LIC premium Calculator
Professional actuarial-grade projections updated for 2026. Get the most accurate data for your financial planning.
LIC Calculator Premium
Updated 2026 Actuarial Engine
Note: These are estimates based on standard 2026 rates. Actual premiums may vary. Consult with an LIC agent for accurate quotations.
Premium Calculator Ready
Enter your details to see your LIC Premium estimate.
Master Your Policy with the LIC Premium Calculator
Why guess your policy costs when you can have precision? Our LIC Premium Calculator provides accurate, real-time projections for all LIC plans in 2026. Calculate your premiums with GST and plan your financial roadmap today.
What is Premium?
The premium is the periodic payment you make to LIC to keep your policy active. Our LIC Calculator helps you find the lowest premium for your desired sum assured.
GST Inclusion
LIC premiums attract GST (4.5% in the first year and 2.25% subsequently). This LIC Calculator automatically includes these taxes for your convenience.
Payment Modes
Choose between Yearly, Half-Yearly, Quarterly, or Monthly. The LIC Premium Calculator shows how much you save with annual payments.
How to Use the LIC Calculator for Premiums
Using our LIC Calculator is simple and takes less than 30 seconds. Follow these steps to get your accurate policy quote:
- 1Select your preferred LIC Plan from the dropdown.
- 2Enter your current age (premiums increase with age).
- 3Choose the Sum Assured and Policy Term.
- 4Pick your payment mode and click 'Run Analysis'.
Premium Sample Table
Professional Insights at Your Fingertips
Our LIC Calculator isn't just for numbers; it's for clarity. By understanding your premium commitments, you can manage your cash flow better. Whether you are a salaried professional or a business owner, our LIC Calculator ensures you stay ahead of your financial goals.
Premium Calculator FAQs
Is GST included in the premium?
Yes, our LIC Calculator includes 4.5% GST for the first year and 2.25% for subsequent years.
Can I pay monthly?
Yes, LIC allows monthly payments via NACH/ECS. The LIC Premium Calculator shows the monthly installment amount.
What is the mode discount?
LIC offers a 2% discount on Yearly and 1% on Half-Yearly premiums. This is built into our LIC Calculator.
Do premiums change with age?
Yes, premiums for most life insurance plans increase as you get older. Use the LIC Calculator to compare age-wise costs.