LIC Plan Calculators
Estimate the yearly, half-yearly, quarterly and monthly premium along with GST and approximate maturity value for popular LIC plans.
Premiums shown by this calculator are indicative estimates for planning purposes. For binding quotes, please consult an authorised LIC advisor.
About LIC Premium Calculator
The LIC premium calculator is a free online tool that helps you estimate the premium, GST, maturity value and survival benefits for Life Insurance Corporation of India plans before buying a policy. By entering your age, policy term and sum assured, you can quickly compare yearly, half-yearly, quarterly and monthly premium modes and choose the option that best fits your budget.
This calculator uses LIC tariff-based approximation formulas and the latest GST rates to give results close to the official premium illustration. Figures shown here are indicative only; the actual premium, bonus rates and final additional bonus may vary depending on LIC's current rates, underwriting and declaration at the time of purchase. Please contact an LIC agent or visit the official LIC website for the exact quote and policy details.
Frequently Asked Questions
How do I use the LIC premium calculator?
Choose a plan from the cards above, then enter your age, policy term and sum assured. Select any optional riders, then click Calculate. The tool instantly shows the estimated premium for yearly, half-yearly, quarterly and monthly payment modes, including GST.
What do the results represent?
The results are indicative estimates based on LIC tariff approximations and current GST rates. They include the base premium, mode-specific loading, GST, and an approximate maturity or survival benefit where applicable. They are not official LIC quotes.
Are the premium figures exact?
No. The actual premium depends on LIC's current rates, your underwriting class, declared bonus rates and final additional bonus at the time of purchase. Always confirm the exact quote with an authorised LIC agent or the official LIC website before buying.
Which payment modes are supported?
The calculator shows yearly, half-yearly, quarterly and monthly premium modes. Each mode has a small loading factor built into the estimate, which is why the total amount differs across modes.
Can I add riders to the estimate?
Yes. Most plan calculators let you include common riders such as accidental death and disability benefit. The rider premium is added to the base premium and GST is calculated on the total.