LIC Calculator- Calculate Premium, Maturity and Returns

Read on to learn more about the LIC Calculator and how it works.

Which LIC Calculator Do You Need?

What is an LIC Calculator?

The LIC Calculator is an online tool by LIC of India to help users estimate their premiums and returns amounts for their chosen LIC policy. It enables customers to get a rough idea of the main financial aspects of their investment in LIC of India policies:

• Premium Amount

• Estimated Maturity Amount

• Death Benefit Value

• Surrender Value

• Loan Value

• Year-wise projections

• Potential Bonuses

Using the LIC plan calculator or LIC policy calculator new and existing policyholders can plan for the future and even compare different plans before making a final decision. It helps the users to approximately know the premiums, maturity value, bonuses and costs of riders for LIC plans. For instance, the SIP calculator shows the result of returns on monthly investments, while the LIC premium calculator estimates the cost of the premium.

The LIC Calculator is used to calculate several figures within a life insurance policy. Let us understand each of them through the different types of LIC Calculators in 2026.

How Does the LIC Calculator Work?

The LIC Plans Calculator needs relevant data from the user to provide customized results. Let’s see how it works.

Step 1: Input Basic Details

The LIC Calculator asks the user for a few mandatory details like DOB and gender along with a few other details like name, phone no., email, etc. You may also have to enter personal information like if you smoke or not as it is an important contributing factor for some of the LIC India policies.

Additionally, you will be required to enter the policy details like the sum assured you want, frequency of premium payment you choose, total policy term, etc.

Step 2: Get Instant Results

The LIC Premium Calculator generates quick results after just a few clicks. It shows the premium amounts for the policy in monthly, quarterly, half-yearly, and yearly modes. Then based on the mode you choose, you can generate a detailed breakdown. That illustration will show your estimated maturity amount, bonuses, surrender value, total coverage and other policy benefits.

Step 3: Download Results PDF

Users do not need to come back again and again for the calculations as they can download the results in a PDF format to share or for future use.

How to Use an LIC Calculator?

You can access the LIC Calculator on LIC’s official website. There are two calculators on the website. One is the premium calculator and the other is the coverage calculator. Steps to use them are given below.

LIC Premium Calculator On LIC Website

The premium calculator computes the premium and also illustrates the maturity amount along with bonus, surrender value and other relevant policy details. Here is how you may use it:

Step 1: Visit the official LIC website. Scroll down to find “How much insurance you need?” section.
Step 2: The section will have two options: “LIC Coverage Calculator” and “LIC Premium Calculator.” Click on “Calculate Premium”.
Step 4: Select your LIC policy, then hit 'Coverage'.
Step 5: Enter details such as sum assured, premium payment mode, policy term and policy payment term. Hit 'Quote'.

Step 6: The LIC Calculator 2026 will present premium options under different premium payment frequencies and once you select your desired premium, an elaborate illustration of your premiums and benefits will be available for download.

LIC Maturity Calculator On LIC Website

The coverage calculator on the LIC website works a little differently than the premium calculator. It first asks you what your needs and insurance goals are and then based on that, it suggests you the most relevant plans. Here is how to use this LIC calculator:

Step 1: Go to the official LIC website. Scroll down and find, 'How much insurance you need?'.
Step 2: Under the header, you will find 'Coverage Calculator and 'Premium Calculator'. Click on ‘Calculate Coverage’.
Step 3: Provide all the information asked in the form and hit ‘Next’. You will get options to get a Quick Needs Analysis and Comprehensive Needs Analysis. Choose ‘Quick Needs Analysis’ for quick results.
Step 4: If you need to add another person to your policy then click on the ‘+’ icon and add the details.
Step 5: You can choose the goals for yourself or your added member. Select the goal type. Click on ‘Calculate’.

The LIC coverage calculator will show you various plans available as per the details you provided and your desired returns and goals from the policy.

