LIC Term Plan Calculator

LIC’s term insurance premium calculator is an online t ...Read More

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Bindiya Sinha
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Bindiya Sinha

Term & Life Insurance

Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.

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Raj Kumar

Raj Kumar

Health Insurance

Raj Kumar has more than a decade of experience in driving product knowledge and sales in the health insurance sector. His data-focused approach towards business planning, manpower management, and strategic decision-making has elevated insurance awareness within and beyond our organisation.

Updated on Oct 15, 2025 4 min read

LIC Term Plan Insurance Calculator

LIC’s term insurance premium calculator is an online tool that helps its customers calculate the premium payable for the term policy they wish to purchase. The policyholders are required to enter their information, such as age, income, gender, coverage, and policy tenure, in the calculator, and it uses the given information to calculate the premiums. The calculator is specifically designed to do complex calculations in minutes.to 

What is the LIC Term Plan Calculator?

LIC Term Insurance Premium Calculator is an online tool that helps you calculate LIC term insurance premiums. Using the LIC Term Plan Premium Calculator is easy, as you have to just enter your basic details, such as age, sum assured, policy tenure, and the calculator will instantly show you the premium details.

Benefits of LIC Term Insurance Premium Calculator

These are the benefits of the Term Insurance Premium Calculator provided by LIC:

  • Hassle-free and easy to use. By submitting some basic details, the exact amount of the premium is calculated for a LIC term insurance plan.
  • Cost-effective, as you can opt for additional benefits and the highest possible life cover amount that suits your requirements.
  • Compare various plan premiums; this will help you determine which is the most suitable plan for you and for your loved ones.
  • Insurance holders will reach an accurate premium calculation by using the LIC term plan premium calculator without any room for error. When calculating premiums, it is essential to reach as close to the actual premium estimation as possible in order to understand if the policy is feasible or not.
  • The premium calculation done by the LIC term insurance calculator will allow insurance holders to decide whether the insurance policy sum assured amount can be purchased or if they need to re-evaluate their options.
  • There are no hidden charges of the premium when calculated via the LIC term plan calculator.

Why Do We Need a LIC Term Insurance Premium Calculator?

LIC term insurance premium calculator plays an important role when an individual is trying to make a decision on which term insurance plan to buy. Here are a few pointers on why a premium calculator might help:

  • For Making Correct Estimation:
    On entering the desired coverage amount, policy term, and age, the LIC term insurance premium calculator delivers an accurate estimation that fits your budget.
  • It Saves Time: 
    LIC term plan premium calculator can quickly calculate the result, it saves time and effort, and allows you to compare different policy options at a time. 
  • They are Customizable: 
    LIC term plan calculator provides the policyholder the ability to customize the policy according to his/her specific requirements. This feature helps to decide between coverage and affordability.
  • Transparency:
    The term insurance calculator displays the result with applicable taxes and charges; this will give the customer full information about the total cost of the policy.
  • Can Be Easily Accessed:
    The calculator is available online so the policyholder can access it easily from anywhere and explore different policies sitting in their homes.
  • Financial Planning:
    LIC term plan premium calculator helps the customer to understand the affordability of the policy and helps the customer to choose the best plan for themselves, and can even assist in developing money-saving strategies.

Steps to use the LIC Term Insurance Premium Calculator

The calculation of LIC Term Insurance plan premiums is simple and hassle-free with the online premium calculator available on the website.

Step 1: Visit LIC’s official website and go to the LIC Term Premium Calculator option.

Step 2: This will direct you to a page where you have to fill in your details, such as gender, age, life cover, and cover-up to which age. Then click on ‘Calculate’.

Step 3: The quotation will be displayed within seconds after filling up the required details.

LIC Term Insurance Helpline Numbers

To avail instant customer service from the insurer, we have provided below the official contact details:

  • Visit their official website https://licindia.in/home and click on the “How May I help you” section
  • Message LIC via WhatsApp for any kind of assistance - 8976862090
  • Call on Customer Care Number - 022- 6827-6827 for any queries

Things to Keep In Mind Before Using the LIC Term Insurance Premium Calculator

When calculating term insurance premiums, it is essential to keep certain factors in mind:

  • Sum Assured Amount selected
    As per your family’s future requirements, such as the dependent child’s higher education, parents’ medical care, and providing your spouse with a financial safety net, along with maintaining a steady lifestyle, it is essential to select an adequate amount of the sum assured before using the LIC term insurance calculator.
  • Age of Insured Individual
    Before calculating term insurance premiums with the help of the LIC term plan calculator, it is important to understand that the higher the age at the time of purchase of a term plan, the higher the premium amount. With increasing age, an individual becomes a liability on the insurer due to a higher death risk due to health ailments.
  • Lifestyle AnalysisThe 
    LIC term insurance plan calculator and other insurance calculators do consider the factor if an individual is a smoker or a non-smoker when calculating the premium; hence, it is essential to keep these details in mind and understand that premium costs are affected by the same.
  • Medical History of the Individual and Family 
    LIC term insurance calculator calculates premiums for term insurance plans on the basis of details provided by the insured life. Family and individual medical history is an essential factor to consider by the insurer in order to decide on the eligibility of the sum assured for its customers.
  • Low and High-Risk Occupation
    The occupation of the insured individual is considered and is a field that must be filled in the LIC term insurance calculator in order to understand if the insured life has a high-risk occupation, such as aviation, mining industry, or any other such occupation, or a low-risk occupation. The premium rates are affected by the occupation of an individual.

