LIC Premium Calculator 2026

Estimate your LIC premium for popular plans. Enter your age, sum assured, and policy term. Results are approximate— actual premiums depend on LIC's current rate tables and GST.

Your Details

Select Plan

New Endowment Plan (914)

Savings + insurance. Maturity lump sum + bonuses.

Jeevan Anand (915)

Endowment with lifelong insurance cover after maturity.

Tech Term (854)

Pure term — cheapest life cover, no maturity payout.

Money Back 20yr (820)

Periodic payouts every 5 years + maturity.

Money Back 25yr (821)

Periodic payouts every 5 years + maturity.

Age at Entry30 years

1865

Policy Term20 years

1235 yrs

Sum Assured

Estimated Premium

₹60,000

per year (+ 4.5% GST)

Sum Assured

₹10.00 L

Policy Term

20 years

Total Premium (est.)

₹12.00 L

Est. Maturity

₹19.00 L

Notes

ⓘ Estimated maturity includes simple reversionary bonus (~₹45/₹1000 SA/year).
ⓘ Actual bonus declared by LIC annually — this is an estimate.
ⓘ Maturity amount is tax-free under Section 10(10D).
ⓘ Add 4.5% GST on the premium shown above.
ⓘ Visit licindia.in for exact premiums and to buy.

→ New Endowment Plan 914 — Full Guide → Tech Term Plan — Full Guide → How to Pay LIC Premium Online

How to Read This Calculator

What is Sum Assured?

The guaranteed amount LIC pays on death (and often at maturity). Higher SA = higher premium.

What is Policy Term?

How long your policy runs. Longer terms spread premium over more years, reducing annual cost.

Why is term plan cheapest?

Tech Term has no maturity benefit — 100% of premium goes toward life cover. No savings component.

What is maturity amount?

For endowment/money-back plans: SA + accumulated bonuses. Tax-free under Section 10(10D).