LIC Premium Calculator 2026
— All Plans, Instant Results
Calculate exact LIC premium, maturity amount, bonus, GST & year-wise returns for all major LIC plans — free, no sign-up required.
LIC Premium Calculator
Select a plan below, enter your details & get instant results
Step 1 — Choose Your LIC Plan
📊 Premium Breakdown
💰 Maturity Summary
📈 Key Metrics
🏦 Surrender Value (Est.)
📅 Year-wise Benefit Illustration
GST included in premium column| Year | Annual Premium (₹) | Cumul. Paid (₹) | SRB Bonus (₹) | Cumul. Bonus (₹) | Surrender Value (₹) | Death Benefit (₹) |
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LIC Premium Calculator 2026 — Everything You Need to Know
If you have ever sat across a table from an LIC agent, nodded along to unfamiliar terms like "Sum Assured," "reversionary bonus," and "paid-up value," and walked out more confused than when you walked in — you are not alone. Millions of Indians buy LIC policies every year without fully understanding what they are paying, what they will receive, and whether the plan actually makes sense for their financial goals. That is exactly the problem this LIC Premium Calculator is built to solve.
This free online tool lets you calculate the exact LIC premium, maturity amount, year-wise bonus accumulation, surrender value, and XIRR returns for all major LIC plans — including Jeevan Anand, Jeevan Labh, Tech Term, Money Back plans, Jeevan Umang, and more — in under 10 seconds, without needing to share your phone number or speak to any agent.
What Is an LIC Premium Calculator?
An LIC Premium Calculator is an online tool that estimates how much premium you will pay for a specific LIC life insurance plan based on your age, sum assured, policy term, and premium payment mode. A good calculator goes beyond just showing the premium — it should also show you the total maturity amount (what you get back at the end of the policy), the year-wise bonus accumulation, the effective return (XIRR), the surrender value at any given point, and how much of your money is going toward protection versus savings.
Our calculator above covers all of this for the major active LIC plans in 2026–27, including GST in the displayed premium so you know exactly what your actual outgo will be.
All LIC Plans Covered — 2026 Reference Guide
LIC offers a wide variety of plans across different categories. Here is a quick reference for the major plans covered by this calculator:
| Plan Name | Plan No. | Type | Bonus ₹/1000 SA | FAB ₹/1000 SA | XIRR (Indicative) | Best For |
|---|---|---|---|---|---|---|
| Jeevan Anand | 915 | Endowment | ₹48 | ₹125 | ~5.5% | Lifelong death cover + maturity |
| New Endowment | 914 | Endowment | ₹45 | ₹110 | ~5.2% | First-time buyers |
| Jeevan Labh | 936 | Ltd. Pay | ₹54 | ₹165 | ~5.8% | High returns, limited pay |
| Jeevan Lakshya | 933 | Protection | ₹47 | ₹105 | ~5.3% | Family income protection |
| New Money Back 20yr | 920 | Money Back | ₹42 | ₹95 | ~5.1% | Liquidity every 5 years |
| New Money Back 25yr | 821 | Money Back | ₹40 | ₹90 | ~5.0% | Long-term periodic returns |
| Jeevan Umang | 945 | Whole Life | ₹55 | ₹185 | ~6.1% | Annual income for life (8% SA) |
| Jeevan Utsav | 871 | Whole Life | ₹50 | ₹150 | ~5.8% | 10% SA annual income for life |
| Bima Jyoti | 860 | Non-Par | ₹50 GA | — | ~4.7% | Guaranteed, no market risk |
| Tech Term | 854 | Term | — | — | N/A | Max cover, minimum cost |
| New Jeevan Shanti | 858 | Pension | — | — | ~5.5% | Immediate annuity / pension |
| SIIP (ULIP) | 852 | ULIP | Market | — | Market-linked | Long-term equity growth |
How to Use This LIC Premium Calculator — Step by Step
Using the calculator above is straightforward, but here is a detailed walkthrough so you get the most accurate results:
- Select Your Plan Type: Use the filter tabs (Endowment, Money Back, Term, Whole Life, Child, Pension, ULIP) to narrow down your options, or browse all plans at once. Click on the plan card you want to calculate — it will highlight in green with a checkmark.
- Enter Your Age: Enter your current completed age (not your next birthday). LIC's premium rates are age-sensitive — even a one-year difference can change your premium meaningfully, especially for term plans.
- Choose Policy Term and PPT: The policy term is how long the policy will run. The premium paying term (PPT) is how long you will actually pay premiums. For limited-pay plans like Jeevan Labh, you pay for fewer years than the full policy term.
- Select Sum Assured: This is the guaranteed amount your nominee gets on death, and typically forms the base of your maturity calculation. Start with ₹5 lakh or ₹10 lakh to get a realistic picture, then scale as needed.
- Pick Your Premium Mode: Annual (Yearly) payment gives the best value since LIC applies a mode loading on other frequencies. Monthly is popular for budgeting but costs about 8% more annually than yearly mode.
