How to Use LIC Calculators: Step-by-Step Guide 2026

July 2, 2026 · 8 min read · Beginner-friendly

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New to LIC calculators? This step-by-step guide will show you exactly how to use our free LIC premium, maturity, SIP, EMI and other calculators. By the end, you'll be able to calculate premiums, share results on WhatsApp, and save them as PDF in less than 2 minutes.

Quick Navigation

Step 1: Open the LIC Premium Calculator

Visit liccalculator.app/lic-premium-calculator.html in your browser. The page loads instantly — no login, no sign-up.

Step 2: Select Your LIC Plan

From the "LIC Plan" dropdown, choose the plan you want to calculate for. We support all 9 major LIC plans including 714, 715, 720, 721, 733, 736, 745, 883 and 149.

Step 3: Choose Premium Payment Mode

Select how often you want to pay premiums:

  • Yearly — 1 payment per year (default)
  • Half-Yearly — 2 payments per year (1.5% rebate)
  • Quarterly — 4 payments per year (2.25% rebate)
  • Monthly — 12 payments per year via SSS (4.5% rebate)

Step 4: Enter Your Age and Policy Term

Type your current age (LIC uses Nearest Birthday method) and the policy term in years (e.g., 20, 25, 30). The calculator will automatically update results as you type.

Step 5: Enter Sum Assured

Type the Sum Assured (Basic Sum Assured) you want in ₹. For example, ₹1,00,000 to ₹50,00,000. Most LIC plans have a minimum of ₹1,00,000 to ₹2,00,000.

Step 6: Add Optional Riders (Optional)

Tick the boxes for AD&DB Rider (Accidental Death & Disability Benefit) and/or Term Rider (additional life cover) if you want them.

Step 7: View Your Results

Once you enter your details, the calculator instantly shows:

  • 📊 Yearly Premium (with GST)
  • 📊 Half-Yearly, Quarterly, Monthly premiums
  • 📊 Sum Assured
  • 📊 Accrued Bonus (estimated)
  • 📊 FAB (Final Addition Bonus) (estimated)
  • 📊 Total Benefits at maturity

You'll also see a success animation confirming the calculation is complete.

For Maturity Calculator: Add LIC Plan & Premium

The LIC Maturity Calculator uses the same inputs as the Premium Calculator, but the results focus on:

  • Total maturity benefit (SA + bonus + FAB)
  • Survival benefits for money-back plans (year 5, 10, 15, 20)
  • Total premiums paid vs total benefits received
  • Effective return on investment

For SIP Calculator

The SIP Calculator is simpler:

  1. Enter monthly SIP amount in ₹ (e.g., ₹5,000)
  2. Drag the slider for expected return rate (e.g., 12%)
  3. Drag the slider for time period (e.g., 10 years)
  4. See the future value of your SIP instantly

For Home Loan EMI Calculator

The Home Loan EMI Calculator works like this:

  1. Enter loan amount (e.g., ₹25,00,000)
  2. Set the interest rate slider (e.g., 8.5% p.a.)
  3. Set the tenure slider (e.g., 240 months / 20 years)
  4. See the monthly EMI, total interest, total payable, and a year-wise amortization schedule

How to Share Results on WhatsApp

After your calculation, scroll to the bottom of the result box. You'll see a green "Share on WhatsApp" button.

  1. Click the "Share on WhatsApp" button
  2. WhatsApp opens (app on mobile, web on desktop) with a pre-filled message containing:
    • Your plan name
    • Your inputs (age, term, SA)
    • The calculated results
    • A link back to the calculator
  3. Choose a contact or group to send to
  4. Tap send

This is perfect for sharing quotes with your spouse, family or LIC advisor.

How to Save Results as PDF

To save just the calculation result (without ads, navigation, or other clutter):

  1. After your calculation, click the "Print / Save as PDF" button in the result area
  2. Your browser's print dialog opens
  3. Choose "Save as PDF" as the destination (in Chrome, Edge) or use "Print to PDF" (in Firefox, Safari)
  4. Click Save

The PDF contains only your calculation result — no website navigation, no ads, no clutter. Perfect for printing and keeping records.

Tips for Best Results

  • ✅ Use real inputs — enter your actual age and desired Sum Assured for realistic estimates.
  • ✅ Compare modes — switch between yearly, monthly, etc. to see the total cost difference.
  • ✅ Try multiple plans — use the plan selector to compare 2-3 plans side by side.
  • ✅ Include riders — AD&DB and Term Rider add real value for a small cost.
  • ✅ Save your results — use the PDF export to keep a record for future reference.
  • ✅ Check with LIC — these are indicative estimates; verify the final premium with LIC or your agent.

Troubleshooting

My result looks different from my LIC policy document

Our calculator uses indicative tabular rates and current bonus rates. The actual premium and bonus in your policy document is final. Verify with LIC for the exact numbers.

Can I use the calculator on my phone?

Yes! All our calculators are fully mobile-responsive and work on any device — phone, tablet, or desktop.

Is my data stored anywhere?

No. All calculations happen in your browser. We don't store your age, income, or any personal data.

Try the Calculators Now

You're ready to start calculating! Pick a tool below: