LIC Jeevan Utsav Single Premium Plan Calculator

What is LIC Jeevan Utsav Single Premium Plan Calculator?

LIC Jeevan Utsav Plan Calculator is a smart online tool available on the website of LIC of India, which assists you in understanding the plan and calculating the financial effect of your LIC Jeevan Utsav Single Premium Plan 883. The tool assists you in planning your future finances by calculating the premium that needs to be paid and the maturity value that will be received after the end of the policy duration.

Using the LIC Jeevan Utsav Single Premium Plan calculator, you can estimate:

• Premium for your policy

• Maturity benefit

• Return projections in real time

• With the LIC Jeevan Utsav Single Premium Calculator , it's easy to check the effects of your age, policy term, and sum assured on your payouts.

How Does the LIC Jeevan Utsav Single Premium Plan Calculator Work?

The LIC Jeevan Utsav Single Premium Calculator provided by the LIC of India is a useful tool to estimate premiums or maturity benefits. This is how it works:

Provide Basic Information: The basic information includes name, date of birth, contact information, and so on.

Select Sum Assured: Select the amount of sum assured for the policy.

Select Policy Term: Choose the policy term which is equal to 100 minus age at entry. 

Guaranteed Additions Period: Guaranteed Additions Period: Pick a guaranteed additions period is between 7 and 17 years.

Death Benefit Option: Choose between the Regular Income Benefit and the Flexi-Income Benefit for the Death Benefit.

The LIC Jeevan Utsav Single Premium Calculator will factor in these and other inputs to compute the premium amount, death benefit, survival benefit, and guaranteed additions.

How to Use LIC Jeevan Utsav Single Premium Plan Calculator?

The procedures to use the LIC Jeevan Utsav Policy Calculator from the official website of LIC are as follows:

Step 1: Visit the official website of LIC by scrolling down to the section ‘How Much You Need.’

Step 2: Click on ‘Calculate Premium’.

Step 3: Fill the basic information like your name, age, gender, and contact number by clicking on the “Next” button. Then click the Quick Quote button.

Step 4: From the list of options, pick the LIC Jeevan Utsav Single Premium plan and click on Coverage.

Step 5: Enter the needed information, like the Sum Assured, Policy Term, Guaranteed Additions Period, and Death Benefit Option, and then click the Quote button.

The LIC Jeevan Utsav Single Premium Calculator will give you different results based on what you put in. Alternatively, you will be able to get an elaborated graph showing the premium amount, sum assured value, bonus amount, among other details.

Benefits of LIC Jeevan Utsav Single Premium Plan Calculator

Premium Estimation: This tool helps you calculate your premium amounts based on your age, policy term, and chosen sum assured. 

Sum Assured Calculation: This tool lets you calculate how much life insurance you can get based on the information you enter.

Check Guaranteed Additions: The calculator displays the guaranteed additions that apply to your policy. This will help you understand the guaranteed benefits and long-term value that the plan will provide.

Customization: Since the plan requires a single premium, there are other aspects in which the user wish to customise to get the justified amount. The plan has Guaranteed additions period, regular or flexi income benefit, that can have significant impact on the results. The calculator lets the user modify all these values as per their choice and then provides final results. 

Easy to Use: Using the LIC Jeevan Utsav Single Premium Calculator is quite easy because it only involves a few simple steps and little basic info to get the results, plus you can use it whenever you want.

Wrapping it Up

LIC Jeevan Utsav Single Premium Calculator is a tool that allows you to decide freely by calculating the premium payments and the maturity amount. By using the calculator properly, you can make a confident move towards securing your financial future and getting assured peace of mind with LIC Jeevan Utsav Single Premium Plan 883.

LIC Resources

FAQ's