How to calculate LIC premium online
LIC offers premium calculators for all major plans — term, endowment, ULIP, and health. This guide shows you how to use them, what data to input, and how to verify the quote before buying.
Step-by-step: calculating LIC premium
- 1Go to LIC's official website (licindia.in) and navigate to the Premium Calculator section
- 2Select your plan — Jeevan Anand, Tech Term, New Endowment, etc.
- 3Enter personal details: DOB, gender, smoker status
- 4Set coverage parameters: sum assured, policy term, premium paying term
- 5Choose riders (optional): Critical Illness, Accident Benefit, etc.
- 6Click calculate — the tool shows annual, half-yearly, and monthly premium options
Popular LIC plans and calculators
- LIC Jeevan Anand: Endowment + life cover. One of LIC's bestselling plans.
- LIC Tech Term: Pure term insurance with online discounts. Often 20-30% cheaper than offline term plans.
- LIC Jeevan Labh: Limited premium payment endowment plan.
- LIC Arogya Rakshak: Health insurance plan with fixed benefit.
Tips for accurate LIC premium estimates
- Use the correct age: Premiums are calculated on "age nearest birthday" — if you turn 40 next month, enter 41.
- Compare with an agent's quote: online calculators are estimates. An actual agent quote is more accurate.
- Read the brochure: understand the benefits, surrender value, and tax implications before buying.
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