A calculator option is given in the right site on the LIC website. By clicking it, you can go to the section of the calculator and get all the information in just a few minutes.
LIC, the country’s largest government insurance company, keeps informing its customers about its services from time to time. So that you do not have to face any kind of problems. Even today, a large section of the country, which has to buy the policy, goes to the agent. But today we are going to tell you about the premium calculator of LIC. Through which you will be able to easily know in a single click how much money you have to deposit for the policy you want to take.
The most important thing about the premium calculator is that you do not have to go to any agent for this, you can easily do this work within a few minutes of sitting at home. Not only the premium of your policy, but all the things that you want to know, you can get all the information sitting at home in just one click.
What is a premium calculator
LIC premium calculator is provided to all customers. This is to make your life simple and easy. Through this, you can know how much amount you have to deposit for a particular policy. This allows customers to think and choose their plan after it is clear from the amount of premium and the amount of return they get. The biggest advantage of this is that when you check a policy through this calculator, then there is no hidden amount in it.
Understand the whole process like this
Suppose you have to buy a policy of 50 lakh rupees. So by going to the premium calculator, you can easily know how much you will have to pay every month or quarterly or annually for this. Also, its advantage is that the agent’s commission is also not included in it.
How is the calculation
The premium to be paid towards LIC depends on the plan you choose. Suppose a healthy person who is more than 30 years of age will be charged a lower premium than those above the age of 50 years. If you smoke cigarettes, alcohol or any other drugs, then your premium increases. A parameter to decide the premium is also how much the policy holder needs to pay.
Present on LIC’s website
As such, many companies provide this service. But you can take advantage of this facility from the LIC website. A calculator option is given in the right site on the LIC website. By clicking it, you can go to the section of calculator. Here, you have to fill some basic information. For example, after filling this name, age, date of birth, gender, mobile number, e-mail ID, you have to select which policy to take for how many years. After filling it, the calculator tells you how much premium you will have to pay for the policy you want to take.