Calculation Process
  • Hassle-Free Process
  • Premium Calculation Process
  • Benefit of Premium Calculator
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LIC Term Insurance Calculator

LIC’s term insurance premium calculator is an online tool that helps its customers to calculate the premium, that is payable for the term policy that they desired to purchase. They are only required to enter vital information and the calculator calculates the premiums based on the information provided. The calculator is specifically designed for the fast calculation of the premium amount.

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Steps to use 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 personal 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.

Term Insurance Companies

Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.

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 to determine which is the most suitable plan for you and for your loved ones.

Term Insurance Articles

LIC Calculation Process: FAQ

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.

What Our Customers Have to Say

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Aryan Dhaneja


October 4, 2021

fast claim settling...really happy with the help I received. Will be forever grateful to the agent who helped! Thanks

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Kushagra Tyagi


September 28, 2021

badhiya support mila customer team se! compare kiye kaafi plans and I bought one jo mere liye suitable tha with the help i got

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Govind Deb


September 28, 2021

it was a pleasure purchasing life insurance from LIC. Very supportive staff and patient. Thanks guys!

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Saheba Quereshi


September 27, 2021

thanks LIC for settling my claims so shortly! it was really urgent and I m happy to have placed my trust on the company

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Kamlesh Kumar


September 22, 2021

sahi plan mil gyaa...i have to thank LIC jinke plans are budget i got gud cover at low premiums...

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Sania Sharma


September 22, 2021

the best thing about LIC is that the premiums are not heavy on the pocket...I recently bought theri tech term plan and i have faced no issues during buying

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September 21, 2021

the whole life cover i bought from policy will cover me till 100! I m secured till life and at very reasonale premium monthly

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Kshtiz Chabbra


September 20, 2021

LIC ke plans are pretty reasonable priced which is what i like ...they can be bought by simple ppl like us!

View All LIC Term Insurance Reviews

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of Insurance Web Aggregator.