LIC Jeevan Azad Calculator is an online tool that allows policyholders to calculate the premium and maturity benefits and helps them plan their policies and budgets more conveniently. The calculator is free and can be used by the policyholder anytime, anywhere.Read more
The LIC Jeevan Azad calculator is an online tool offered by the LIC of India that helps policyholders calculate the premiums of their LIC Jeevan Azad policy. The calculator calculates the premium based on your age, gender, income and other financial goals to provide you with a comprehensive understanding of your insurance requirements.
Below are some of the benefits of using the LIC Jeevan Azad premium calculator:
With the help of the LIC Jeevan Azad calculator, you can get insurance plans that match your needs. This calculator uses your personal information to provide personalized options, making it easy to find the perfect fit as per your preferences.
By helping you identify the optimal coverage amount, the LIC premium and maturity calculator ensures that you and your loved ones are adequately protected in unforeseen circumstances. It guides you towards a coverage amount that provides a sense of financial security without being excessive.
Flexibility in Premium Payments:
The calculator allows users to explore various premium payment options. This flexibility is crucial as it enables individuals to choose a plan that meets their coverage needs and fits comfortably within their budget constraints.
Ease of Comparison:
Users can compare different insurance plans side by side. This feature is particularly helpful in making an informed decision by simultaneously evaluating the benefits, coverage, and costs of various plans.
Time-saving and Convenient:
The online accessibility of the calculator makes it a time-saving and convenient tool. Users can access it from the comfort of their homes, eliminating the need for in-person consultations and lengthy paperwork.
The calculator assists users in finding insurance plans that not only meet their coverage needs but are also affordable. This emphasis on affordability ensures that individuals can secure financial protection without straining their budgets.
Step 1: Visit the official website of LIC of India
Step 2: Select the premium calculator form from the right dropdown menu on the home page.
Step 3: On the next page, fill in your personal details, such as age, income, and other relevant information, as well as the desired sum assured and policy term, to get accurate premium calculations.
Step 4: Once done, you will get the accurate premium amount with/without tax for better understanding. You can select the premium paying term (annually, half-yearly, quarterly or monthly).
In the table below, check out the eligibility criteria to buy LIC Jeevan Azad Plan.
|Entry Age (in years)
|Maturity Age (in years)
|Basic Sum Assured
|Rs. 2 Lakhs
|Rs. 5 Lakhs
The sample illustrative annual premiums for the Basic Sum Assured of Rs. 2 lakhs are as under:
|Age of the Policyholder
|Annual Premium (in Rs.)
|Policy Term (Premium Paying Term)
The LIC Jeevan Azad Calculator is an easy-to-use online tool proffered by the LIC. By offering a user-friendly and comprehensive platform, this calculator enables users to make informed decisions about their life insurance needs. The emphasis on customization, transparency, and financial security makes it a valuable tool for anyone looking to secure their future and that of their loved ones.
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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
+Returns Since Inception of LIC Growth Fund
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