Is this the official LIC premium calculator?

No. This is an independent estimation tool and is not affiliated with, endorsed by, or operated by LIC of India. Use the LIC website or a licensed agent for binding quotes.

Why does my premium change so much with age?

Mortality risk rises with age, so insurers apply higher rate factors to older entrants. Buying earlier locks a lower premium.

Does the estimate include GST or riders?

No. GST on premium and any rider charges (accident, critical illness, etc.) are excluded. Add them separately for a like-for-like comparison.

How accurate is this estimate?

It is an order-of-magnitude estimate based on public assumptions. The actual premium depends on the specific plan, your health, occupation, and the insurer's current rate card.

LIC Premium Calculator

Estimate an LIC-style endowment annual premium by age, sum assured, and term.

Inputs

Your age (years)

yrs

Coverage amount (sum assured)

INR

Policy term (years)

yrs

Result

Estimated Annual Premium

₹35,000.00

Approx ₹2,916.67/month

Total Premium Over Term₹700,000.00

Sum Assured₹1,000,000.00

Related calculators

LIC Jeevan Anand Calculator

Independent LIC Jeevan Anand-style premium and maturity estimator with editable bonus assumptions.

ICICI Prudential Calculator

Independent ICICI Prudential-style life-insurance premium estimator with annual and monthly projections.

SBI Life Premium Calculator

Independent SBI Life-style premium estimator with annual and monthly premium projections.

LIC Jeevan Umang Calculator

Independent LIC Jeevan Umang-style whole-life calculator with 8% annual survival benefit projection.

HDFC Life Calculator

Independent HDFC Life-style life-insurance premium estimator with editable rate assumptions.

Term Insurance Calculator

Estimate ideal term insurance sum assured for any age, income and coverage period.

Life Insurance Calculator

Estimate the recommended life insurance cover from income, dependents, debts and existing assets.

LIC Maturity Calculator

Estimate the maturity value of an LIC-style endowment policy from premium, term, and bonus.

SIP Calculator

Estimate the future value of a Systematic Investment Plan using the standard annuity-due formula.

Formula

annualPremium ≈ (coverage ÷ 1000) × baseRate × ageFactor(age) × termFactor(term)

How it works

A free, independent tool that estimates an endowment-style life insurance annual premium from your age, sum assured and policy term. It is not affiliated with LIC of India and uses public-domain rate assumptions stored in editable settings.

Example

Example: A 30-year-old buying ₹10,00,000 cover for 20 years sees an indicative premium near the base rate × 1.0 age factor × 0.85 term factor — useful as a sanity check against a formal quote.

Frequently Asked Questions

Related Calculators

Insurance

Life Insurance Calculator

Estimate the right life cover for your family.

Insurance

Term Insurance Calculator

Find the ideal term plan sum assured.

Insurance

Car Insurance Calculator

Estimate car insurance premiums.

Browse all insurance calculators →

Disclaimer: This calculator is an independent estimation tool and is not affiliated with, endorsed by, or operated by the respective company. Actual returns, premiums, interest rates, benefits, and product features may vary. Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice.