LIC 15 years plan calculator Planning your financial future often involves selecting a reliable savings and insurance option. One such trusted choice for millions of Indians is LIC (Life Insurance Corporation of India). If you’re eyeing a secure 15-year savings plan, comprehension how to calculate premiums and estimate returns becomes crucial. That’s where the LIC 15-Year Plan Calculator comes into play — a simple yet powerful tool that helps you predict how much you’ll invest and what you’ll gain at the end of the term.
Whether you’re saving for your child’s education, a future home, or simply aiming for long-term wealth creation, this Lic 15 years plan calculator gives you clarity and control over your financial decisions. With just a few basic inputs like age, policy term, and sum assured, you can instantly get an estimate of the premium you’ll pay and the maturity amount you can expect. It’s a smart first step before making any commitments, ensuring your investment aligns with your financial goals and risk comfort.
The LIC 15-Year Plan: What is it?
The LIC 15-Year Plan is an investment and insurance plan that ensures guaranteed returns and financial stability. It is a balanced plan for retirement investment, children’s education, or just low-risk saving.
| Details of the Features | Specifics |
| Policy Duration | 15 Years |
| Minimum age of entry | 18 Years |
| Maximum age of entry | 55 Years |
| Taxation Benefits | Under Sections 80C and 10(10D) |
What is the LIC 15-Year Plan Calculator?
Lic 15 years plan calculator is a simple computer program that helps you to calculate premiums and maturity values. It simplifies financial planning by showing you expected returns for a specified sum assured and policy term. You just need to enter your age, sum insured, premium frequency, and policy term to find instant results. It is best helpful for you if you are considering LIC’s 15-year plans like Jeevan Labh or Endowment plans.
It calculates the estimated bonuses and sum assured value, and thus gives you a picture of financial transparency. By comparing different premium modes and sum assured values, it helps in a selection of a plan. It is completely free of cost, simple, and available at LIC website or associate insurance company website. It offers transparency as well as saving time, thus makes better investments.
Benefits of Using LIC 15-Year Plan Calculator
It gives instant premium and maturity estimates based on your inputs—no manual calculation needed. You can compare multiple plans easily to find one that fits your financial goals and budget. It helps in better financial planning by giving clarity on returns, premiums, and policy value upfront.
| Policyholder Age | Sum Assured | Annual Premium | Total Premium (15 yrs) | Estimated Maturity |
| 30 Years | ₹2,00,000 | ₹14,300 | ₹2,14,500 | ₹2,80,000 – ₹3,00,000 |
How to Use the LIC 15-Year Plan Calculator Online
After reaching the calculator page, enter required details: your age, desired sum assured, policy term (15 years), and premium payment frequency (monthly, quarterly, half-yearly, or annually). Certain calculators will also require additional details such as gender and smoking status to give more precise estimates. Upon entering the required details, the calculator will show the estimated premium figures and possible maturity benefits depending on the chosen LIC plan.
Why Choose LIC’s 15-Year Plan Over Other Plans?
Lic 15 years plan calculator give a balanced mix of insurance coverage and guaranteed savings. They are appropriate for medium-term goals like education for children or building a safety fund. LIC’s long tradition of trust, government backing, and stable bonus history increase reliability. The plans offer flexible premium payment options and loan facility options if needed.
Returns include sum assured and the vested bonuses, thus raising the maturity value. They are lower in risk compared to market-linked options, and therefore they suit conservative investors. Section 80C and Section 10(10D) tax relief of the Income Tax Act also accompany it. Having served for over six decades, LIC provides serenity and fiscal security.
Premium Payment Options Available
LIC provides flexible methods of premium payment that are appropriate for different levels of economic comfort. Premiums can be paid yearly, half-yearly, quarterly, or monthly through ECS. There are facilities of single premium and limited premium under some plans of LIC. The flexibility in this manner means that policyholders are not required to undergo financial hardships in order to maintain consistency.
How Returns Are Calculated in LIC 15-Year Plan
Returns in LIC’s 15-year plans consist of guaranteed benefits and bonus declarations. You get a sum assured with reversionary bonuses along with a possible terminal further bonus. Bonuses are determined by LIC’s yearly performance and accumulate in the policy. Your maturity value therefore increases as these bonuses add up over the policy duration.
Who Can Invest in This Plan?
LIC 15-year plans are ideal for investors who desire stable returns with life insurance cover. Salaried, small businessmen or anyone who wants to invest for medium-term needs, LIC 15-year plans are ideal for them. Parents looking to save for the education of the child in a good college or marriage can achieve steady growth. It is also perfect for conservative investors who desire low-risk guaranteed returns as a hedge to market volatility. Pre-retirees or retirees looking to invest in a secure, disciplined savings instrument with tax benefits must invest in it.
It also invites first-time policyholders to instill the discipline of saving and insuring. If you are interested in a corpus return after 15 years with minimal exposure to the market, then it is suitable for you. It is well placed for those who prefer predictability, safety, and organized long-term fund planning.
Top LIC Plans Providing 15-Year Tenure Benefit
LIC offers a range of safe plans which are appropriate for 15-year term with guaranteed returns. LIC Jeevan Labh, LIC New Endowment Plan, and LIC Jeevan Anand are some of the popular products. The policies offer protection for life plus maturity value—appropriate for conservative investors. The policies are appropriate for long-term planning needs such as children’s education or retirement corpus.
Wrapping Up
The LIC 15-Year Plan Calculator is a calculator and more than that – your planning buddy. By providing you with a clear vision of your investment and return, it enables you to take wise, confident decisions for yourself. Whether you are purchasing policy for the first time or are an old time investor, the instrument makes it simple and fills planning with confidence.
Do use the calculator with patience, consider plans, and see how both can be harnessed for creating your own long-term riches. Used the right way, LIC’s plan for 15 years can serve as a solid pillar of your financial portfolio with security, saving, and ease of mind, years ahead to come.
FAQs
What is the LIC 15-Year Plan Calculator used for?
The Lic 15 years plan calculator helps you to calculate your premium and maturity amount. It uses your input like age, sum assured, and frequency of premium payment to give an accurate calculation, hence helping you to plan your savings and insurance investment.
Is the LIC 15-Year Plan Calculator free?
Yes, the calculator is completely free of cost and is available on the LIC website and most third-party financial websites. You don’t need to sign up or log in — just enter your inputs and receive instant results.
Can I use the calculator for different LIC plans with 15-year tenures?
Yes, you may use the calculator for any LIC policies having a Lic 15 years plan calculator policy term, like Jeevan Labh, New Endowment Plan, and Jeevan Anand. Please note to enter the correct plan name while computing.
What are the bonuses in the LIC maturity value?
The value of maturity is the Sum Assured, Lic 15 years plan calculator simple reversionary bonuses declared annually and a Final Additional Bonus (FAB), as applicable. They clearly impact increasing your return on investment.
Can I change my sum assured after purchasing the LIC policy?
No, the sum guaranteed cannot be changed after the policy is issued. Lic 15 years plan calculator, But you can add riders for additional benefits or purchase a new policy of a different sum according to the varying financial needs.