LIC Index Plus Calculator

Read on to know more about the LIC Index Plus Calculator in detail.

What is the LIC Index Plus 873 Calculator?

The LIC Index Plus Calculator offered by the LIC of India is an online tool that helps individuals estimate and maturity benefits for the LIC Index Plus 873 plan. The LIC Index Plus Returns calculator estimates the total payout at the end of the policy. The LIC Index Plus calculator, which works just like any LIC Calculator, helps in making informed decisions and effective financial planning for the policy based on various parameters such as:

• Sum Assured: The amount you would like to be covered for.

• Policy Term: The length of time you want to be insured.

• Age of the Policyholder: The lower premium is usually one of the benefits of younger policyholders.

• Investment Amount: A portion of your premium that is allocated towards investments.

You can also check how much you will have to pay for your Term Insurance Plan by using the Policybazaar's Term Insurance Calculator

**You can also check the premiums of your Term Insurance Plan by using the Policybazaar’s Term Insurance Calculator

How to Use the LIC Index Plus 873 Calculator?

Through Policybazaar:

Step 1: Go to the Policybazaar site and open the LIC section.

Step 2: On the top right of the page type your name and phone number and press the button View Plans.

Step 3: Keep scrolling down until you see the LIC Index Plus and click Get Details.

Then you will get a very detailed page about the plan that will include essential features, advantages, and different investment choices available. Here, you'll get details about the fund's performance, guaranteed additions, the return of mortality charges, built, in life cover, and partial withdrawal facilities. The FAQs section here is helpful for those who have some common doubts. Once done, click Proceed.

As a result, you will get information such as your annualised premium, your preferred premium payment mode, and the maturity lump, sum amount.

Through the LIC of India website:

Step 1: Visit the official LIC website and scroll down to the How Much You Need section.

Step 2: Press the Calculate Premium link.

Step 3: Fill in the required personal details such as name, date of birth, gender, and contact information, then press Next. After that, pick Quick Quote.

Step 4: Select LIC Index Plus Plan from the available plan list and click on "Coverage. "

Step 5: Give a breakdown of the plan details with sum assured and fund choice. The Basic Sum Assured should be between 7 to 10 times BSA. After you have filled in all the information, press "Quote. "

The LIC Index Plus return calculator will provide you with a detailed illustration showing the estimated returns and how they are calculated.

Let us understand how the LIC Index Plus calculator works with the help of an example.

Here are some details of the policyholder and the LIC Index Plus 873 plan specifications:

Here is the sample illustration:

What are the Benefits of Using the LIC Index Plus 873 Calculator?

Below are some advantages policyholders can enjoy by using the LIC Index Plus Calculator:

• Simplifies Complex Calculations: Even with two plan options, Flexi Growth Fund and Flexi Smart Growth Fund, and a selectable BSA between 7 to 10 times the annualised premium, the calculator takes into account all factors to provide precise results.

• Helps with Financial Planning: The calculator can help you make sure that your investment plans fit with your long-term goals and financial plans.

• Helps You Make Smart Choices: Knowing the premium amounts and expected returns can definitely help you make good investment choices.

• Allows Scenario Comparison: Changing the inputs to see different results and thus finding the most suitable option is what you do.

• Convenient Online Access: You can find the calculator on both the LIC website and Policybazaar, so it is at your disposal anytime, making investment planning a matter of seconds without any hassle.

Wrapping It Up

The LIC index Plus 873 plan calculator is an online tool that can be used by the policyholders of the LIC index Plus 8743 plan or by individuals who want to purchase this plan. It is an easy-to-use LIC calculator that accurately estimates the plan benefits. The calculator plays a very useful role as the LIC Index Plus plan is a ULIP plan where the plan benefits are not fixed and the returns depend on the market performance of LIC of India. It is available for use at the official website of LIC of India or on intermediary platforms like Policybazaar.

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