LIC Jeevan Chhaya Plan 103 Maturity Calculator

LIC Jeevan Chhaya Plan Maturity Calculator- An Overview

LIC Jeevan Chhaya 103 Maturity Calculator is an online tool offered by LIC. It calculates the maturity benefits offered by the plan. The tool can be adjusted until you reach your desired coverage against premiums that fit your budget. Since every user makes financial decisions differently, the tool ensures that every user gets a personalized approach. 

About LIC Jeevan Chhaya Plan 103

LIC Jeevan Chhaya was designed to offer monetary benefit in the form of the death benefit and regular returns for the last 4 years of the policy. The entitled returns shall be equal to one-fourth of the basic sum assured and is payable whether the policyholder lives or dies. This benefit is in addition to the sum assured on death that is guaranteed to the policyholder’s family, provided that the policy is in force and due premiums have been paid. The premiums against the policy can be paid monthly, quarterly, half-yearly, or yearly.

The entitled benefits can be calculated prior to purchase using the LIC Jeevan Chhaya Plan 103 Maturity Calculator. Let’s understand this tool in more detail. 

Benefits Of The LIC Jeevan Chhaya Plan 103 Maturity Calculator

• The LIC maturity calculator offers accurate results as per the inputs of each user which guarantees a personalized approach as per one’s needs. 

• Riders can be opted for with this plan and the maturity calculator will reflect the change in the benefit amount and the respective premiums if one is chosen. 

• The tool takes into consideration the age of the policyholder, the policy term, sum assured on maturity and death, premium payment options to offer the most accurate estimates.

• The tool also eliminates any miscommunication that could happen while talking to an agent. 

• The results are instant and the tool can be accessed from the comfort of your home. 

• If you feel like the maturity benefit or returns are not as per your expectations, you have the option to tweak the inputs to arrive at your desired coverage. 

Eligibility Of LIC Jeevan Chhaya Plan 103 

Now withdrawn, the plan was designed to offer combined benefits of savings as well as protection. While using the LIC Jeevan Chhaya maturity calculator, it is important to know the eligibility criteria to fill the data correctly. The following table highlights the eligibility criteria of LIC Jeevan Chhaya. 

How To Use The LIC Jeevan Chhaya Plan 103 Maturity Calculator? 

Step 1: Visit the official website of LIC. Alternatively, you can download the LIC mobile application.

Step 2: Under its online portal, choose Premium Calculator. 

Step 3: From the listed plans, choose the one for which you need the calculation to be done. 

Step 4: Fill in the requested details according to your requirements. Remember the eligibility criteria discussed above. 

Step 5: The tool will display the maturity benefit and the premiums payable against it.

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