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LIC Calculator: Know Your LIC Premium & Maturity Instantly
The LIC Calculator is a digital tool that helps you estimate premiums and maturity amounts for various LIC policies. It is a reliable tool for policyholders to assess their financial commitment and expected returns. You can get instant, free calculations by entering basic details such as your age, policy term, sum assured, and premium payment term. Simply put, an LIC policy calculator helps you compare plans, budget better, and select a policy that aligns with your long-term financial goals.
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Let's learn how the LIC calculator for maturity and premium works in detail:
What is the LIC Calculator for Maturity and Premium Amount Calculation?
The LIC Calculator is a free online tool from the LIC of India. It helps policyholders estimate premiums and maturity payouts of various LIC policies, such as LIC term insurance plans and others.
With the LIC calculator 2025, policyholders can check the premiums for their LIC policy and customize the plan to fit their needs and budget. In addition to calculating the complete payout amount, it estimates monthly, quarterly, half-yearly, and yearly premiums, making it easy to choose the best option.
The LIC premium calculator is useful for all LIC policyholders as it helps them to make the right decisions about plan selection and understand the total amount required to pay or how much maturity benefit will be received from their life insurance policy.
You can also check the premium amount of term insurance plan using the term insurance calculator. And if you're planning for long-term wealth creation, choosing an SIP calculator can help you estimate potential returns on your investments through systematic investment plans (SIPs).
How to Use the LIC Calculator for Maturity and Premium Amount Calculation?
Before calculating any premium using LIC calculator, always make sure you have your age, policy term, and the sum assured you want to opt for handy. With these details, you will be able to check your premium through the LIC premium calculator:
Step-by-Step Guide to Using the LIC Premium Calculator
The LIC Premium Calculator is easy to use and helps you estimate your life insurance premium quickly. This tool is perfect for anyone looking to understand their life insurance costs before deciding. Here are the steps to use it easily:
Step 1: Go to the official LIC website. Scroll down and find, “How much you need?”
Step 2: Under the header, you will find “Coverage Calculator” and “Premium Calculator”. Click on Calculate Premium.
Step 3: Provide all the information asked in the form and hit Next. You will get options to get a Quick Quote or Compare Quotes. Click on Quick Quote.
Step 4:Select your LIC policy, select it and hit “Coverage”.
Step 5: Enter details such as sum assured, premium payment mode, policy term, policy Payment term. Hit “Quote”.
The LIC Calculator 2025 will illustrate your total premium in monthly, quarterly, half-yearly, and yearly modes, including tax, and provide its bifurcation.
Types Of LIC Calculator 2025
Each LIC calculator is built using official data and formulas provided by LIC, ensuring accuracy and consistency with real policy outcomes. These tools are designed to help you make informed financial decisions by providing clear, reliable projections tailored to your specific plan details.
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LIC Maturity Calculator: Estimate the maturity amount you’ll receive at the end of your policy term.
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LIC Premium Calculator: Calculate the premium you’ll need to pay based on policy type, term, and sum assured.
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LIC Return Calculator: Get a detailed projection of your policy’s returns, including bonuses and final payouts.
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Surrender Value Calculator: Know how much you’ll get if you surrender your policy before maturity.
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LIC SIP Calculator: Use the mutual fund SIP approach to understand how regular investments in LIC plans can grow over time.
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LIC HFL EMI Calculator: Calculate your home loan EMI if you're availing housing finance through LIC Housing Finance Limited.
What are the Benefits of the LIC Policy Calculator?
Using the LIC policy calculator helps in estimating premiums and maturity benefits but also is beneficial in other ways, such as:
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Time-Saving:
Calculating LIC premiums or maturity amounts manually can be time-consuming. However, calculating using the LIC calculator can save time and give quick results in just a few clicks.
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100% Accuracy and Transparency:
LIC policy calculator gives accurate results for premiums and maturity amounts based on age, policy term, sum assured, etc. Using the LIC Plan Calculator also adds transparency. It lets individuals know exactly how much they will pay in premiums and how much they can expect to receive upon maturity.
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Easy to Use:
Policyholders can use the LIC calculator 2025 online and experience an easy-to-use method for calculating their LIC policy’s premiums and returns.
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Quick Comparison:
Using the LIC Policy Calculator, you can compare several LIC policies easily and choose the right LIC policy for you as per your needs and requirements.
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Financial Planning:
With the LIC Policy Calculator, you can estimate your premium amounts in advance, monthly, or annually, making it easier to align your insurance with your budget. Additionally, these tools help you calculate the potential payout or maturity amount, giving you a clearer picture of the long-term financial benefits your policy offers. The calculator is applicable for all LIC plans, including LIC Pension Plans, LIC ULIP plans, LIC Child plans, etc.
How Does the LIC Policy Calculator Work?
