Prices Increasing Soon
LIC Yuva Term Plan Calculator is an online tool designed to help prospective policyholders understand the premium, coverage, and benefits associated with the policy. The calculator estimates the premiums payable, and the maturity amount the policyholder will receive and helps them plan their financial future.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
The LIC Yuva Term Plan is a pure term insurance policy for young adults, typically aged 18 to 45. The plan offers substantial life cover at affordable premiums, making it a cost-effective option for young earners. The primary objective of the LIC Yuva Term Plan is to provide financial protection to the policyholder's family in the event of their untimely demise.
Term Plans
Affordable Premiums: Since it targets young adults, the premiums are typically lower than traditional term plans.
High Sum Assured: This plan provides a substantial sum assured to offer financial security to the policyholder's family.
Flexible Tenure: Policyholders can choose the policy term based on their requirements.
Tax Benefits: Premiums paid under the plan are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.
The LIC Yuva Term Plan Calculator is an online tool that estimates the premiums prospective policyholders would need to pay for a chosen sum assured and policy tenure. This calculator helps young buyers plan their budget by giving them a clear picture of the monthly or annual commitment required for life insurance coverage.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
Quick Premium Estimation: By entering a few basic details like age, sum assured, and policy tenure, the calculator instantly provides an estimated premium amount.
Flexible Options: The calculator allows users to adjust the sum assured and tenure to find the best-fit premium for their budget.
Informed Decision-Making: The calculator enables prospective buyers to make informed decisions by showing how different parameters affect the premium.
Using the LIC Yuva Term Plan Calculator is simple and user-friendly. Here’s a step-by-step guide:
Step 1: Visit LIC of India
Step 2: Enter Age and Gender, and choose the coverage amount you want.
Step 3: Set the duration for which you want coverage. Longer tenures usually lead to higher cumulative premiums but ensure long-term security.
Step 4: The LIC Yuva Term Plan offers optional riders, such as accidental death and disability benefits. Adding riders can increase the premium slightly, but they enhance the scope of coverage.
Step 5: Click the “Calculate” button to get an instant estimate of the premium based on the information provided.
The calculator will display the premium amount based on your inputs, giving you a realistic view of the financial commitment required for the policy.
For young adults, the LIC Yuva Term Plan has multiple advantages that make it a viable choice:
Financial Security for Family: The high sum assured ensures that the policyholder’s family will not face financial difficulties if the unexpected happens.
Affordable Premiums: The younger you are, the lower your premium. This makes it easy for young people just starting their careers to afford a robust life insurance plan.
Flexibility: The plan allows policyholders to tailor coverage to their needs by choosing the sum assured and tenure.
No Maturity Benefit: Since it’s a pure term plan, there is no maturity benefit, but this means the focus is purely on protection, keeping premiums low.
The LIC Yuva Term Plan Calculator is an effective tool for young individuals to understand the cost of life insurance protection. It brings transparency to the insurance planning process by helping users estimate their premiums and adjust their plans as needed. With its high coverage at affordable rates, the Yuva Term Plan is an excellent choice for young adults looking to secure their financial future. Whether a fresh graduate or a young professional, investing in a term plan early ensures you are prepared for life’s uncertainties, providing peace of mind for you and your loved ones.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
The HDFC Click 2 Protect Ultimate is a term insurance plan that
Read more
Doctors are the backbone of society, dedicating their lives to
Read more
Max Life Smart Secure Plus plan is a comprehensive term
Read more
Studying abroad is a dream for many Indian students. The allure
Read more
Annual Renewable Term Insurance (ATR) is tailored for short-term
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
