LIC Term Insurance 50 Lakh Plan Calculator

LIC Term Insurance 50 Lakh Plan Calculator is a digital tool that simplifies the premium calculation process. It computes the approximate premium of a term insurance cover worth 50 lakh using your personal details. This way, you can get an idea of the premium charged before buying a plan. The Life Insurance Corporation of India (LIC) is known for its trustworthy term insurance plans that assure your family financial security in the long run. The calculator is very user-friendly, time-saving, and available anytime on the official LIC website.

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What is the LIC Term Insurance 50 Lakh Plan Calculator?

LIC Term Insurance 50 Lakh Plan Calculator is a digital online tool that allows a person to know approximately how much premium he or she would have to pay and what expected benefits he or she would get in the case of a term insurance plan with 50 lakh sum assured from LIC. The tool is very simple to use, and you can check the approximate premium amount on monthly/ quarterly/ half-yearly or yearly basis.

Features of the LIC Term Insurance 50 Lakh Plan Calculator

User-Friendly and Simple: This term insurance calculator is so simple and easy to use that it makes the complicated calculation very simple and available to everyone.
Instant Premium Calculation: Rather than calculating manually the change of premium with your age, policy term, and other factors, you just enter your data and the calculator immediately gives you an estimated premium.
Accurate and Updated Data: This calculator is available on the official LIC website, it is a credible source of information. It does not include any third-party influence on the calucltions.
Scenario-Based Planning: You can use the calculator to vary scenarios and thus get an idea of how premiums would be changed if you alter the policy duration or payment frequency (monthly, yearly, etc. ).

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

How Does the LIC Term Insurance 50 Lakh Plan Calculator Work?

The LIC Term Insurance 50 Lakh Plan Calculator was made for LIC term insurance policies that offer a sum assured of Rs 50 Lakhs. The LIC Yuva credit life and LIC Digi Credit Life plans are covered under these products.

Usually, you will have to fill in the following information when using a calculator:

Personal information like age, gender and whether you smoke or not.
Insurance coverage information like the sum insured (50 lakh).
Policy-related aspects such as the length of the policy (policy term) and the selection of the premium payment term.
Premium payment frequency – whether you want to pay monthly, quarterly, half-yearly or annually.

As soon as these details are inputted, the calculator will give an estimation of how much your premium will be charged. Factors such as age and lifestyle (e.g., smoker vs. non-smoker) which have a direct impact on the amount of premium are considered.

The calculator ensures that the numbers you receive are only for life insurance plans with 50 lakh life cover, rather than a generic premium estimate which may not match your coverage level requirements.

Sample Calculation of LIC Yuva Credits and LIC Digi Credit Plan

The sample illustrative premiums for Male, Non-Smoker, Policy Term 25 years, Basic Sum Assured of Rs.50 Lakh for LIC Yuva Credit Life Plan are as under:

Age	Single Premium (in Rs.)	Annual Premium for Limited PPT of 5 Years (in Rs.)	Annual Premium for Limited PPT of 10 Years (in Rs.)	Annual Premium for Limited PPT of 15 Years (in Rs.)
20 years	40.900	10,100	6,100	4,850
30 years	53,550	13,150	7,900	6,200
40 years	1,03,450	25,100	14,900	11,650

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The sample illustrative premiums for Male, Non-Smoker, Policy Term 25 years, Basic Sum Assured of Rs.50 Lakh for LIC Digi Credit Life Plan are as under:

Age	Single Premium (in Rs.)	Annual Premium for Limited PPT of 5 Years (in Rs.)	Annual Premium for Limited PPT of 10 Years (in Rs.)	Annual Premium for Limited PPT of 15 Years (in Rs.)
20 years	34,550	8,050	4,800	3,800
30 years	45,550	10,500	6,250	4,900
40 years	88,750	20,300	11,900	9,250

LIC of India provides various calculators to help plan and achieve financial goals, for example, 50 lakh term plan calculator or 15 years policy calculator. All these calculators are similar to the standard LIC calculator, only differing in the choice of plan option.

Benefits of the LIC Term Insurance 50 Lakh Plan Calculator

Below are the five key benefits that make this tool extremely practical:

Quick Estimate: You don't have to do the math yourself or wait for an agent to give you a quote. Just click and you'll get the results.
Correct Premium Amounts: The estimates are based on the LIC's official rate structure and are correct and in line with the plan terms as of now.
Easy Access: You can check premiums anytime and anywhere because it is an online tool on LIC's official website. You don't even have to go to a branch.
Assists Financial Planning: This is an excellent planning tool where you can alter several parameters like the term length, payment frequency, and so forth to observe how the premiums are affected.

Summing Up

The LIC Term Insurance 50 Lakh Plan Calculator is an indispensable tool for any person who is interested in taking a term insurance policy for a cover of 50 lakhs. It smoothens the process of figuring out how much premium is to be paid and what the policy can potentially yield, thus helping you get an idea of the policy before you commit to a long-term financial decision.

This online tool can be found on the LIC official website and it is a handy and trustworthy one, hence you will be able to take an informed decision based on clear, personalised estimates. It doesn't matter if your goal is family protection or financial security, using this calculator should definitely be a part of your insurance planning.

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FAQ's

Q1. What is a LIC term insurance 50 lakh calculator?

Ans: A LIC term insurance 50 lakh calculator is an online tool that assists you in calculating the premium of a 50 lakh life insurance cover. Entering your age, the remaining policy term, and certain lifestyle factors will immediately show you the premium you need to pay.
Q2. How much premium for 50 lakh term insurance?

Ans: Ans: There are three main factors deciding the premium of a Rs 50 lakh term insurance policy, your age, health and the features of the policy. The monthly premium of a young non-smoker can be in the range of Rs 400-500 and it will become higher if you get older or add more riders.
Q3. Where to invest 50 lakhs for long term?

Ans: If you are planning to invest 50 lakhs for the long term, a term insurance plan would be a wise choice of financial protection. It provides a high life cover at a very low premium, thus ensuring that your family will be financially secured and you will have long-lasting peace of mind even in case of an unfortunate event.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month 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 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/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 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/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 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/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 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 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.

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