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Earlier in one of previous posts LIC of India - Online premium payment we had discussed how to pay LIC premium online. In the same process you can also find out the premium amount of various LIC policies online.
To do this, register in the portal www.licinida.in as stated in the above referred post. After logging in go to the bottom left hand side link "premium calculator" as shown below.(click on the image to get an enlarged view)
Then select the plan for which you want the premium to be calculated. It leads you to a screen where you should give personal details like DOB, policy term, sum assured etc.,(click on the image to get an enlarged view)
Click on "calculate premium" button and the results will be displayed similar to the image given below"-
Nice post. I tried earlier but wan able to use the calculator as I faced some errors while doing so. Now as you have explained it step by step and even showed the picture of related step it will now be easy to follow. Thanks.
ReplyDeletecommercial insurance
I was looking earlier for this kind of easy tool because i found very difficulty to calculate my premium manually. When i use Life Insurance Premium Calculator the step by step accurate result shown me about my premium. Premium Calculator is such a great tool for calculation.
ReplyDeleteThanks for the post
ReplyDeleteA term insurance calculator refers to an online calculator that helps in computing the premium cost you need to pay for your policy. The term insurance calculator considers various factors like age, occupation, medical history, lifestyle habits, sum assured, premium payment frequency and policy term, etc., and then determine the premium. The calculators are readily available on almost all insurance websites. Hence, you can use specific calculators offered by various insurers to evaluate the premiums of the term insurance policies they offer.
While using the term insurance calculator, you need to provide all these details including, the insurance coverage, tenure, occupation, habits, premium payment frequency (as mentioned above) and more to determine the premium rate. Once you decide upon the premium rate and the term plan, you can buy the policy online. For more information visit:https://bimakaro.in/ik/term-life-insurance/term-insurance-calculator-what-is-it-and-how-it-works-710