from anywhere.

What are the Benefits of the LIC Calculator?

Using an LIC Policy Calculator offers several advantages that make policy selection and financial planning easier:

• Helps You Choose the Right Plan: Compare different LIC policies and select the one that best matches your financial goals and protection needs.

• Supports Better Financial Planning: Get a clear estimate of your premium payments and expected policy benefits to plan your finances more effectively.

• Improves Budget Management: Check whether the premium fits your budget before purchasing a policy, helping you make an informed decision.

• Enables Goal-Based Planning: Evaluate different coverage amounts and policy terms to choose a plan that aligns with goals such as retirement, children's education, wealth creation, or family protection.

• Provides Greater Transparency: Understand the estimated costs, benefits, and returns of a policy before making a purchase.

• Makes Plan Comparison Easier: Compare multiple LIC plans based on premiums, coverage, maturity benefits, and other key features.

• Useful for Existing Policyholders: Review your current policy benefits and determine whether your coverage still meets your changing financial needs.

• Prevents Underinsurance and Overinsurance: Choose an appropriate sum assured and policy term so you have adequate financial protection without paying for unnecessary coverage.

What Details are Required to Use an LIC Calculator?

The information required depends on the type of LIC Calculator you are using. Some of the commonly required details are:

For the LIC Premium Calculator

• Age

• Gender

• Sum Assured

• Policy Term

• Premium Payment Frequency

• Smoking Status (for term insurance plans)

• Plan Type (if applicable)

For the LIC Maturity Calculator

• Sum Assured

• Policy Term

• Annual Premium

• Expected Bonus Rate

• Final Additional Bonus (if applicable)

Other Online LIC Calculators

LIC offers plan-specific calculators that help policyholders estimate premiums, maturity benefits, and other policy values tailored to particular policies. Some of the commonly used LIC policy calculators include:

• LIC Nivesh Plus Return Calculator

• LIC New Jeevan Shanti Plan Calculator

• LIC Jeevan Labh 936 Premium and Maturity Calculator

• LIC Jeevan Saral Maturity Amount Calculator

• LIC Jeevan Tarun Premium Calculator

• LIC New Children’s Money Back Premium Calculator

• LIC New Money Back 20 Years Premium Calculator

• LIC New Jeevan Anand Premium Calculator

• LIC New Endowment Premium Calculator

You may also come across calculators that are named based on a policy feature rather than the actual policy name, such as:

• LIC 1 crore policy premium calculator

• LIC 15 years plan calculator

• LIC 1 lakh policy 15 years maturity calculator

• LIC 10 year plan calculator

• LIC money back policy 20 years maturity calculator

• LIC 10 lakh policy premium calculator online.

• LIC tech term premium calculator

When using an LIC Calculator, it is crucial to match your policy's official plan name or plan number to get accurate estimates. Many users search for an LIC Maturity Calculator using their policy number but most online calculators require details such as the sum assured, policy term, premium amount, and premium payment frequency to estimate the premium or maturity value, rather than the policy number alone.

Summing Up!

An LIC Calculator is a simple yet powerful online tool that helps you estimate premiums, maturity value, bonuses, surrender value, and other key policy benefits before making an investment. For policyholders buying a new LIC policy, reviewing an existing one, or comparing multiple plans, it helps them make informed financial decisions with confidence. By using the right LIC Calculator for your policy, you can better plan your insurance needs, avoid guesswork, and choose a plan that aligns with your long-term financial goals.

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