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LIC of India Premium Calculator

257 reviews Rate This
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

Term Life Insurance Premium Calculator


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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

LIC of India Plan List

    Name of PlanSum Assured
    LIC Bima Jyoti20 lac - 10 cr Check Premium
    LIC Jeevan Umang20 lac - 10 cr Check Premium
    LIC SIIP20 lac - 10 cr Check Premium
    LIC Jeevan Anand20 lac - 10 cr Check Premium
    LIC Jeevan Labh20 lac - 10 cr Check Premium

    LIC of India Mediclaim Policy Premium Calculator

    InsuranceDekho provides an online premium calculating tool through which you can calculate the premium for life insurance plans prior to purchasing the actual policy. A premium calculator is designed for the convenience of customers which helps them to instantly calculate premium amount according to premium payment term and premium payment mode is chosen. With the help of the InsuranceDekho premium calculator, you can get personalized results by selecting the Cover-up and Life Cover. Premium calculator plays an important role in estimating and adjusting the sum assured according to your requirements and according to your budget.

    How To Use LIC Life Insurance Premium Calculator?

    You can easily calculate premium using the InsuranceDekho premium calculator by following these simple steps:

    Step 1: Visit InsuranceDekho’s website and click on the ‘Life Insurance’ page.

    Step 2: Fill in the required details such as age, gender, cover-up and life cover in the premium calculator and click on the ‘Get Quotes’ button.

    After entering the required details you can select the plan option and the premium will be calculated instantly. You can change the calculated amount by changing the premium calculator factors such as age, cover-up, gender and life cover.

    Benefits of LIC Life Insurance Premium Calculator

    The benefits of using the InsuranceDekho life insurance premium calculator are as follows:

    • Free Comparisons and Instant Calculation: InsuranceDekho lets the customers calculate the premium before buying the policy. You can calculate premium by providing the necessary details such as Age, Gender, Cover-up and Life Cover, the website provides the best option of insurance plans and calculates the premium of those plans instantly.
    • Accurate Premium: The premium calculator helps in calculating the accurate premium for the policy according to your requirements and budget and helps in purchasing an insurance plan that is affordable.
    • Better Decision Making: While you calculate the premium for life insurance plans, the calculator instantly displays quotes that best suit your requirement and the budget you entered. This calculator lets you choose a plan that you need and lets you enhance your plan by adding optional riders available.

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    Why to Buy Life Insurance Policy Online from InsuranceDekho

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    Claim Process at LIC of India

    • 1

      Claim Intimation

      In the event of the death of the life assured, the insurance company should be intimated as early as possible.
    • 2

      Submission of Documents

      For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
    • 3

      Claim Evaluation

      After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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    LIC of India Premium Calculator FAQs

    • Is GST applicable on life insurance premiums?

      Yes, a GST slab of 18% is applicable to the premium charged for a plan.

    • What is the age limit to purchase a LIC life insurance policy?

      A basic life insurance plan can be purchased from 20 years of age to 60 years of age.

    • Does consumption of tobacco/alcohol affect the premium calculation?

      Yes, consumption of tobacco/alcohol affects the premium calculation as consumption of tobacco/alcohol is injurious to health, people who consume either of both are considered at high risk. When you declare that you consume tobacco/alcohol on a regular basis, the premium amount rises.

    • Does my LIC life insurance policy cover death due to COVID-19?

      Yes LIC insurance policies now cover death caused due to COVID-19.

    • Can I pay my renewal premium online?

      The renewal premium payments can be made online on the LIC website through net banking, credit/debit card, BHIM and UPI.

    LIC of India Contact Details

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