You can also use various plan specific LIC Calculators. Some of these are given below:

• LIC SIIP Calculator

• LIC Index Plus Calculator

• LIC Nivesh Plus Calculator

• LIC Jeevan Umang Calculator

• LIC Jeevan Utsav Calculator

• LIC New Pension Plus Plan Calculator

LIC Maturity Calculator: How to Calculate Your Maturity Amount

The LIC maturity calculator estimates the amount you receive if you survive the full policy term. The LIC India maturity calculator is plan-specific: you pick your plan in LIC's premium calculator, enter your sum assured, policy term and premium payment term, and the illustration shows your estimated maturity amount with bonuses. Many people search for the LIC of India maturity calculator, but no single tool covers every plan, so use the calculator for your own plan. The LIC calculator maturity amount is only an estimate, because future bonuses are not guaranteed.

How Is the LIC Maturity Amount Calculated?

For most traditional with-profit LIC plans, the maturity amount is estimated as:

Maturity Amount = Sum Assured + (Bonus Rate × Sum Assured ÷ 1,000 × Policy Term) + Final Additional Bonus

LIC declares the bonus rate per ₹1,000 of sum assured each year, and it differs by plan and by year. Final Additional Bonus is paid only on certain plans at maturity. Because future bonuses are not guaranteed, treat the result as an estimate.

Worked example (illustrative only): Sum assured ₹5,00,000, policy term 20 years, assumed bonus of ₹40 per ₹1,000 of sum assured each year, no final additional bonus.

• Total bonus = 40 × (5,00,000 ÷ 1,000) × 20 = ₹4,00,000

• Estimated maturity amount = ₹5,00,000 + ₹4,00,000 = ₹9,00,000

The ₹40 bonus rate here is an assumption chosen to explain the method. It is not LIC's declared rate for any plan.

Estimate Your LIC Maturity Amount

[Calculator to be embedded here.] Suggested inputs and outputs for the on-page estimator:

Show a clear "estimate only" label next to the result, and link to LIC's official premium calculator for the exact illustration.

LIC Maturity Calculator by Policy Number

LIC does not offer a calculator that takes your policy number and returns your exact maturity amount. To check an existing policy, log in to the LIC customer portal or the LIC Digital app. To get a PDF, download the benefit illustration that the premium calculator generates for your plan.

LIC Calculator App: Is There an LIC Maturity Calculator App?

LIC's official LIC Digital app, available for Android and iOS, includes a premium calculator and benefit illustrations, and existing policyholders can sign in to view their policy details. Third-party "maturity calculator" apps are not official and may not reflect the latest LIC products, so cross-check their figures with LIC's own illustration.

Types of LIC Calculators 2026

The Life Insurance Corporation of India offers a calculator to ease your calculations and efforts. The one LIC Calculator has various internal calculators to perform the different functions. Here is a list of all these:

• LIC Premium Calculator: This calculator requires you to input your age, gender and the policy details to calculate exact premiums that you will have to pay according to the sum assured you have chosen for your policy. LIC Premium Calculator illustrates premium amounts for different premium payment modes like single, limited or regular and frequencies like monthly, quarterly, half-yearly and yearly.

• LIC Maturity Calculator: The LIC India Maturity Calculator generates the estimated amount that you will receive if you survive until the end of the policy term. The maturity payout shall comprise sum assured, bonuses, guaranteed additions and market-linked profits depending on the LIC policy you have chosen. Manual calculation could be complex and prone to errors. However, the LIC of India maturity calculator gives instant results with detailed illustrations.

• LIC Death Benefit Calculator: It calculates the death benefit that the nominee of the life assured will receive in case the policyholder passes away during the policy term.

• LIC Personal Loan EMI Calculator: The LIC Loan calculator is used to calculate the amount of loan you can avail against your policy, once it becomes eligible. The amount is shown in a detailed illustration classified year-wise that shows how much EMI has to be paid for how long to repay the loan taken. Apart from this, the LIC loan calculator also means the LIC HFL Calculator. This home loan calculator can be used to know how much EMI has to be paid for how long to repay the loan amount taken from LIC HFL.

• LIC Pension/Annuity Calculator: You can check how much pension/ annuity you will receive from your LIC Pension plan. It requires the purchase price of the pension plan and other basic details to compute how much monthly/ quarterly/ half-yearly/ yearly payouts you will receive after retirement.

• LIC Surrender Value Calculator: Find out how much amount you will receive if you surrender your policy before it matures. It will estimate the amount you will receive as per the year at which you surrender your policy. This calculator shows you the result of terminating your policy early and how much more surrender value you can accumulate with every passing year.

