LIC Premium Calculator — Instant Estimates for All LIC Plans
Calculate LIC policy premiums for Jeevan Anand, Tech Term, New Endowment, Jeevan Labh, Arogya Rakshak, and other popular LIC plans. Our free LIC premium calculator gives you instant estimates based on your age, coverage amount, and policy term.
Popular LIC plans with premium estimates
Here is a quick reference for approximate annual premiums across popular LIC plans for a 30-year-old non-smoker:
| Plan | Type | Sum Assured | Est. Annual Premium |
|---|---|---|---|
| Jeevan Anand | Endowment | ₹10 Lakh | ₹90,000 – ₹1,10,000 |
| Tech Term | Term | ₹1 Crore | ₹12,000 – ₹18,000 |
| New Endowment | Endowment | ₹5 Lakh | ₹45,000 – ₹55,000 |
| Jeevan Labh | Limited Premium | ₹5 Lakh | ₹40,000 – ₹50,000 |
| Arogya Rakshak | Health | ₹5 Lakh | ₹8,000 – ₹12,000 |
* Premiums shown are indicative estimates for a 30-year-old non-smoker for a 20-year policy. Actual premiums may vary. Please verify with LIC.
Tips for using the LIC premium calculator
- Compare across sum assured amounts: Try ₹5L, ₹10L, ₹25L, and ₹1Cr to find the right coverage for your budget.
- Check annual vs monthly payment: Monthly payments typically cost 5-8% more annually. Annual payments save money.
- Compare with other insurers: LIC's rates are competitive but HDFC Life, ICICI Pru, and Max Life may offer better value for term insurance.
Use insurance commission calculator to estimate agent commissions on LIC policies.
How to use LIC Premium Calculator India
Choose your LIC plan
Select from Jeevan Anand, Tech Term, New Endowment, Jeevan Labh, Arogya Rakshak, or Jeevan Lakshya.
Enter your personal details
Provide your date of birth, gender, and smoker status — these affect your premium rate.
Set coverage parameters
Choose sum assured, policy term, and premium paying term. Higher coverage and longer terms increase the premium.
Add riders (optional)
Enhance your cover with Critical Illness, Accident Benefit, or Term Assurance riders.
Calculate and compare
See annual, half-yearly, and monthly premium options. Compare across different sum assured amounts.
Frequently Asked Questions
How accurate is the LIC premium calculator?
LIC premium calculators provide estimates based on IRDAI-approved rates. Actual premiums may vary slightly due to underwriting decisions, loading charges, and GST. For exact figures, contact a LIC agent.
Does LIC offer online premium calculation?
Yes. LIC India's official website has a premium calculator for most plans. You can also calculate premiums through LIC's mobile app or by visiting any LIC branch.
What is the minimum sum assured for LIC Jeevan Anand?
The minimum sum assured for LIC Jeevan Anand is typically ₹1,00,000. However, this varies by plan and should be confirmed with LIC's latest brochure.
Can I calculate LIC premium for a new-born baby?
Yes. LIC plans like Jeevan Anand and Jeevan Labh accept policies for minors as young as 0-1 year, with a parent or guardian as the policyholder.