Choosing a life insurance plan is a big decision, and numbers help. Our free LIC Policy Calculator & Advisor lets you explore Life Insurance Corporation of India style plans and see an illustration of your policy before you speak to anyone. It gives personalised plan suggestions based on your profile, and a detailed report showing premiums and benefits. No registration is required.

To use it, enter your full name and date of birth, then fill in the policy details shown in the form, such as the sum assured and policy term. Click Generate Report to receive recommendations and a policy illustration. Try different terms and amounts to compare options. The results are for illustration only; please consult a licensed LIC agent for actual policy terms, premiums and benefits.

Frequently Asked Questions

How is the LIC premium calculated?

The premium depends on your age, the plan chosen, the sum assured, the policy term and the premium payment mode. Younger entrants generally pay lower premiums for the same cover.

How is the LIC maturity amount calculated?

Maturity benefit is usually the sum assured plus accrued bonuses and any final additional bonus, depending on the plan. Non-participating plans pay only the guaranteed amounts.

Does a longer policy term change my premium?

A longer term typically lowers each premium but increases the total premiums paid over the policy life. A shorter term raises the instalment but reduces total outgo.

Are the calculator results guaranteed?

No. The report is an illustration based on typical assumptions. Bonuses are not guaranteed, so confirm exact figures with LIC or a licensed agent before buying.