• LIC SIP Calculator: The LIC SIP Calculator can be used to calculate the amount that needs to be invested through SIPs. This is the amount that can be used to build a corpus for future events such as retirement, children’s education, marriage or buying a house. The results of this calculator are approximations which are close to the actual returns. The market dynamics ultimately determine the final real outcome of the investments made.

• LIC Plan Calculator: Specific LIC Calculators for LIC plans are also available for customer’s ease. An LIC plan calculator can be accessed by plan name or even using a plan number. You shall use a calculator for a particular policy, like LIC Jeevan Labh, LIC New Jeevan Anand, LIC Jeevan Bima, or LIC Jeevan Utsav Calculator.

• LIC Term Plan Calculator: The LIC Term Plan calculator online can provide premium estimates of your chosen term insurance plans. Smoking status and age directly affect your premium amounts.

• LIC ULIP Plan Calculator: The LIC ULIP Plan Calculator is another digital calculator that can give you estimated returns as per your fund type chosen in your ULIP plan. You will be asked to enter details of premium amount, policy term, etc. to see how your funds progress in your chosen ULIP as per your long-term goals.

Note: If you are exploring ULIP plans by insurers other than LIC, then you shall use the ULIP Calculator by Policybazaar to estimate your returns from them and compare with those of LIC before making the final choice.

Plan-wise LIC Premium calculators

Each LIC plan has its own rules, so the calculator you need depends on the plan. LIC withdraws and relaunches plans from time to time, so confirm a plan is on sale at licindia.in before you rely on its calculator.

What Can You Calculate Using the LIC Premium Calculator?

New and old policyholders can use the LIC Premium Calculator to get premium estimates of their chosen policy. You can calculate the following:

• Yearly, half-yearly, quarterly and monthly LIC premiums

• Maturity amount including Simple Reversionary Bonus and FAB

• Total premium payable over the policy term

• Benefits of riders like AD & DB Rider, Term Rider and PWB Rider

• Survival benefits and guaranteed income (where applicable)

All the calculations are solely for illustration and educational purposes. Actual premiums and benefits may differ depending on LIC's underwriting rules, proof of age, policy conditions, and future bonus declarations. It is strongly recommended that users contact an authorised LIC agent or review official LIC documents before buying any insurance policy.

Understanding the LIC Calculator Outputs

LIC Surrender Value Calculator and Surrender Value Chart

The LIC surrender value chart is the table of guaranteed surrender value factors given in each plan's brochure. It shows what percentage of your premiums paid you get back if you surrender in a given policy year. The surrender value rises as more premiums are paid and more years pass. Use the chart in your plan's brochure together with the surrender value shown in your benefit illustration to estimate your payout.

What Is Paid-Up Value in an LIC Policy?

If you stop paying premiums after the minimum period, a traditional LIC policy can continue as a paid-up policy with a reduced sum assured instead of lapsing. The reduced amount is roughly the sum assured multiplied by the premiums paid and divided by the total premiums payable. The exact rules depend on the plan, so check your policy document.

LIC Loan Value: How Much Can You Borrow?

Eligible traditional LIC policies that have acquired a surrender value can be used to take a loan. The loan limit is a percentage of the surrender value and is set by LIC, and the loan carries interest. Use the loan calculator or your benefit illustration to see the figure for your plan.

What are the Key Features of the LIC Calculator?

• Calculate Premiums Instantly: You can get an instant quotation on premiums taking into account your age, duration of the policy, amount you want to insure and mode of premium payment.

• Get an Estimate of Maturity Value: LIC maturity calculator will give you a rough but approximate idea of the amount you would get at the end of the policy duration.

• Projection of Surrender Value: Available only for eligible LIC policies, this feature assists in calculating the surrender value you will get as per the time at which you surrender your LIC India policy.

• Display Premiums for Different Payment Modes: Annual, half-yearly, quarterly, and monthly premium payments would be displayed as per the premium payment mode (regular or limited).

• Plan Comparison: It is a helpful tool that lets people compare different LIC schemes and their benefits.

• Simple Operation: Just a few details are required and one gets the results in a matter of minutes.

• Free and Accessible Online: The tool is available online on the LIC of India website and can be used anytime without any cost.

What Details Are Required While Using An LIC Plan Calculator?