Explore other LIC Term Insurance

LIC Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with LIC Term Insurance plans. Below is the list of term plans offered by LIC Term.

LIC Tech Term Plan

LIC Tech Term Plan

LIC's Tech Term plan is a non-linked, non-participating online, pure risk premium plan, that provides financial protection to the insured's family in ...

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women

LIC Tech Term Plan (Pros)

LIC Tech Term Plan
  • Choose from two benefit options
  • Opt for payment of benefit in installments
  • Special rates for women

LIC Tech Term Plan (Cons)

LIC Tech Term Plan
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Tech Term Plan (Other Benefits)

LIC Tech Term Plan
  • High sum assured rebate
  • Choose your policy term
  • Enhance your protection with riders

LIC Tech Term Plan (Eligibility Criteria)

LIC Tech Term Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 50 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

LIC Jeevan Amar

LIC Jeevan Amar

LIC Jeevan Amar plan is a non-linked, non-participating, without profit, offline pure protection term insurance plan. With several benefits, LIC Jeeva...

Unique Features

  • Rebate on High Sum Assured
  • Discounted Premium for Women
  • Add-on cover with Accident Benefit Rider

LIC Jeevan Amar (Pros)

LIC Jeevan Amar
  • Choose your policy term
  • Flexibility to choose from two benefit
  • Special rates for women

LIC Jeevan Amar (Cons)

LIC Jeevan Amar
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Jeevan Amar (Other Benefits)

LIC Jeevan Amar
  • High sum assured rebate
  • Choose the riders of your choice
  • Attractive premium rates for non-smokers

LIC Jeevan Amar (Eligibility Criteria)

LIC Jeevan Amar
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 25 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

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LIC Term Plan Premium Calculator Online : FAQs

1. What information is required to calculate LIC Term Insurance Premium Calculation?

The information required to calculate LIC Term Insurance Premiums is the date of birth, life cover and sum assured.

2. Where we can find the LIC Term Plan Calculator?

We can find LIC Term Plan Calculator on their official website.

3. Do we required to pay the insurer to calculate the Term Insurance Premium ?

No, we are not required to pay the insurer to calculate the Term Insurance Premium.

4. What are the premium payment options available with LIC Term Insurance Premium Calculator?

The premium payment frequency is flexible in the term plan provided by LIC. Individuals can select among various premium payment options such as Monthly, quarterly, half-yearly, and single premium according to their capability.

5. Does the LIC term insurance premium calculator consider the cost of GST when calculating premiums?

Yes, there are no hidden charges when calculating premiums via the LIC term insurance calculator. The premium calculated will include 18% GST as per the government-laid laws.

6. Does the LIC term insurance premium calculator calculate the discount too?

Yes, the calculator can give information about the discounts and add-on benefits of the plan

7. Does smoking affect the LIC term plan calculator results?

Yes, the smoking habit impacts the premium calculation. If the person is a smoker the outcome of the calculation will be a higher premium. A smoker has to pay a higher premium compared to a non-smoker individual.

8. Does the LIC term plan premium calculator generate trustworthy results?

Yes,the result of the calculation is totally trustworthy as the calculations are based on the data that the customer has entered.

9. Does the geographical location have any impact on the results of the lic term plan calculator?

No, geographical location will have no impact on the LIC term plan calculator.

10. What is a term insurance calculator?

A term insurance calculator is an online tool that allows you to calculate the estimated insurance coverage and premium amount as per your age, financial goals, income, and lifestyle. By inputting the basic details such as age, income, and place, you can calculate the approximate premium and your eligibility.

11. Can I buy a policy directly after using the LIC Term Insurance Premium Calculator?

Yes, you can buy a policy directly after using the LIC Term Insurance Premium Calculator. Once you are done with calculating the premium, select the suitable policy term and coverage amount; the LIC website itself provides the option to proceed with the buying process.

12. How do I use a Term Plan Calculator?

On the official website of the insurer, you will get the online calculator, enter basic details such as gender, annual income, age, and smoking habits, select the coverage amount, and choose the adequate payout option. At last, you will get to see the premium estimate.

Explore LIC Term Insurance

LIC Term Plan Calculator

LIC Term Plan Calculator

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Bindiya Sinha

Written By: Bindiya Sinha

Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.

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