Prices Increasing soon Prices Increasing Soon

LIC Term Insurance Premium Calculator For Cover Of Rs. 1 Crore

Affordability is crucial when evaluating any insurance policy; the premium amount associated with the plan is the primary indicator of this cost-effectiveness. The premium represents the cost to secure coverage through the insurance policy. To obtain an approximate premium estimate for an LIC insurance policy, it is recommended to use the LIC premium calculator, an online tool designed to compute the premium based on a range of factors. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

What is LIC Term Insurance Premium Calculator? 

The LIC Term Insurance Premium Calculator is an online tool the Life Insurance Corporation of India (LIC) provides. This LIC term plan calculator is designed to help individuals estimate the premium amount they would need to pay for a term insurance policy offered by LIC. This term insurance calculator considers factors such as the individual's age, gender, policy term, and the desired sum assured (coverage amount) to provide an approximate premium cost.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

How the LIC Term Insurance Premium Calculator Works:

LIC's online premium calculator is user-friendly and provides quick results. Here's how it works:

  • Enter Basic Information: To get started, you'll need to enter some basic details such as your age, gender, policy term, and the sum assured (coverage amount). In this case, we'll use Rs. 1 Crore as the coverage amount.

  • Additional Information: Depending on the calculator's features, you may be required to provide additional information, such as your smoking habits, health condition, and contact details.

  • Generate Premium Quote: After entering all the necessary information, the calculator will generate a premium quote. This quote will indicate the approximate premium amount you need to pay for a Rs. 1 Crore coverage.

What Benefits of Using LIC's Premium Calculator?

Here are the benefits of using LIC’s Premium Calculator:

  • Accuracy: The calculator provides a precise premium estimate based on your specific details.

  • Comparison: You can compare premiums for different policy terms and coverage amounts to choose the most suitable plan.

  • Informed Decision: It empowers you to make an informed decision about your insurance coverage.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

LIC’s Term Insurance Plans

LIC currently offers 3 term insurance plans, viz. Jeevan Amar, Tech Term, and Saral Jeevan Bima. Among these three, Jeevan Amar and Tech Term allow policyholders to assure a sum of Rs. 1 Crore. The maximum sum assured limit in the case of LIC Saral Jeevan Bima is Rs. 25 Lakhs. Let’s briefly discuss the LIC 1 crore term insurance policies. 

List of LIC Term Life Insurance Covers of Rs. 1 Crore

Term Plans Eligibility Criteria Policy Details
LIC’s Jeevan Amar Entry Age: 18-65 Years Maximum Maturity Age: 80 Years Policy Term: 10-40 Years Minimum Sum Assured: Rs. 25 Lakhs Maximum Sum Assured: No limit Premium Payment: Single, Regular, Limited
  • Choice among level sum assured and increasing sum assured
  • Discounted rates for women
  • Rebates up to 20% on high sum assured of Rs. 1 Crore*
  • Enhanced coverage through Accident Benefit Rider
  • Option to receive death benefit payout in installments
LIC’s Tech Term Entry Age: 18-65 Years Maximum Maturity Age: 80 Years Policy Term: 10-40 Years Minimum Sum Assured: Rs. 50 Lakhs Maximum Sum Assured: No limit Premium Payment: Single, Regular, Limited
  • Flexibility in policy term and premium paying term
  • Option to choose from level sum assured and increasing sum assured
  • Up to 12% rebates on premiums for high sum assured of Rs. 1 Crore
  • Special premium rates for non-smokers and women
  • Enhanced coverage through Accident Benefit Rider

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

LIC Term Insurance Premium Calculator For Cover Of Rs. 1 Crore

Premium calculators, whether of life insurance, term insurance or LIC, are now being featured in the official websites of insurance providers to enable users to get insights into different plans available and the premiums payable against each. These online tools allow users to fill in the criteria themselves and get customized results. LIC also has a premium calculator in its online portal, offering similar features.

LIC Term Insurance Plan 1 Crore Premium Calculator is a digital tool that allows insurance buyers to estimate the premiums against the three term plans offered by it. The tool can be used by buyers seeking coverage of Rs. 1 crore. Once (s)he has an idea about the premiums for both the LIC term plans offering coverage of up to Rs. 1 crore, they can make the most appropriate choice. Note that the LIC term insurance premium calculator factors in various aspects such as the age of the policyholder, gender, tobacco use, sum assured, policy term, etc. Furthermore, before you use the calculator, know that one has to fit the eligibility criteria discussed above to make use of the tool. 

*Note: It is advised that you first know what is term insurance and what its key features are before you use LIC Term Insurance Plan 1 Crore Premium Calculator.

How To Use LIC Term Insurance Plan 1 Crore Premium Calculator?

Here is a complete guide on how to use the LIC term insurance plan 1 Crore premium calculator: 

  • Visit the official website of LIC. 

  • Scroll down to Premium Calculator and click on it. 

  • This takes you to an external page; click on OK. 

  • Fill in your name, contact details, gender, and date of birth. 