The following are some commonly required details needed while using an LIC plan calculator:

LIC Premium Calculator

• Age

• Gender

• Sum Assured

• Policy term

• Smoking Status

• Plan type (if required)

LIC Maturity Calculator

• Sum Assured

• Policy Term

• Premium Payable (amount paid by you at regular intervals)

• Premium Payment Frequency

• Expected Bonus Rate & Final Additional Bonus (if required)

LIC SIP Calculator

• Monthly Investment amount

• Expected Rate of Return (p.a)

• Time period

Example of Premium Calculation using LIC Premium Calculator

Let’s use an illustration from the LIC Premium Calculator on the LIC website to understand how it works. Here, we use the LIC Calculator Jeevan Labh along with the below mentioned policy details to get premium illustration:

*The LIC Accident Benefit rider is available for additional risk cover that can be bought along with 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.

Note: The premiums mentioned here are calculated based on standard industry rates and are only for reference purposes. The actual premium may vary depending upon medical examination, underwriting and current LIC rates. For exact quotations, please get in touch with an LIC agent either online or offline.

Here is the premium payable calculated by the LIC calculator as per the above mentioned details:

Example of Returns Calculation Using LIC Maturity Calculator

Let us take another example for the LIC return calculator. For this illustration, we have selected the LIC Smart Pension plan.

As per the LIC Pension Plan Calculator, the Annuity (pension) amount under the plan will be:

Other LIC Policy Calculators Available Online

Policyholders can use the LIC calculator online for any policy, as it is tailored to specific policies. Here is a list of some more LIC Policy calculators available online:

• LIC New Jeevan Shanti Calculator

• LIC Jeevan Labh 936 Premium and Maturity 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

Sometimes, you will find an LIC life insurance calculator named according to its features. Some of them are:

• LIC 15 years plan calculator
  An LIC 15 year plan calculator helps estimate premiums or benefits for a policy of LIC India with a 15-year duration. The results of this calculator depend on the specific 15 year plan that has been chosen. For example, if it is a pension plan, then the calculator will calculate the pension to be received as per the premium paid or if it is a ULIP plan, then the calculator will estimate the benefits expected from that particular ULIP plan of 15 years.

• LIC 1 lakh policy 15 years maturity calculator
  An LIC 1 lakh policy 15 years maturity calculator helps estimate the maturity benefit payable for a life insurance policy whose sum assured is Rs. 1 lakh and the policy term is 15 years. The calculation depends on the type of policy and the returns it promises as part of the maturity benefit.

• LIC 10 year plan calculator
  An LIC 10-year plan calculator helps estimate premiums or benefits for a policy with a 10-year duration. Most endowment policies have a minimum duration of 15 years, therefore, before using this calculator, one must check their policy’s plan details and confirm if the policy can be purchased for a period of 10 years or not.

• LIC money back policy 20 years maturity calculator
  An LIC money back policy 20 years maturity calculator helps estimate the payouts and the returns expected. The calculator computes the estimated amount the policyholder will receive at the intervals specified in their policy.

• LIC 10 lakh policy premium calculator online
  An LIC 10 lakh policy premium calculator helps estimate the premium needed to pay for a policy with a sum assured of Rs 10 lakhs. The calculation depends on the policy term and the results are illustrated for the various premium payment modes and terms.

• LIC One Time investment plan calculator
  An LIC one time investment plan calculator helps estimate the returns one can expect from a plan where they invest the entire premium in a single lump sum payment. The results are an estimation as the actual figures depend on the rate of interest for that particular policy as decided by LIC.

• LIC 20 Lakh Calculator
  An LIC 20 lakh calculator helps estimate the premiums and benefits for a policy with a sum assured of Rs. 20 lakhs. One needs to enter their personal as well as policy specific details in the calculator to get the results.

• LIC 1 Crore Policy Premium Calculator
  In such cases, you should ensure you use the correct calculator for your official plan name. People often search for an LIC maturity calculator by policy number but almost all the LIC calculators require your chosen LIC policy details like sum assured, policy term, premium payable, etc. to generate results.

What are the Benefits of Using LIC Policy Calculator?

LIC Policy Calculator has many advantages for its users like:

• Compare Freely: Results by the LIC Calculators can be compared with various other policies and by modifying policy details to find the best plan as per your requirement.

