LIC Calculator

What Is the LIC Calculator?

The LIC Calculator is a simple digital calculation tool. It enables customers to get a rough idea of the main financial aspects of their investment in LIC of India policies:

• Premium amount

• Maturity value

• Surrender value

• Year-wise projections

Using LIC plan calculators, 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 premium calculator estimates the cost of the premium. Policybazaar LIC calculator is a free-of-cost computation tool that you can utilize to precisely determine your premium amounts and the expected maturity value of your LIC policy.

What You Can Calculate Using the LIC Premium Calculator?

amounts instantly with our reliable LIC calculator. 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.

How Does the LIC Calculator Help?

• For New customers: It shows a clear estimate of premiums for different LIC plans. This makes it easier to pick the right plan.

• For Policyholders: If you already have an LIC policy, you can check premium due dates, approximate maturity amounts, bonus details, etc.

• For plan comparison: It allows users to compare LIC policies. The comparison is based on policy benefits, premium amounts and many more parameters.

What are the Key Features of the LIC Calculator?

The following are the features of LIC plans 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 payment.

• Get an Estimate of Maturity Value: Maturity value calculator will give you a rough idea of the amount you would get at the end of the policy duration, which will help in your financial planning.

• Projection of Surrender Value: Available only for eligible LIC policies, this feature assists in calculating the surrender value.

• Display Premiums for Different Payment Modes: Annual, half-yearly, quarterly, and monthly premium payments could be displayed.

• 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 seconds.

• Free and Accessible Online: The tool is available online and can be used anytime without any cost, making policy evaluation convenient and hassle-free.

Types of LIC Calculator 2026

You can find your LIC calculator based on your needs. In 2026, these are the top LIC calculators:

• LIC Premium Calculator: The LIC Premium Calculator accurately calculates the exact premium you will need to pay for your policy by just inputting a few basic details, your age, coverage amount, policy duration, and premium frequency.

• LIC Maturity Calculator: The LIC Maturity Calculator calculates what your policy's value will be when it matures. Whether you are a new customer or already have your policy, you can use it to know how much the plan will return in the future.

• LIC Loan 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. 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 plans. It requires the purchase price of the pension plan, plan options and other basic details to compute how much monthly/quarterly/half-yearly/yearly payouts you will receive.

• LIC Surrender Value Calculator: Find out how much amount you will receive if you surrender your policy before it matures. This calculator shows you the result of terminating your policy early as the amount you will receive.

• 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, as market dynamics ultimately determine the outcome of the investments made.

• LIC Plan-specific tools: LIC Calculators are also available under plan-specific names. LIC also offers calculators for specific plans. If you want to use a calculator for a particular policy, like LIC Jeevan Labh, LIC New Jeevan Anand, LIC Jeevan Bima, or LIC Jeevan Utsav Calculator you can search directly by the plan name or number to access it.

• LIC ULIP Plan Calculator: The LIC ULIP Plan Calculator is an online tool that helps you estimate the potential returns and investment value of your ULIP plan. By entering details such as premium amount, policy term, and expected rate of return, you can see how your investment may grow over time. It helps you plan your finances better and choose a ULIP plan that matches your long-term financial goals.

• LIC Term Plan Calculator: Using the LIC Term Plan calculator online, users can get an estimate of the premium amounts for their LIC term insurance plan. The calculator especially asks for smoker status to categorise between smoking and non-smoking premium amounts.

How Does the LIC Calculator Work?

The LIC plans calculator works on the details that you provide. Here is a simple explanation:

Step 1: Input Basic Policy Details

Provide basic details which include name, DOB, gender, contact, policy term, sum assured, and frequency of premium

Step 2: Get Results Instantly

The LIC calculator generates its results instantly. 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 illustration. That illustration will show your estimated maturity amount, bonuses, surrender value, total coverage, and other policy benefits.

Step 3: Download the Results

After checking all the details, you can download the illustration for future use. The LIC Maturity calculator lets you download it as a PDF or share it.

Stepwise Procedure of Using the LIC Calculator

Below is the step-by-step procedure of using the LIC Premium Calculator:

Using LIC Premium Calculator through Policybazaar:

Step 1: Search LIC Calculator on Policybazaar.

Step 2: Choose from 'Monthly' or 'Yearly' investment.

