Introduction:
LIC Jeevan Lakshya is a non-linked, with-profits endowment plan that provides financial security to the policyholder’s family in case of their unfortunate demise. The plan also has maturity benefits if the policyholder survives the policy term. The premium calculator is an essential tool for anyone considering LIC Jeevan Lakshya as it helps determine the premium amount and the policy benefits.
What is LIC Jeevan Lakshya Premium Calculator?
The LIC Jeevan Lakshya Premium Calculator is an online tool that helps calculate the premium amount payable for the Jeevan Lakshya policy. It takes into account various factors such as the policy term, the sum assured, age, etc., to determine the premium amount.
The calculator is available on the official website of LIC, and anyone can use it by entering some basic information about themselves and the policy they wish to purchase. It saves time and effort that would otherwise be spent manually computing the premiums.
How does the LIC Jeevan Lakshya Premium Calculator work?
The LIC Jeevan Lakshya Premium Calculator functions based on the inputs provided by the user. The following are the details required to calculate the premium:
Policy Term: The user must select the policy term from the available options.
Sum Assured: The sum assured is the amount of money that will be paid out in case of the policyholder’s death or at the end of the policy term.
Age: The age of the policyholder at the time of taking the policy.
Gender: Male or Female.
Once the user enters these details, the calculator uses complex algorithms to compute the premium amount. The final figure depends on various factors, such as the policyholder’s age, gender, health condition, the sum assured, etc.
How is LIC Jeevan Lakshya maturity amount calculated?
The maturity amount of LIC Jeevan Lakshya plan depends on the sum assured, bonuses, and other benefits that accrue during the policy term. The policyholder can choose the premium payment mode – monthly, quarterly, bi-annually, or annually. The maturity amount is calculated as the sum of the sum assured and accumulated bonuses minus any outstanding dues.
Is LIC Jeevan Lakshya a good policy?
LIC Jeevan Lakshya is a popular endowment plan from LIC, which offers both life insurance protection and savings benefits. The policy has a fixed policy term and provides financial security to the policyholder’s family in case of untimely death. Additionally, the policy also has a maturity benefit if the policyholder survives the policy term. Overall, LIC Jeevan Lakshya is a good policy for those who want both life insurance coverage and savings benefits.
What is the paying term of LIC Jeevan Lakshya premium?
The paying term of LIC Jeevan Lakshya premium is the duration for which the policyholder needs to pay the premiums. It is typically shorter than the policy term and can be chosen at the time of purchasing the policy. The paying term can be 3 years, 4 years, or 5 years, depending on the policyholder’s choice.
How is LIC premium calculated?
LIC premium is calculated based on various factors such as the policy type, policy term, sum assured, age, gender, health condition, smoking habits, etc. The premium amount is determined using actuarial calculations, which take into account these factors to assess the risk involved. The premium can be paid in different modes such as monthly, quarterly, bi-annually, or annually.
LIC Jeevan Lakshya 933 premium calculator The LIC Jeevan Lakshya 933 premium calculator is an online tool that helps calculate the premium payable for the LIC Jeevan Lakshya plan with a sum assured of Rs. 5 lakhs. It takes into account various factors such as age, gender, policy term, sum assured, etc., to determine the premium amount payable.
LIC Jeevan Lakshya plan 833 maturity calculator The LIC Jeevan Lakshya plan 833 maturity calculator is an online tool that helps calculate the maturity amount payable for the LIC Jeevan Lakshya plan. It takes into account various factors such as the sum assured, bonuses, and other benefits that accrue during the policy term.
LIC Jeevan Lakshya calculator excel The LIC Jeevan Lakshya calculator in Excel is a customized version of the online premium calculator that can be downloaded and used on Microsoft Excel. It enables users to calculate the premium amount payable for the LIC Jeevan Lakshya plan by entering some basic information such as age, gender, policy term, sum assured, etc.
LIC Jeevan Lakshya calculator in Hindi The LIC Jeevan Lakshya calculator in Hindi is an online tool that helps calculate the premium amount payable for the LIC Jeevan Lakshya plan using the Hindi language. It is designed to cater to non-English speaking users who prefer to use Hindi as their primary language.
Jeevan Lakshya (833 plan details pdf) Jeevan Lakshya (833 plan details pdf) is a document that contains detailed information about the LIC Jeevan Lakshya plan, including its features, benefits, premium payment options, policy term, eligibility criteria, etc. It can be downloaded from the official LIC website or obtained from LIC branches.
LIC Jeevan Lakshya premium calculator in Tamil The LIC Jeevan Lakshya premium calculator in Tamil is an online tool that helps calculate the premium amount payable for the LIC Jeevan Lakshya plan using the Tamil language. It is designed to cater to non-English speaking users who prefer to use Tamil as their primary language.
What is LIC Jeevan Lakshya Premium Calculator?
LIC Jeevan Lakshya Premium Calculator is an online tool that helps calculate the premium amount payable for the LIC Jeevan Lakshya plan.
How can I access LIC Jeevan Lakshya Premium Calculator?
You can access LIC Jeevan Lakshya Premium Calculator on the official LIC website.
Is LIC Jeevan Lakshya Premium Calculator user-friendly?
Yes, LIC Jeevan Lakshya Premium Calculator is designed to be user-friendly and easy-to-use.
What information do I need to provide to use LIC Jeevan Lakshya Premium Calculator?
To use LIC Jeevan Lakshya Premium Calculator, you need to provide basic details such as age, gender, policy term, sum assured, etc.
Is LIC Jeevan Lakshya Premium Calculator accurate?
Yes, LIC Jeevan Lakshya Premium Calculator is accurate and provides a close estimate of the premium amount payable for the LIC Jeevan Lakshya plan.
Can I change the inputs provided in LIC Jeevan Lakshya Premium Calculator?
Yes, you can change the inputs provided in LIC Jeevan Lakshya Premium Calculator as per your requirement and re-calculate the premium amount payable.
Can I use LIC Jeevan Lakshya Premium Calculator for other policies?
No, LIC Jeevan Lakshya Premium Calculator is specifically designed for the LIC Jeevan Lakshya plan and cannot be used for other policies.
Is LIC Jeevan Lakshya Premium Calculator available in regional languages?
Yes, LIC Jeevan Lakshya Premium Calculator is available in regional languages such as Hindi and Tamil.
Can I save the results obtained from LIC Jeevan Lakshya Premium Calculator?
Yes, you can save the results obtained from LIC Jeevan Lakshya Premium Calculator for future reference.
Is it mandatory to use LIC Jeevan Lakshya Premium Calculator before purchasing the policy?
No, it is not mandatory to use LIC Jeevan Lakshya Premium Calculator before purchasing the policy, but it is recommended as it helps you make an informed decision.
Conclusion:
The LIC Jeevan Lakshya Premium Calculator is a useful tool that enables potential policyholders to calculate the premium amount payable for the Jeevan Lakshya policy accurately. It saves time and effort that would otherwise be spent manually computing the premiums. Anyone can use the calculator by entering some basic information about themselves and the policy they wish to purchase. The premium calculator uses complex algorithms to compute the premium amount, taking into account various factors such as the policy term, the sum assured, age, etc. Using the premium calculator can help individuals make informed decisions while purchasing the LIC Jeevan Lakshya policy, ensuring that they get the best plan that suits their needs and budget.
