LIC Saral Jeevan Bima Premium Calculator

The LIC Saral Jeevan Bima Premium Calculator is a tool that helps individuals estimate the premium amount for the LIC Saral Jeevan Bima policy. By using the LIC Saral Jeevan Bima Premium Calculator, individuals can get an idea of the premium they would need to pay for the policy based on their specific requirements and circumstances.

Get ₹50 Lacs Life Cover at just ₹412/month⁺

Get upto 20% online discount^#

In case of your death, your family will receive fixed amount, tax free

Covers COVID-19

Policybazaar is Certified Platinum Partner for

Hassle free service & claims assistance

+Prices offered by the insurer are as per the IRDAI approved insurance plan. Standard T&C apply.

+Please note that the quotes shown will be from our partners

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

# Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

or Give us a call on 1800-258-7204

Get ₹50 Lacs Life Cover at just ₹412/month⁺

Get upto 20% online discount^#

In case of your death, your family will receive fixed amount, tax free

Covers COVID-19

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Tax benefit is subject to changes in tax laws.

or Give us a call on 1800-258-7204

What is LIC Saral Jeevan Bima Yojna Premium Calculator?

LIC Saral Jeevan Bima Yojna Premium and Maturity Calculator is an online tool offered by the LIC of India that allows the policyholder to understand the premium calculation and maturity amount they will receive at the end of the policy term. This calculator considers various factors such as the policyholder's age, sum assured, policy term, and other relevant details to calculate an approximate premium amount. One can easily customize the LIC Saral Jeevan Bima Premium Calculator as per their needs and calculate the approximate premium amount for their ideal LIC Term Plan.

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 to Use LIC Saral Jeevan Bima Premium Calculator

Using LIC Saral Jeevan Bima Premium Calculator is so easy and simple! You can compute the LIC Saral Jeevan Bima online in just a few clicks. Here’s a step-to-step guide:

Step 1: Visit the official website of LIC

Step 2: Click on ‘products’ present on the top of the homepage and select ‘insurance plan’ like LIC Saral Jeevan Bima, to find the list of all the active policies offered by LIC

Step 3: Then, click on the option ‘premium calculator’ present on the left side of the page.

Step 4: Enter the required details such as

Date of birth
Name
Gender
Email ID
Mobile number
Desired policy
Sum assured amount
Smoking habits
Policy term, etc.

Step 5: After entering all the details, the premium amount that you are required to pay will be displayed on the screen.

Step 6: Proceed to pay, if the policy prices are satisfactory

Note: You can calculate the term plan premium on the term insurance calculator online tool by Policybazaar.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

Advantages of LIC Saral Jeevan Bima Premium Calculator

The benefits of LIC Saral Jeevan Bima Yojana Premium Calculator are multiple, as discussed below:

Selecting the right cover amount

LIC Saral Jeevan Bima premium Calculator estimates the term cover amount that covers the family’s financial requirements, premium payable, and other liabilities. The selection of coverage depends upon different parameters such as existing liabilities, annual income, number of dependents, etc.
Cost –Saving

Using LIC Saral Jeevan Bima Premium Calculator, one can opt for the highest possible amount of life cover for their LIC Saral Jeevan Bima policy that fits into their budget.
Hassle-free and time-saving

While comparing the term insurance plans displayed on the screen using the LIC term calculator, you are not required to submit any of the documents. You get a premium quote within a few clicks and then you can make an informed purchase decision.
Comparison of different plans

The LIC Saral Jeevan Bima Premium Calculator provides you the option of comparing different plans and selecting the right one.
Instant Results

Once you enter the required details, you do not have to wait around for the results. The LIC Saral Jeevan Bima Premium Calculator offers accurate and prompt responses, which is unlikely when it is done manually
Helps in Financial Planning

The LIC Saral Jeevan Bima Calculator helps you know the amount of premium to be paid immediately. Once you know the premium you must pay regularly, you can plan your budget accordingly.

Factors Affecting the LIC Saral Jeevan Bima Premium Rates

The premium rates of a LIC Saral Jeevan Bima policy are determined based on the following factors:

Age: Term insurance premium rate increases with the policyholder’s age. A younger individual is less likely to fall ill due to lifestyle diseases that occur with age or immature death. So, the premium rates are lower for younger people than for older individuals.
Gender: As per the research, women's average life expectancy is higher than men's. This means women can avail of a lower premium than men of the same age.
Smoking Habits: A smoker has a higher death risk than a non-smoker. Because of the physical hazard, a smoker has to pay higher premium amounts than non-smokers
Sum Assured: The higher the sum assured amount chosen by the insurance buyers, the higher the premium rates of the policy.
Premium Payment Term: The shorter the premium payment term chosen, the higher will be the term insurance premium increase.
Health Conditions: The plan's premiums will be higher for someone with pre-existing illnesses. Thus, when buying a plan, it is important to correctly share all the health-related details with the insurance company.

Wrapping It Up

LIC Saral Jeevan Bima Premium Calculator is an online-free tool which allows policyholders to get an estimate of the premiums payable for their LIC Saral Jeevan Bima Policy. By using the LIC Term Plan Calculator, prospective policyholders can input their details and preferences to get an approximate premium amount for the desired coverage. It helps individuals plan their insurance needs, compare different coverage options, and make an informed decision

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.

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. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.