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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.
Latest News on LIC Life Insurance
- Find out how to pay for LIC life insurance premiums in the section below. Read on to learn more.
- LIC Policy Tracker: Know the status of your LIC policy online in a few easy steps. Here’s a step-by-step guide for both new and registered users on how to track LIC policy status online. Read on to find out!
- The Life Insurance Corporation of India (LIC) offers a variety of revival schemes to help people renew their life insurance policies. Check out the process to renew a lapsed LIC policy in detail.
- A single insurance endowment plan is a one-time payment insurance policy that has been created for customers who do not want to endure the hassle of keeping a tab on the plan and making regular periodic payments. Here, you make one large payment, become t
- The Life Corporation of India (LIC) has devised a strategy for children's savings. The LIC Kid plan is a participation plan that offers guaranteed payouts known as survival benefits over the life of the policy to help a growing kid fulfill scholastic, mar
Why to Buy Life Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 50 Lacs+ happy customers
Life Insurance News
Find out how to pay for LIC life insurance premiums in the s...26 April 2023
LIC Policy Tracker: Know the status of your LIC policy onlin...25 January 2023
The Life Insurance Corporation of India (LIC) offers a varie...10 January 2023
A single insurance endowment plan is a one-time payment insu...04 April 2022
The Life Corporation of India (LIC) has devised a strategy f...26 March 2022
LIC Life Insurance User Reviews
Claim Process at LIC of India
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf 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.