The LIC Calculator is a useful online tool that helps individuals estimate their insurance premiums, maturity benefits, and bonuses before purchasing an LIC policy. It ensures the selected plan aligns with the policyholder's financial needs and budget.
Let's understand how the LIC policy calculator works with an example:
Amit, a 30-year-old professional earning ₹12 lakhs per annum, wants to secure his family's future by investing in an LIC policy. However, he is unsure about the premium he will have to pay for his desired coverage.
To get an estimate, Amit visits the LIC Calculator and follows these steps:
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Step 1: Enter Policy Information: With the option to use LIC maturity calculator by policy number, he selects the type of LIC policy he wants, such as an endowment plan or a money-back policy.
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Step 2: Choose the Sum Assured: Amit enters the amount he wants as a guaranteed payout, ensuring financial security for his loved ones.
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Step 3: Select the Policy Term: He decides how many years he wants to keep his LIC policy active.
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Step 4: Choose Premium Payment Mode: Amit selects his preferred payment frequency from monthly, quarterly, half-yearly, or annual options.
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Step 5: Provide Age/DOB Details: Since age is crucial in determining premium rates, he inputs his current age.
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Step 6: Add Optional Riders (if applicable): Amit explores add-ons like an accidental death benefit or a premium waiver benefit rider to enhance his policy benefits.
**Within seconds, the LIC Calculator provides an estimated premium amount based on Amit's inputs, helping him make an informed financial decision.
**Note: The estimate provided by the LIC Calculator 2025 is for reference only. The final premium amount may vary based on medical history, eligibility criteria, and LIC's underwriting assessment.
Sample Premium Calculation using LIC Premium Calculator
Here is an example of a life insurance premium calculation using the LIC premium and maturity calculator.
For this illustration, we have selected LIC Jeevan Labh plan. Let's understand how the LIC calculator computes the premium and payout amount using the following policy details:
| Name of the Plan | LIC Jeevan Labh |
| Age of the Insured | 30 years |
| Tenure/Term of the Plan | 70 years |
| Premium Paying Term | 30 years |
| Sum Assured of the Plan | Rs 2 Lakhs |
| Accident Benefit Rider | Not Selected* |
*The Accident Benefit rider offers an additional cover in case of accidental deaths on the top of the base life insurance plan. The insurer charges an extra premium amount for such riders. The LIC premium calculator also offers visibility on the extra premium charged for riders.
Here is the premium payable under the plan as calculated by the LIC calculator:
The premium payable under the plan is:
| Policy Tenure (Premium Paying Tenure) | Premium Amount (Rs) | |||
| Monthly | Quarterly | Half-Yearly | Yearly | |
| 16 (10) | 18,567 | 9,378 | 4,736 | 1,579 |
| 21 (15) | 12,228 | 6,176 | 3,119 | 1,040 |
| 25 (16) | 10,476 | 5,292 | 2,672 | 890 |
Sample Returns Calculation Using LIC Return Calculator
Any LIC calculator from the official LIC website can be used to calculate a policy's premium and payout amounts. Let us take another example for the LIC returns calculator. For this illustration, we have selected the LIC Smart Pension plan.
| Name of the Plan | LIC Smart Pension |
| Age of the Insured | 30 years |
| Sum Assured of the Plan | INR 10 Lakhs |
| Annuity Option | Life Annuity |
The LIC Smart pension plan calculator, the Annuity (pension) amount under the plan will be:
| Monthly Annuity | INR 68,188/- |
| Quarterly Annuity | INR 33,412/- |
| Half-yearly Annuity | INR 16,535/- |
| Yearly Annuity | INR 5,455/- |
LIC Policy Calculators Available Online
Policyholders can use the free LIC calculator to instantly check their LIC policy premium, maturity amount, and surrender value. It’s 100% accurate, easy to use, and suitable for all LIC policies. Here is a list of available LIC Policy calculators:
Sometimes, you will find an LIC insurance calculator named as per their features. Some of them are 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, and LIC 10 lakh policy premium calculator online. In such cases, you should ensure you use the right LIC calculator as per your official plan name. Using the right LIC policy calculator, you can estimate premiums, maturity benefits, and other essential details for the respective plans. Always review the policy brochure before making decisions.
Can I Calculate the LIC SIP amount with the LIC Calculator?
No, the standard LIC Calculator is mainly designed for traditional life insurance policies; it helps calculate premiums, maturity values, surrender values, and returns based on fixed policy terms and bonuses.
To estimate investments in mutual funds, you should use the LIC SIP Calculator and calculate LIC Mutual Fund SIP Returns. This tool helps compute the amount you need to invest regularly through Systematic Investment Plans (SIPs) to reach financial goals like buying a house, funding your child’s education or marriage, or planning retirement.
