LIC SIP Calculator

Life Insurance Corporation of India (LIC) is one of the highly-trusted asset management companies (AMCs) in India. The AMC established in the year 1989, has maintained a dignified and dependent position for over 30 years. With LIC Mutual Funds^^ worth around 290 crores (approximately) currently, it caters to all the investors with different risk-taking abilities.

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  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

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  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
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7.7 Crore
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4.2 Crore
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Disclaimer:# The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. All SIPs listed here are of insurance companies’ funds.
LIC SIP Calculator
  • Monthly
  • Yearly
/month
Enter Monthly Investment
Enter Invest for
Enter Invested for
/Year
Enter ROI
Total Investment
Maturity Amount
PROJECTED GAINS
Top Funds with High Returns (Past 7 Years)
High Growth Fund
19.04%
High Growth Fund
Accelerator Mid-Cap Fund II
15.54%
Accelerator Mid-Cap Fund II
Opportunities Fund
15.34%
Opportunities Fund

LIC’s Systematic Investment Plan (SIP) is a way of investing in LIC mutual funds regularly so that the money grows significantly in a long-term period. LIC SIP Calculators help in the computation of accurate returns that an investor will receive over a defined period of time if invested regularly.

What is SIP?

Generally, people tend to be confused with SIPs and Mutual funds being the same investment type. On the contrary, investors can invest in Mutual funds in two ways: Systematic Investment Plans (SIPs) and Lump sum method. In a SIP, an investor is given the option of investing small amounts at regular intervals for a defined tenure to attain great returns at the end. Regular investment intervals can be either weekly, monthly, or quarterly in the SIP making it easier for investors when compared to the lump-sum one-time payment method.

What is LIC SIP Calculator?

SIP investment type has gained big-time popularity over the past few years because of great returns and easy investments. LIC SIP Calculator is a tool for computation of the desired financial corpus of the investor in the future and how many investments they have to make to achieve their desired goal. Actual returns when calculated on a SIP Calculator may vary at times due to various factors depending on the volatility of the financial market.

Benefits of Using LIC SIP Calculator

One of the prime reasons to invest in mutual funds through SIP and not the lump sum method is that SIP investment brings financial discipline and develops a habit of savings in an investor’s life. LIC SIP calculator is a beneficial tool for investors, and comes with the following benefits:

  • Best for first-time investors as investing is very easy and requires minimal details

  • Provides accurate estimation when compared to manual calculations

  • Easy and hassle-free use as the investor has to put in the basic details and results are reflected instantly

  • Graphical representation makes it easier to analyze

  • Offers assistance as to how much an investor has to put in to achieve the desired goal

How Does LIC SIP Calculator Work?

The following formula is used for the computation of maturity value received at the end of SIP investment tenure:

The LIC SIP Calculator works on the basis of the following formula
FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i)
Terms used in LIC SIP Calculator
FV
Future Value (Maturity amount to be received)
P
Amount that the investor invests
i
The rate of interest periodically
n
Total number of payments made by the investor to date

Let us understand with an easy illustration:

Suppose, an investor Mr. X invests Rs. 1,000 in his LIC Systematic Investment Plan for a tenure of 1 year, that is, 12 months at a rate of interest of 12%. His future estimated returns will be as follows:

Monthly returns = 12% / 12 = 0.01

Now,

FV = 1,000 ({[1 + 0.01] ^ {12 – 1} / 0.01) x (1 + 0.01)

FV = Rs. 12,809 yearly (approximately)

How to Use LIC SIP Calculator?

One of the easiest and hassle-free tools to use, the LIC SIP Calculator helps in computing the estimated return amount just by entering a few details about the plan. Following are the basic details required to get the return value:

  • The monthly amount an investor is willing to invest

  • Mutual fund’s current rate of interest

  • The period for which an investor is willing to invest

  • Maturity value will be reflected just by a click

Advantages of Using LIC SIP Calculator

Following advantages of using LIC SIP Calculator over manual calculation are:

  • Easy usage

  • Accuracy in results

  • Computation of return value is quicker compared to manual calculation

  • Available for all the access

  • It helps in planning the future more effectively

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^Section 80C allows annual deductions of up to ₹1.5 lacs from the taxable income. Section 10(10D) provides tax-free maturity benefits for investments of up to ₹2.5 Lacs/ year, on policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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