• Helps you be Financially Prepared: The premium results from the calculator promotes transparency of finances that will be required by the policyholder either as a lump sum or as a regular payment. It helps the policyholder manage the budget accordingly.

• Goal-Based Planning: Users can pick the policy term and sum assured as per your future goals and objectives. Whether it be short-term or long-term goals like children’s higher education, marriage, and even buying a house.

• Promotes Clarity: Policyholders can use these premium and benefits estimates to analyse returns and see if the policy matches their requirements.

• Avoids Underinsurance and Overinsurance: It helps the users to choose sum assured and policy terms freely that ensures that you receive adequate coverage in your policy.

How can you get Affordable LIC Premiums?

If you want to try out cheap LIC premiums, here are several ways that will definitely help you.

• Get insured early in life: You are at a low risk when you are young. Insurers consider you their best customers because of longer policy tenures. So, it is possible for you to get life insurance plans with lower premiums.

• Select the coverage after thorough calculations: If you just buy an LIC policy without calculating and reviewing its total cost, you could end up paying extra.

• Maintain a Healthy Lifestyle: If you are more prone to any disease, whether critical illnesses or lifestyle diseases, your premiums will automatically increase.

• Buy a policy add-on only if needed: There are many policy add-ons, called riders, that provide enhanced protection. Only buy the riders that will be of use and not have long waiting or lock-in periods.

Who Does the LIC Calculator Help?

• New customers, who want to know close estimates of the premiums under different policies and pick the best one. The clarity and transparency of details makes it easier to choose.

• Existing Policyholders, who wish to know how the invested amount is progressing with their policy. LIC calculators also come handy if the policyholder wants to surrender their policy or is nearing the maturity date.

Can LIC Calculator be Used for LIC Mutual Funds SIP Returns Calculation?

No, LIC SIP calculation can only be done on the LIC SIP Calculator. The LIC calculator on the LIC website only works for traditional LIC policies. With this calculator you can check premiums, maturity amounts, surrender values and expected returns. It cannot be used for SIPs or mutual fund investments.

What is the LIC SIP Calculator and How to Check LIC Mutual Fund Returns?

The LIC SIP Calculator is an online tool for calculation of LIC SIP amounts. The calculator is easily available online and you can use it to calculate how your monthly investments could grow in a period of time. Since SIP investments are highly influenced by market performance, the calculator shows approximate figures which may differ from the actual returns that you get in future.

How Does LIC SIP Mutual Fund Calculator Work?

Using the LIC SIP calculator is very simple. Just enter the amount you wish for your monthly SIP investment, the number of years you want to invest, and the expected rate of return. The calculator then predicts the future value of your investment. You can use it to understand how your savings shall increase.

How LIC SIP Returns Are Calculated?

The LIC SIP calculator uses a compound interest formula to project the growth of your investment:
Here is a formula used to calculate the SIP returns:
Formula:
A = P × (1+r/100)^n
Where:
P = Principal amount invested through SIP
r = Expected annual rate of return
n = Number of SIP instalments
Let’s understand this formula with the help of an example:
P= Rs. 2,000
r = 10%
n= 3 years
A = 2,000 X (1+10/100)^3
Total value = Rs. 2,662

What are the Benefits of Using LIC SIP Calculator?

• Estimates potential SIP returns instantly.

• Shows how your investments shall grow over time.

• Helps in comparison of different LIC SIP plans.

• Supports goal-based financial planning.

• No room for errors from manual calculation.

How to Use the LIC Mutual Fund SIP Calculator?

To use the LIC Mutual Fund SIP Calculator, follow the below mentioned steps:
Step 1: Go to the LIC Fund SIP Calculator
Step 2: Enter the details like the SIP amount you would like to invest, the investment tenure, and the assumed ROI (Rate of Interest).
Step 3: You can immediately check the final value of the investment on the screen.

Is Using LIC Calculator Helpful?

The LIC calculator is a free of cost online tool that is designed to provide estimated results of benefits and premiums from the LIC policies that are too customized to your individual needs. It is beneficial for both the existing and new customers as it helps you know and understand the money flow within your policy. It is quick, easy to use and avoids errors. Hence, LIC Calculators are helpful to manage your finances and choose the right insurance plan.

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