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 policyholders who will be purchasing the LIC Bima Platinum Plan. For life insurance plans with complex details, it can be really confusing to do all the payment calculations manually. The LIC Bima Platinum Plan 770 Calculator eases this burden.

There are two parts to this LIC Calculator - one is the Premium Calculator and the other is the Coverage Calculator. As the name suggests, the LIC Bima Platinum Premium calculator computes the exact premiums you will be paying. The LIC Bima Platinum Plan 770 Maturity calculator on the other hand estimates the total returns you will be receiving if you survive the policy term.

How to Use the LIC Bima Platinum Plan Calculator?

The LIC Bima Platinum Plan Calculator for premium and maturity calculations is available on the LIC of India website. The process to use the calculator is given below:

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. The Premium Calculator will give you a detailed illustration of the premiums payable for this policy as per the details entered by you and the maturity payout that you can expect. While the coverage calculator is a tool that will help you calculate coverage as per your insurance needs and goals.

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 and the returns you will receive at maturity.

How to Calculate the LIC Bima Platinum Premium?

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.

• You get a detailed illustration explaining all the premium details which you can download as a PDF as well.

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.

It is important to understand that the calculations done by the LIC plan 770 maturity calculator are approximate estimations and may differ with the actual returns because LIC considers various underwriting rules while computing the returns. The estimations are for you to get an idea of the returns that you can expect from the policy.

What Details Are Required to Use the LIC Bima Platinum Calculator?

To use the LIC Bima Platinum Plan Calculator, you need to enter personal and policy details for customized results. The details that you need to enter may vary depending on whether you are calculating the premium or estimating the policy benefits. These details help the calculator generate an illustration based on your selected policy options.

Note: You should compare different eligible policy options to understand how the premium and benefits change with your selections.

How to Calculate LIC Bima Platinum Maturity Amount With an Example

The LIC Bima Platinum Plan Calculator helps you understand the benefits you shall receive during and at the end of the policy term. The plan offers guaranteed additions, a Regular Income Benefit and a Booster Income Benefit.

For example, suppose a policyholder chooses a basic sum assured of ₹5 lakh, a policy term of 30 years and a premium-paying term of 15 years. The calculator will estimate the premium payable and illustrate the benefits applicable to these selected policy details only.

To understand the benefits consider the following components:

• Guaranteed Additions: LIC Bima Platinum provides guaranteed additions of Rs. 70 for every ₹1,000 of the total annualized premiums with respect to all the premiums paid during the premium paying period.

• Regular Income Benefit: The plan provides a Regular Income Benefit equal to 10% of the Basic Sum Assured if the policyholder survives the pay-out period. The pay-out period is calculated as the total policy term minus the Premium Payment Term (PPT).

• Booster Income Benefit: The plan provides a Booster Income Benefit equal to 70% of the Basic Sum Assured if the policyholder survives till the end of (PPT+5)th year.

Sample Illustration of Premiums Calculated by the LIC Bima Platinum 770 Calculator

The table below shows a sample illustration of annual premiums for a basic sum assured of Rs. 3 lakhs and policy term of 30 years. The sample is for standard lives for policies that are sold offline.

The above calculated premiums are exclusive of any applicable taxes.

When you use the LIC Bima Platinum (plan 770 calculator), you will enter your age, the sum assured you need and the term for which you would want to pay the premium. The calculator will then give you the premium amount you will have to pay as per your chosen frequency. You can change the sum assured or premium payment term and calculate premiums multiple times. This customisation will help you decide which combination would be the best for you.

Let us know more about the LIC Bima Platinum policy details, so that you can get a clear understanding of the plan and how to use the calculator more effectively.

LIC Bima Platinum Plan Details

LIC Bima Platinum Plan 770 is a newly launched endowment plan which is a non-linked, non-participating, individual life savings plan. Given below are some of the LIC Bima Platinum plan 770 details:

• The plan combines life insurance with savings benefits.

• The policyholder gets guaranteed additions of Rs. 70 for every thousand of the total annualized premiums with respect to all the premiums paid during the premium paying period.

• The Bima Platinum plan offers a Regular Income Benefit of 10% of the Basic Sum Assured if the policyholder survives the pay-out period which is the total policy term minus the Premium Payment Term (PPT). There is a Booster Income Benefit of 70% of the Basic Sum Assured if the policyholder survives till the end of (PPT+5)th year.

• The policyholder gets the choice to delay income benefit (both regular and booster).

• You can choose your premium paying term from the following options - 7, 10,12,15 or 18 years.

• Flexibility to get the death and maturity payout in installments.

• Policyholders are allowed to take loans during the policy term to meet their liquidity needs.

• The maturity age is between 28 years to 75 years. However, the entry age is different for each premium paying term. For example, if the premium paying term is 7 years then the range of entry age is 11-55 years but if the premium paying term is 15 years then the entry age is from 3-50 years.

• The maximum policy term is 40 years and the minimum term is based on the premium payment term you choose.

• The minimum basic sum assured is ₹3,00,000.

What are the 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 LIC plan 770 maturity calculator, you can understand these policy benefits as per your chosen policy parameters.

• Compare Payment Options: You can use the LIC Bima Platinum Plan 770 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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