LIC Amritbaal Premium Calculator

LIC Amritbaal Premium Calculator- An Overview

LIC Amritbaal Calculator is an online tool offered by the LIC of India that helps policyholders estimate the premiums they need to pay for their LIC Amritbaal policy. Not just this, the calculator also allows policyholders to calculate the maturity amount, which can help policyholders plan their future finances better.
With the help of this calculator, the policyholder can plan their child’s future in a better way.

What are the Benefits of the LIC Amritbaal Calculator?

Below mentioned are some of the benefits one can avail of by using the LIC Amritbaal Premium & Maturity calculator:

• Time-Saving: Calculating premiums or maturity amounts of LIC Policy can be time-consuming, especially if you have to do it manually. However, with a LIC calculator, you can get quick results in just a few clicks, saving you time and energy.

• Budget Planning: The LIC Amritbaal calculator helps with budget planning. By calculating premiums beforehand using the online premium calculator, individuals can plan their finances by knowing how much monthly or annual premium they need to set aside.

• Quick & Accurate Results: The calculator calculates premiums and maturity amounts based on age, policy term, sum assured, etc. As a result, you can be sure that the results you get are accurate. 

• Transparency: Using the LIC Calculator also adds transparency and enables individuals to know exactly how much they will pay as premiums and how much they can expect to receive upon maturity.

Sample Premium Illustration

Here are examples of the estimated premiums for a Basic Sum Assured of Rs 5 Lakh, covering individuals who are 5 years old and opting for a policy term of 20 years. These examples show the Limited Premium (paying premiums for a specific period) and Single Premium (paying the entire premium at once) payment options. 

Limited Premium:

Single Premium:

What are the factors to consider while using the LIC Amritbaal Premium Calculator?

• Provide Accurate Information: 

  Ensure all the information you provide in the LIC Amritbaal calculator is accurate. This includes details such as the child's age, desired sum assured, premium paying term, etc. 

• Consider Future Needs: 

  Evaluate your future needs and expenses when using the calculator. This could include education expenses, marriage costs, or any other financial goals you have for your child. You can ensure the policy provides adequate coverage by accurately inputting these future needs.

• Review Results Carefully:

  Review the calculator's results. Pay attention to details such as premium amounts, maturity benefits, and coverage details. This will help you understand the policy's terms and make an informed decision.

How to Calculate LIC Amritbaal Premiums?

Calculating LIC Amritbal Premiums using the LIC calculator is easy and quick. Just follow the below steps and plan accordingly:

Step 1: Visit the official website of LIC of India

Step 2: On the homepage, select “Premium Calculator” from the right-side menu

Step 3: On the next page, fill in your personal details, such as your full name, DOB, and contact details.

Step 4: Once done, you will be directed to the page where you need to select “LIC Amritbaal”

Step 5: Fill in the details such as policy tenure, PPT, sum assured, etc.

Step 6: After submitting the above details, you will get the exact premium you need to pay for your LIC Amritbaal policy.

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