Summing It Up
An LIC Calculator is a valuable tool for choosing an ideal LIC policy. It is recommended that you use an LIC policy maturity calculator when you want to know if the plan offers sufficient returns. On the other hand, if your primary concern is regarding the plan's affordability, you can use the LIC premium calculator to check the premium amounts. The LIC policy calculator is user-friendly, saves time, gives reliable results, simplifies comparing policies, supports budget planning, provides customization possibilities, increases process transparency, and calculates premiums for multiple policies simultaneously.
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FAQs
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Q: What is an LIC return calculator?
Ans: An LIC return calculator is a digital tool that helps you estimate potential returns from your LIC policies. Whether you're using an LIC policy calculator or LIC maturity calculator, it shows maturity values, bonuses, and payouts based on your inputs, offering clear financial planning insights. -
Q: Are LIC calculators free to use?
Ans: Yes, LIC calculators such as the LIC policy calculator, LIC premium calculator, and LIC maturity calculator are completely free to use online. They allow you to evaluate premiums, returns, and benefits for various LIC policies, helping you make informed investment decisions at no extra cost. -
Q: Are LIC calculators accurate?
Ans: LIC maturity calculator tools provide reasonably accurate estimates based on policy details like sum assured, tenure, and bonus rates. While actual payouts may vary, LIC calculators help you plan effectively by offering close approximations of premiums, maturity values, and returns on LIC policies. -
Q: How do I calculate LIC month-wise return?
Ans: To calculate month-wise returns, use an LIC calculator or LIC policy calculator by inputting your premium, policy term, and expected benefits. It will show how your investment grows over time, breaking down returns into manageable monthly estimates, aiding in detailed financial tracking and planning. -
Q: How can I calculate the ROI for LIC policies?
Ans: You can calculate ROI using an LIC maturity calculator by entering details like premiums paid, sum assured, and tenure. The LIC policy calculator estimates total returns including maturity and bonuses, letting you compare investment against payouts to assess overall return on investment (ROI). -
Q: How to calculate LIC insurance premiums?
Ans: The LIC premium calculator can help calculate life insurance premiums. By entering the sum assured amount, age, income, and premium-paying frequency, an individual can determine the premium amount of the policy. -
Q: How do I calculate the LIC policy maturity amount?
Ans: You can use the LIC maturity calculator to calculate your LIC policy maturity amount. You have to input your policy details, including policy terms, sum assured, and premium payment frequency. The LIC maturity amount calculator will then provide you with an estimate of your maturity amount based on these inputs. -
Q: How to use LIC Premium Calculator from LIC’s official website?
Ans: Step 1: Visit LIC’s official website and locate the “Calculate Premium” section
Step 2: Enter required details such as name, DOB, age, gender, contact, etc.
Step 3: Choose your LIC plan
Step 4: Enter required details such as policy term, sum assured, policy term and premium paying term.
The calculator will generate a quote displaying premium amounts in monthly, quarterly, half-yearly and yearly modes. -
Q: Which LIC plans have calculators available on the official website?
Ans:- Bima Shree (Table 948)
- Jeevan Labh (Table 936)
- Jeevan Umang (Table 945)
- Jeevan Shiromani (Table 947)
- New Children’s Money Back (Table 932)
- Jeevan Tarun (Table 934)
- New Money Back 25 years (Table 921)
- New Money Back 20 years (Table 920)
- New Jeevan Shanti Pension Plan (Table-850)
- New Endowment (Table 914)
- Amulya Jeevan 2(Table 822)
- New Jeevan Anand (Table 915)
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Q: How to Calculate Tax on LIC Maturity Amount?
Ans: When you receive your LIC maturity amount, the insurance company deducts a 5% Tax Deducted at Source (TDS) on the income component of the payment. For example, if your maturity amount is ₹5,00,000 and the income portion is ₹1,00,000, the TDS will be ₹5,000 (5% of ₹1,00,000). The company will then release the remaining amount after the deduction. -
Q: How to calculate GST for LIC?
Ans: As of September 22, 2025, GST on LIC and other life insurance policies has been removed. This means policyholders no longer have to pay GST on their premiums. Before this change, the GST was already included in the total premium amount. If you're using an LIC policy calculator, you’ll now get premium estimates excluding GST. -
Q: What is an LIC SIP calculator?
Ans: An LIC SIP calculator is an online tool that helps investors estimate the future value of their Systematic Investment Plan (SIP) investments. By inputting details like the monthly investment amount, tenure, and expected rate of return, the calculator provides an easy way to project the potential growth of the invested funds over time. -
Q: What is the formula used by the LIC SIP calculator?
Ans: The SIP returns calculation formula is:
A = P × (1+r/100)^n
where,
P = The Principal amount invested through SIP
r = The assumed annual rate of return
n = The number of SIP instalments -
Q. How to check the maturity amount of LIC policies?
Ans: If you want to check the maturity amount of LIC policies, using an LIC calculator is the best option. There are options such as asking an agent or visiting the branch, but an LIC calculator will provide you with the exact amount and any additional benefits, if any.
Different types of Plans
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
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