LIC Premium Calculator 2026

Calculate estimated modal premiums, first-year and subsequent year GST charges, and riders for all popular LIC endowment and pension plans. Updated for 2026.

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Premium Details

Select LIC Plan

Proposer's Age (उम्र)30 Years

18 Years55 Years

Policy Term (पॉलिसी अवधि)20 Years

12 Years35 Years

Sum Assured (बीमा राशि)₹5,00,000

₹1,00,000₹20,00,000

Payment Frequency

Accidental Rider (ADB)

Premium Breakdown

Selected Plan:LIC New Jeevan Anand (Plan 715)

Payment Frequency:Yearly

Base Modal Premium:₹25,284

ADB Rider Cost included:+₹500

1st Year Premium

₹26,422

Includes 4.5% GST

2nd Year onwards

₹25,853

Includes 2.25% GST

80C Tax Saving Benefits

Estimated tax savings in the 30% regime.

₹8,412

Per Year

Want a better life cover than traditional LIC policies?

Traditional plans offer 5-6% returns with low life cover. Compare pure Term Insurance plans starting from just ₹440/month for a ₹1 Crore cover.

Compare Term Plans

LIC Premium Calculator

Use this tool to calculate your LIC policy premiums, including GST breakdown for first and subsequent years, and rider costs. This calculator requires JavaScript to function.

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What is the premium for a 5 Lakh LIC policy?

For a healthy 30-year-old buyer purchasing a ₹5 Lakh Sum Assured LIC Jeevan Anand (Plan 715) for a 20-year term, the annual premium is approximately ₹26,500 (before GST). The first-year premium with 4.5% GST is ₹27,692, dropping to ₹27,096 in subsequent years with 2.25% GST.

LIC Plan Premiums Comparison (₹5L SA, 30 Yr Proposer, 20 Yr Term)

LIC Plan Premiums Comparison details
LIC Policy Plan	Type of Plan	Approx. Annual Premium	Key Benefit
Jeevan Anand (Plan 715)	Endowment + Whole Life	₹26,500	Maturity + Lifetime cover
Jeevan Labh (Plan 736)	Limited Premium Endowment	₹23,200	High bonus rates
Jeevan Lakshya (Plan 733)	Endowment (Child Education)	₹25,800	Waived premium + Annual income
New Endowment (Plan 814)	Classic Savings Endowment	₹24,500	Guaranteed basic returns

Understanding LIC Premium Structures

LIC premium calculations depend on multiple variables. Proposers can optimize their premiums by choosing:

Yearly mode to save 2% on administrative overhead loadings.
Higher Sum Assured values (₹5 Lakhs+) to unlock high cover premium discounts.
Pure term insurance if the primary goal is high life coverage rather than investment savings.

Once you have calculated your premium, you can project your future returns using our LIC Maturity Calculator or compare returns against bank FDs with our LIC vs FD Calculator.

एलआईसी प्रीमियम कैलकुलेटर — LIC Premium Calculator in Hindi

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एलआईसी प्रीमियम कैलकुलेटर — LIC Premium Calculator in Hindi

एलआईसी प्रीमियम कैलकुलेटर (LIC Premium Calculator) 2026. अपने पसंदीदा प्लान (जीवन आनंद, जीवन लाभ, जीवन लक्ष्य, न्यू एंडोमेंट) का वार्षिक, अर्धवार्षिक, तिमाही या मासिक प्रीमियम चेक करें।\n\nप्रथम वर्ष में पारंपरिक योजनाओं पर 4.5% GST लगता है, जो दूसरे वर्ष से घटकर 2.25% हो जाता है। आकस्मिक मृत्यु लाभ (ADB) राइडर चुनने पर प्रीमियम में लगभग ₹1 प्रति ₹1,000 की मामूली वृद्धि होती है। सभी प्रीमियम भुगतानों पर Section 80C के तहत टैक्स छूट मिलती है।

LIC Plan-wise Bonus Rates 2026Read article →Is LIC Maturity Taxable? Section 10(10D)Read article →

Frequently Asked Questions

Traditional LIC policies (Endowment, Whole Life, Money Back) charge 4.5% GST on the base premium in the first policy year. From the second year onwards, the GST rate drops to 2.25%. For pure term insurance plans, a flat 18% GST is applied in all policy years.

Paying premiums monthly or quarterly requires additional administrative work, so LIC charges frequency-loading factors. Generally, yearly payments receive a 2% discount on the base premium, and half-yearly payments get a 1% discount. Quarterly and monthly modes are charged at standard par values without discounts.

Yes, LIC offers a Sum Assured Rebate (discount) on traditional policies when you select a larger coverage amount. For example, in New Jeevan Anand, policies with ₹2,00,000 to ₹4,99,000 Sum Assured get a rebate of ₹1.50 per ₹1,000 SA. Policies with ₹5,00,000 SA and above get a higher rebate of ₹2.00 to ₹3.00 per ₹1,000 SA.

Yes, monthly premium payments are only permitted through NACH (National Automated Clearing House) or direct auto-debit mandates from your bank account. Manual cash or online counter payments are not allowed for monthly modes to prevent policy lapse issues.

The ADB rider offers double the Sum Assured payout in case of accidental death. The premium for this rider is very economical, typically ₹1 per ₹1,000 Sum Assured per year (e.g. ₹500/year for a ₹5 Lakh Sum Assured), subject to standard proposer age limits.

Yes, the premiums paid for yourself, your spouse, or your children are eligible for tax deductions under Section 80C of the Income Tax Act up to a maximum limit of ₹1,50,000 per year. Note that this deduction is only available if you choose the old tax regime.

LIC offers a grace period of 30 days for yearly, half-yearly, and quarterly premium payment modes. For monthly payments, the grace period is restricted to 15 days. If premiums are not paid within this grace period, the policy lapses.

LIC premiums increase with the age of the proposer because the mortality risk rises. A 20-year-old buying a ₹5 Lakh Jeevan Anand policy for 20 years will pay a significantly lower premium than a 45-year-old choosing the exact same policy terms.