LIC Jan Suraksha 880 Plan Calculator

What is LIC Jan Suraksha 880 Plan Calculator – Overview

The LIC Jan Suraksha 880 Plan Calculator is an online tool that allows you to estimate the premium payable and the benefits offered under the LIC Jan Suraksha plan 880. It works as a quick reference point for understanding how the policy functions financially before you commit to buying it.

By entering a few basic details such as your age, policy term, sum assured, and premium payment frequency, the calculator gives you an approximate idea of how much you will pay during the policy term and what amount you or your nominee may receive. This helps you evaluate whether the plan fits your budget and long-term financial goals.

How Does the LIC Jan Suraksha 880 Plan Calculator Work?

The LIC Jan Suraksha 880 Plan Calculator requires a few essential details from you if it is to make accurate computations:

• Your Age: The calculator seeks to know your present age to figure the premium amount which will be based on the age at entry.

• Desired Sum Assured: The calculator is the one that you should be telling the sum assured which is the amount of the coverage that you want under the plan.

• Policy Term: The calculator wants to know the policy term you are considering which normally can be from 12 to 20 years.

• Premium Payment Frequency: You have to make a premium payment frequency selection (e. g. annually, half-yearly, quarterly, or monthly).

• Premium Payment Term: Normally, this is the policy term minus 5 years, and the calculator uses this information to figure out the length of premium payment.

With all the information entered, the calculator uses the predetermined policy guidelines of LIC of India to give you an estimate of the premium to be paid and the policy benefits.

How to Use LIC Jan Suraksha 880 Plan Calculator?

Using the LIC Jan Suraksha 880 Plan calculator is a simple task that can be used by new users as easily as regular users. Like any standard LIC calculator, it can be accessed from the official LIC website. Here are the steps to follow: 

Step 1: Go to the official LIC website.

Step 2: Scroll down to “How much you need section”. Click on calculate premium.

Step 3: Provide your basic information as required, such as name ,date of birth, contact, etc. Click on “Next”. 

Step 4: Pick the LIC Jan Suraksha plan from the list and click on coverage

Step 5: Enter the details required,, like sum assured, PPT, policy term, etc and click on Next.

Benefits of LIC Jan Suraksha 880 Plan Calculator

• Quick and Convenient: You don't have to work out anything manually, you just click a button and get the premium and benefit estimates right away.

• Better Financial Clarity: It offers you a clear picture of how much you pay and what you get from the policy.

• Easy Comparison: Various policy terms and different sum assured options can be compared easily.

• Informed Decision-Making: Becoming a plan that meets your financial ability is simple when you have the estimated figures ahead of time.

Wrapping Up

The LIC Jan Suraksha 880 Plan Calculator is a very handy and user-friendly tool for anyone who is planning to opt for this micro-insurance savings plan. It takes complex calculations and breaks them down into easy-to-understand parts of the policy's financial aspects. When you use the calculator, you will be able to plan your premiums with confidence, understand the expected benefits, and make a well, informed dive decision that matches your financial needs and long-term goals.