Step 3: Fill in the required details such as investment amount, investment period and expected returns in the Policybazaar LIC calculator. Fill in your name and contact and click on 'View Plans'

Step 4: Choose the plan you want to invest in and click on 'View Details'. Here you can select your age, gender, smoking category, etc. The calculator will display your invested amount and the returns you can expect.

Step 5: Download payout illustration to check year-wise premium amounts, payout value, surrender values and loan against policy amount.With our reliable LIC calculator, you can calculate installments, surrender value, and the maturity amount of an LIC policy within seconds.

You can also use the LIC calculator for various plans from Policybazaar. However, only the following calculators based on the plans offered can be used:

• 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 Premium Calculator Tool: From LIC Website

Step 1: Visit the official LIC website. Go to the “How much you need?” section.
Step 2: The section will have two options: “Coverage Calculator” and “Premium Calculator.” Click on “Calculate Premium”.
Step 3: Fill in the required details and click Next. Then choose Quick Quote to see your estimated premium.
Step 4: Select your LIC policy, then hit 'Coverage'.
Step 5: Enter details such as sum assured, premium payment mode, policy term, policy Payment term. Hit 'Quote'.

The LIC Calculator 2026 will illustrate your total premium in monthly, quarterly, half-yearly, and yearly modes, including tax, and provide its bifurcation.

LIC Maturity Calculator: From LIC Website

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 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 the preferred option.
Step 4: You will be asked to add another member. 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 return calculator will show you various plans available as per the details you provided and your desired returns and goals from the policy.

What Details Are Required While Using An LIC Calculator?

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

For LIC Premium Calculator:

• Age

• Gender

• Sum Assured

• Policy term

• Smoking Status

• Plan type (if required)

For LIC Maturity Calculator:

• Sum Assured

• Policy Term

• Annual Premium

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

For LIC SIP Calculator:

• Monthly Investment amount

• Expected Rate of Return (p.a)

• Time period

Example of 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 the LIC Jeevan Labh 736 plan. Let's understand how the LIC calculator Jeevan Labh computes the premium and payout amount using the following policy details:

*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.

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.

Here is the premium payable under the plan as calculated by the LIC calculator:

The premium payable under the plan is:

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.

The LIC Smart 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

• 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.

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 to check the maturity amount of a specific policy. However, most online LIC calculators require LIC policy details such as policy term, premium, and sum assured rather than just the policy number.

What are the Benefits of the LIC Policy Calculator?

Here's why using an LIC Policy Calculator is a smart move:

Helps Choose the Right Plan - Allows users to compare different LIC policies and select the one that best meets their financial goals.

Enhances Financial Preparedness - By outlining the amount to pay regularly and the benefits that would be received, it helps in planning finances effectively.

Improves Budget Management - Enables in knowing if the expenditure on a policy's premium is within a one's financial ability or not.

Promotes Goal-Based Planning - Checking coverage and policy duration options becomes easier with the help of the calculator in picking the ones that suit different objectives like retirement, children's education, or wealth generation.

Offering More Clarity - Users can have a clear picture of the likely benefits of the policy and the costs involved before making a commitment.

Encourages Plan Comparison - Helping in the comparison of various LIC offerings gets one closer to deciding the plan that fits one's needs.

Supports Existing Policyholders - Comes in handy for individuals who already hold a policy and wish to re-evaluate their coverage as their financial circumstance changes.

Avoids Underinsurance and Overinsurance - Helps users select an appropriate sum assured and policy term, ensuring they have adequate coverage without paying for unnecessary insurance.

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 available on the LIC website only works for traditional LIC policies. In the standard LIC 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? Check LIC Mutual Fund Returns

The LIC SIP Calculator is an online calculation tool that estimates your SIP amounts. The calculator is easily available online and you can use it calculate how your monthly investments could grow a period of time. Since, SIP investments are highly influenced by market performance the calculator shows the approximate returns.

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, next enter the investment amount, 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 could 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. 2662

What is the Benefit of Using the LIC SIP Calculator?

• Eliminates manual calculations and reduces errors.

• Estimates potential SIP returns instantly.

• Shows how investments may grow over time.

• Helps compare different LIC SIP plans.

• Supports goal-based financial planning.

How to Use the LIC Mutual Fund SIP Calculator?

You can use this calculator by following the below 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.

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 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.

Summing It Up

The LIC calculator is a helpful tool for anyone buying a new LIC policy or reviewing their existing policy. It makes things clearer, saves time, and gives accurate financial details of the policy. It removes any uncertainties and makes it easier to pick the right plan or understand your own policy.

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