  • Click on Next. 

  • You will see two options, viz. Quick Quote and Compare Quotes.

Now that we have understood the process to use LIC Term Insurance Plan 1 Crore Premium Calculator, let’s discuss the following options for a term insurance coverage of Rs. 1 Crore.

Quick Quote - Choose this option if you are already sure about the product that you are purchasing and do not need any comparison. 

  • On choosing Quick Quote, you will be directed to a page that lists all the LIC insurance products. 

  • Click on Term. 

  • Since you only want premiums for a cover of Rs. 1 Crore, choose either LIC Jeevan Amar or LIC Tech Term. 

  • Click on Coverage. 

  • Insert 1 crore in the sum assured field. 

  • Choose how frequently you would like to pay your premiums.

  • Select a policy term from the range of 10 to 40 years. 

  • Select Yes or No for tobacco usage. Remember that the company requires you to undergo a Urinary Cotinine test. Therefore, you should disclose all information correctly. 

  • Click on Quote. 

  • The resulting page displays the premium amount per the premium payment option you chose. You can further scroll to the side to get variations per the premium payment mode (yearly, half-yearly, quarterly, and monthly). 

Compare Quotes - If you are yet to decide between LIC Jeevan Amar and LIC Tech Term, you should choose this option to compare their respective premium quotes. 

  • Check the boxes against LIC Jeevan Amar and LIC Tech Term

  • Click on Compare. 

  • Fill in the requested details; the sum assured being Rs. 1 Crore. 

  • The resulting page should give you the premium quotes for each plan, and you can choose one that best suits your budget and needs. 

Why Should You Use LIC Term Insurance Plan 1 Crore Premium Calculator?

Using the LIC Term Insurance Plan 1 Crore Premium Calculator makes it easy for you to estimate the premiums you would have to pay. This subsequently helps in your financial planning. New buyers of term insurance may feel intimidated by the cover amount of Rs. 1 crore. LIC’s online premium calculator can help negate this thought with the monthly, quarterly, half-yearly, yearly premium estimates for the same. Therefore, people can choose for themselves if the term life insurance cover is even affordable for them or not. Furthermore, the tool is free of cost and customizable as per the requirements and personal circumstances of the user. 

Wrapping It Up!

Using LIC's Term Insurance Premium Calculator for a coverage amount of Rs. 1 Crore is a smart way to determine the premium cost for your policy. It ensures that you receive the desired coverage without straining your finances. Remember that while affordability is crucial, it's equally important to choose a policy that aligns with your long-term financial goals and provides adequate protection for your loved ones.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.

FAQs

  • Q: What is LIC Term Insurance Plan 1 Crore Premium Calculator?

    Ans: The LIC Term Insurance Plan 1 Crore Premium Calculator is an online tool provided by the Life Insurance Corporation of India (LIC) to help estimate the premium amount for a term insurance policy with a coverage of Rs. 1 Crore. It considers factors like age, gender, policy term, and the desired sum assured.
  • How does the LIC Term Insurance Plan 1 Crore Premium Calculator work?

    Ans: To use the LIC Term Insurance Plan 1 Crore Premium Calculator, you enter basic information such as your age, gender, policy term, and the sum assured (1 Crore in this case). The calculator then generates a premium quote based on these details.
  • What are the benefits of using LIC Term Insurance Plan 1 Crore Premium Calculator?

    Ans: Using LIC Term Insurance Plan 1 Crore Premium Calculator provides accuracy in premium estimates, allows you to compare different policy options, and empowers you to make an informed decision about your insurance coverage.
  • How can I use the LIC Term Insurance Plan 1 Crore Premium Calculator?

    Ans: To use the calculator, visit the official LIC website, navigate to the Premium Calculator, fill in your details, and choose the "Quick Quote" or "Compare Quotes" option to estimate premiums for a cover of Rs. 1 Crore.
  • Why should you use LIC Term Insurance Premium Calculator for a Rs. 1 Crore coverage?

    Ans: Using the calculator helps estimate the affordability of a term life insurance policy and facilitates financial planning. It allows you to determine if a cover of Rs. 1 Crore fits your budget and aligns with your long-term financial goals and protection needs. The tool is free and customizable.

Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
23 May 2024

Term Insurance for Individuals with a 35K Salary

Securing your financial future is essential, especially when

Read more
07 May 2024

Term Insurance for 45K Salary Individuals

In life, unpredictability looms large, and while you may

Read more
07 May 2024

Term Insurance for 30K Salary Individuals

Turning your dreams into reality, like owning your home and car

Read more
11 Apr 2024

Government Term Insurance Schemes 2024

The Government of India is committed to the welfare and

Read more
03 Apr 2024

How Policybazaar Helps With Dedicated Claim Assistance

Mr. Kumar has been working with a Public sector bank in Delhi.

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
13 Apr 2021

2 Crore Term Insurance Plan

2 Crore term insurance provides cover amount of 2 Crore as death benefit to your family in the event of your

Read more
07 Mar 2023

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals

Read more
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL