LIC Bima Platinum Plan Calculator 2026

About LIC Bima Platinum Plan 770 Calculator

LIC Bima Platinum Plan 770 calculator has proven to be a highly convenient tool for LIC policyholders. For life insurance plans with complex details, it can be really confusing to do all the payment calculations manually. The LIC Bima Platinum Platinum Plan 770 Calculator eases this burden.

There are two parts to the LIC Calculator - one is the Premium Calculator and the other is the Maturity Calculator. As the name suggests, the LIC Bima Platinum Premium calculator computes the exact premiums you will be paying. The LIC Bima Platinum Maturity calculator on the other hand estimates the total returns you will be receiving if you survive the policy term.

How to Calculate the Premium for LIC Bima Platinum 770 Plan?

Calculating the premium payable for the LIC Bima platinum plan is not the same for every policyholder. LIC of India gives policyholders the option to choose their own frequency of premium payments for most endowment plans.

The policyholder gets to choose the premium paying term from - 7, 10,12,15 or 18 years. Moreover, they can also decide to pay the premiums either monthly, quarterly, half-yearly or yearly. Therefore, the premium amount is calculated based on the payment term selected and the choice of frequency.

To calculate the premium for the LIC Bima Platinum Plan 770 using the LIC Premium Calculator:

• First select the premium paying term and the frequency of the payments that suit you.

• Enter these two into the calculator along with other relevant details.

• The LIC Bima Platinum calculator will then compute the exact premium value you will have to pay for your LIC Bima Platinum Plan.

How to Calculate the Returns for LIC Bima Platinum Plan 770?

Unlike a term insurance plan, the LIC Bima Platinum Plan 770 provides a maturity benefit to the policyholders surviving the policy term. This new endowment plan offers various savings components. You get guaranteed additions, regular and booster income benefits on top of the basic sum assured as the maturity benefit.

The guaranteed additions are counted as ₹70 for every thousand of the total annualized premiums in respect to the total premiums paid. Regular Income Benefit is counted as 10% of the basic sum assured for policyholders who survive the pay-out period*. The Booster Income Benefit is counted as 70% of the basic sum assured for eligible policyholders.

*The pay-out period shall be the total policy term minus the premium payment term.

Manual calculations for the maturity value of your life insurance policy can be very complex, therefore, it is advised to use the LIC Bima Platinum Plan Maturity Calculator for the most appropriate estimation of the final maturity payout.

To calculate the maturity amount for the LIC Bima Platinum Plan 770 using LIC Returns Calculator:

• Enter the basic sum assured, the total premium you will be paying in a year (total annualized premium), the total policy term.

• You may have to enter other details as well if the calculator asks. These details will be mentioned in your policy document.

• The LIC Bima Platinum Returns Calculator will then give you a detailed illustration of the maturity benefit payout expected for your case.

Steps to Use the LIC Bima Platinum Plan Calculator

Both the LIC Bima Platinum Plan Calculators for premium and maturity calculations are available on the LIC of India website. The process to use both the calculators is the same and given below are the steps for the same:

Step 1: Visit LIC of India website.

Step 2: You will see two options for calculators - Coverage Calculator and Premium Calculator.

Step 3: Click on the one that you wish to use first.

Step 4: First enter your personal details about name, contact information and date of birth.

Step 5: Select LIC’s Bima Platinum plan 770 from the list.

Step 6: Enter the relevant policy details as per the calculator you are using.

Step 7: The LIC Bima Platinum Calculator will provide you with a detailed breakdown of the premiums payable or the returns you will receive at maturity.

Benefits of Using LIC Bima Platinum Calculator

• Convenience: The foremost benefit of using the LIC Bima Platinum plan calculator is you save your time and energy from manual calculations. The LIC calculator gives you results instantly for which you have to just enter a few personal and policy details.

• Understand Policy Benefits: The LIC Bima Platinum policy includes guaranteed additions, regular and booster income benefits. When you use the returns calculator, you can understand these policy benefits as per your chosen policy parameters.

• Compare Payment Options: You can use the calculator multiple times and each time you can enter a different value for policy term, premium paying term, basic sum assured, etc. This way you will be able to compare all the parameters. Doing this manually can be exhausting.

• Plan Your Finances: Before buying the policy you can know the premiums you need to pay and the maturity benefit you will get in return. You can plan your current budget if you know the premium amount you will be paying regularly. Similarly, you can plan on how to use the maturity benefit amount once the policy ends.

Summing Up

The LIC Bima Platinum Plan Calculator is a convenient digital tool that gives policyholders the power to choose the most suitable policy parameters for themselves. The LIC Bima Platinum Premium calculator computes the exact premium amount payable by the policyholder while the LIC Bima Platinum Maturity calculator gives an approximate estimate of the expected returns at the end of the policy for surviving policyholders. Use this easy to use and free calculator on the LIC of India website and plan your current budget and future finances accordingly.

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