- Set Gender and Smoker Status: LIC offers lower premiums to females on term plans. For smokers, premiums are approximately 25% higher on pure term plans.
- Click Calculate: You will instantly see your premium (with GST), maturity amount, year-wise table, key metrics, and surrender value projections.
Understanding GST on LIC Premiums (2026)
One of the most common sources of confusion around LIC premiums is GST. Here is the simple breakdown: for traditional participating plans (endowment, money back, whole life), GST is 4.5% on the first-year premium and 2.25% on all renewal premiums from Year 2 onwards. For pure term insurance plans like Tech Term and Jeevan Amar, the GST rate is a flat 18% on the full premium amount. For ULIPs, 18% GST applies only on the mortality charges, not the entire premium. Our calculator automatically applies the correct GST for each plan type so the displayed premium is exactly what you will pay.
LIC Bonus Explained — SRB, FAB, and Guaranteed Additions
LIC's traditional participating plans accumulate bonus over the policy term, which significantly adds to your maturity amount. Understanding how this works will help you appreciate why LIC policies can be more valuable than they first appear.
Simple Reversionary Bonus (SRB) is declared by LIC every year as a rate per ₹1,000 of Sum Assured. For example, if Jeevan Anand has an SRB of ₹48 per ₹1,000 SA and you have a ₹5 lakh policy, your annual bonus addition is ₹48 × 500 = ₹24,000 per year. Over 20 years, that is ₹4.8 lakh in accumulated SRB alone, before compounding effects.
Final Addition Bonus (FAB) is a one-time lump-sum bonus added at the time of maturity or death claim, based on how long the policy has been in force. It rewards policyholders who keep their policies running to term rather than surrendering early.
Guaranteed Additions (GA) are used in non-participating plans like Bima Jyoti, where instead of market-linked bonuses, LIC guarantees a fixed addition per year — making it entirely predictable.
LIC Term Plans vs Endowment Plans — Which Is Right for You?
This is one of the most debated questions in Indian personal finance. The right answer genuinely depends on your goals, but here is an honest comparison:
A term plan like LIC Tech Term (Plan 854) or Jeevan Amar (Plan 855) gives you pure protection — a very large cover (₹1 crore is common) for a very small premium. For a 30-year-old non-smoker male, a ₹1 crore cover costs as little as ₹9,000–10,000 per year for 30 years. There is zero maturity benefit — if you survive the policy term, you get nothing back. But financially speaking, you can invest the difference between a term premium and an endowment premium in mutual funds and likely end up far wealthier.
An endowment plan like Jeevan Anand or Jeevan Labh combines insurance and savings. The premium is much higher than a term plan for the same cover, but at maturity you receive your Sum Assured plus accumulated bonus — typically 2 to 3 times your total premiums paid. The effective return (XIRR) on these plans is usually 5–6% per year after all charges. This is lower than equity mutual funds over the long term but with zero market risk and with a guaranteed floor of your Sum Assured in case of death at any time.
Tax Benefits of LIC Policies
LIC policies offer some of the most favorable tax treatment of any financial product available to Indian taxpayers. Premiums paid are eligible for deduction under Section 80C up to ₹1,50,000 per year — covering premiums paid for yourself, your spouse, and dependent children. The maturity proceeds and death claim amounts are tax-free under Section 10(10D), provided the annual premium does not exceed 10% of the Sum Assured. Important note: Budget 2023 removed the 10(10D) exemption for traditional plans where annual premiums exceed ₹5 lakh per year — so for high-value policies, consult a tax advisor for your specific situation.
LIC Plans for Different Life Goals
Different LIC plans are genuinely better suited for different life situations. For young earners (age 22–30), starting a Jeevan Labh or Jeevan Anand plan early gives you the benefit of low premium rates and a long compounding window for the reversionary bonus. For parents planning for a child's education, Jeevan Tarun (Plan 934) provides a structured payout schedule aligned with higher education milestones. For those approaching retirement (age 50+), New Jeevan Shanti (Plan 858) or Jeevan Dhara II (Plan 872) provide guaranteed pension income for life. For anyone who wants maximum life cover at minimum cost, Tech Term (Plan 854) is LIC's most economical option.
Frequently Asked Questions — LIC Premium Calculator
Important Disclaimer
This LIC Premium Calculator is an independent educational tool and is not affiliated with or endorsed by the Life Insurance Corporation of India (LIC). Premium calculations, maturity estimates, and bonus projections are approximate and based on publicly available LIC rate tables updated for 2026. Actual premiums and benefits may vary based on exact date of birth, medical underwriting, policy riders, applicable taxes, and LIC's rate revisions. Bonus rates are illustrative and not guaranteed. Always consult a licensed LIC agent or visit licindia.in for official quotes and policy details. Nothing on this page constitutes financial or insurance advice.