LIC Plan 102 Maturity Calculator

What is the LIC Plan 102 Maturity Calculator?

It is an online tool that can be used to calculate the maturity benefit amount out of the Jeevan Kishore Insurance Policy (Table no. 102). When used before buying a policy, this LIC maturity calculator can help you understand if the chosen plan is even worth the purchase. Since the plan has been withdrawn by the company, it would only make sense to use this tool to compare similar endowment-based insurance plans for children.

Benefits of Using the LIC Plan 102 Maturity Calculator

• It is available online and so can be used from the comfort of your home.

• It eliminates third-party communication which reduces the chances of miss-selling.

• It can be used as the basis for comparing the other LIC endowment plans that come with similar features.

• It offers quick and accurate results that save time.

• Each user gets personalized results as per their unique needs.

• It can be used multiple times so that the user can get to their desired coverage as per their budget and needs.

How Does the LIC Plan 102 Maturity Calculator Work?

This LIC calculator uses the following factors to give the most accurate results -

• Entry age

• Gender

• Sum assured

• Policy term

• Premium paying term

• Frequency of premium payment (monthly, quarterly, half-yearly, or yearly)

Based on these factors, the calculator gives you an estimate of the maturity benefit. For your information, the maturity benefit amount out of the LIC plan no. 102 includes the sum assured plus all the accumulated bonuses. The total amount is paid out in lump sum at the end of the policy term if the life assured survives the whole duration.

Since the bonus amount depends on the company’s profit each year, the total amount may vary with time.

To fill in the above details and to use the LIC Plan 102 maturity calculator, you should be aware of the policy's minimum and maximum conditions that have to be met.

Eligibility Criteria of LIC Jeevan Kishore (Plan no. 102)

About LIC Jeevan Kishore (Plan No. 102)

LIC Jeevan Kishore was designed as a child plan to encourage parents to save money for their kids' future. The child is the life assured under this plan which means that the death benefit is only paid upon the death of the child. If the child survives throughout the policy term, he/she receives the full maturity benefit to be used as per their needs. The LIC plan 102 maturity calculator can help you calculate this amount so that your child has the financial means to cover their future expenses.

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