LIC SIIP Calculator

What is the LIC SIIP Plan Calculator?

The LIC SIIP plan calculator is a digital tool that lets you check the returns on your investments and the different charges deducted from the premium amount. The calculator offered by the LIC of India provides visibility on the fund value, surrender value, and death benefit amount over the years. The LIC 752 plan calculator (previously LIC SIIP 852 calculator) further displays the breakdown of various charges that affect your final fund value and returns.

Note: The latest continuing version is LIC SIIP 752 plan. LIC SIIP 852 plan is an earlier version of the same plan and was withdrawn on 1st January, 2025.

What are the Key Features of the LIC SIIP Plan Calculator ?

The key features of the LIC SIIP plan calculator are:

• With the help of the LIC SIIP Calculator, policyholders can calculate premium amount and other maturity values by filling in other policy details like desired premium amount as per their premium paying mode, policy duration, etc.

• The LIC Calculator estimates the maturity benefit or the accumulated corpus you can expect at the end of the policy term. These estimates are based on your inputs for premium amount, policy term and type of investment fund.

• The SIIP calculator LIC allows the user to adjust the parameters to calculate the return estimates. So, you can also change the factors like policy term, premium paying mode and fund type, to view how changing factors affect the returns, until you find the one that best suits your needs.

• You can also add riders, if applicable, while calculating the returns and additional optional benefits using the LIC calculator.

What are the Benefits of LIC SIIP Calculator ?

The LIC SIIP 852 maturity calculator offers various benefits for the LIC SIIP plan users, such as:

• Helps in Financial Planning:
  The LIC SIIP calculator allows the potential policy buyer to plan their investments by determining the right amount to invest as per their financial goals.

• Customized Solutions:
  The LIC user is expected to fill in exact details of investment amount, policy term, and fund types as per risk preferences, so that the calculator can precisely customize the solutions to meet the user’s desired financial goals.

• Visualizing Future Returns:

The LIC SIIP calculator provides a downloadable result that presents a clear estimation of potential returns that can be used for financial planning by visualizing how the investment has grown over the policy term.

• Risk Assessment:
  It helps the users to assess the level of risk involved in their life insurance policy and the savings option under different fund types, which helps the user to make an informed decision as per the user’s risk-tolerance.

How Does the LIC SIIP Plan Calculator Work?

To use the LIC SIIP plan calculator, the policyholder will be required to enter certain mandatory personal details to access the calculator on LIC’s official website. Then, follow these steps:

• Choose your desired mode of premium payment like monthly, quarterly, half-yearly, or even yearly.

• Depending on the payment mode chosen, decide how much you want to pay as a premium throughout the policy term. The minimum premium for each mode is fixed.

• The LIC SIIP maturity calculator automatically fills in the sum assured based on the annual premium amount chosen by the policyholder in the previous step.

• In the final step, pick the policy term and the type of fund you wish to invest in.

Sample Benefit Illustration Using LIC SIIP Calculator

For better understanding, below is the sample illustration of the LIC SIIP plan, which is calculated using the LIC SIIP 752 Calculator:

Eligibility Criteria of LIC’s SIIP Plan

To use the LIC SIIP plan 752 calculator, you should be aware of the following eligibility conditions of LIC SIIP plan that have to be met.

How to Buy LIC SIIP Plan?

You can buy LIC SIIP Plan through Policybazaar or from LIC’s official website:

Through Policybazaar:

Step 1: Visit Policybazaar’s official website and find LIC plans under products.

Step 2: Enter your mobile number, email, name and click on “View Plans”.

Step 3: Enter your investment amount and policy term in the top left corner of the page. Then click on “View Details” in the LIC SIIP plan. After carefully reviewing the details, click “Proceed”.

Step 4: Fill in your personal and policy details as per your preferences and proceed.

Step 5: Enter all your details very carefully. Make a payment, upload all your documents and you will be issued a policy after careful verification.

Through LIC official website:

Step 1: Go to LIC’s official website and click on “Buy Online” on the top right corner.

Step 2: Find “LIC SIIP” under “Market Linked Plans”. Click on “Know More” to be redirected to an external website.

Step 3: A list of required documents appears on your screen. Make sure you have all the mentioned documents before you click “Proceed”.

Step 4: Enter your personal details like residential status, annual income, DOB, etc. Tick off the check box and proceed.

Step 5: Now, enter your policy details like premium that you wish to pay, policy term, premium payment mode, fund option, and more. Click on “Proceed” once you’re done.

LIC Resources

FAQs