LIC Dhan Vriddhi premium and maturity calculator is an online tool that helps the policyholder estimate the premiums payable under the policy. Additionally, the calculator also helps the policyholder to get an estimate of the maturity amount they will receive at the time of maturity.Read more
LIC Dhan Vriddhi 869 premium and maturity calculator is a free online tool offered by the LIC of India. The calculator helps the policyholder to make an informed decision by giving them an insight into the premium payable as well as the maturity amount they will receive at the end of the policy term.
Let us discuss more about LIC Plan 869 Premium Calculator and its benefits:
LIC Dhan Vriddhi Premium Calculator is a tool that helps potential customers estimate the premiums and benefits associated with the LIC Dhan Vriddhi plan. The benefits of using the LIC Plan 869 Maturity calculator:
Customization: The calculator allows you to adjust various policy parameters to see how they impact the premium amount. This helps you tailor the policy to meet your specific financial needs and budget.
Policy Illustration: The calculator often provides a detailed illustration of the policy, including the guaranteed and non-guaranteed benefits. It may show the projected maturity benefits, death benefits, and any additional riders or bonuses applicable to the policy.
Transparency: It offers transparency in understanding how premiums are allocated toward various components of the policy, including insurance coverage and investment benefits.
Informed Decision-Making: Using the LIC Plan 869 premium calculator, you can make informed decisions about whether the LIC Dhan Vriddhi policy aligns with your financial goals and budget.
Comparison: You can use the calculator to compare different policy options and scenarios to determine which best suits your needs.
Instant Results: The online premium calculator provides instant results, allowing you to explore different premium options and benefits without the need for manual calculations.
Premium Estimation: You can calculate the premium amount you would need to pay for the LIC Dhan Vriddhi policy based on factors such as your age, sum assured, policy term, and premium payment frequency (e.g., annual, semi-annual, quarterly, or monthly).
Below is the step-by-step procedure for using the LIC 869 Maturity Calculator. Take a look:
Input Parameters: To use the LIC Dhan Vriddhi 869 calculator, you need to put certain key parameters. These parameters often include:
Your age: Your current age is a crucial factor in determining the premium amount and policy eligibility.
Policy term: The number of years you intend to hold the policy.
Sum assured: The coverage or benefit you wish to receive from the policy.
Premium payment frequency: How often you plan to pay premiums (e.g., annually, semi-annually, quarterly, or monthly).
Calculation: Once you have entered these parameters, the calculator will use this data to calculate various aspects of the policy, including:
Premium amount: It estimates the premium you must pay based on the provided inputs.
Maturity benefit: It projects the maturity amount you can expect to receive at the end of the policy term.
Death benefit: It calculates the payout to the nominee in the event of the policyholder's demise during the policy term.
Bonus and other benefits: It may also factor in any bonuses or additional riders that apply to the policy.
Results: The calculator displays the estimated results. You can see how the premium payments are allocated, the potential maturity benefits, and any additional benefits associated with the policy.
The LIC Dhan Vriddhi 869 calculator is an essential tool for individuals considering buying LIC Dhan Vriddhi. It helps you evaluate the policy's affordability, understand its benefits, and customize it to meet your unique financial goals. Additionally, it promotes transparency and informed decision-making, ensuring that you choose the insurance coverage that suits your needs and circumstances.
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
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