LIC Premium Calculator FAQ
Quick answers to common LIC calculator questions, like "How is LIC premium calculated?"
How accurate is an LIC premium calculator?
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Our calculator gives close estimates using LIC’s standard formulas, but actual results may vary due to official rules. Tip: Check your policy document for exact figures.
Do I need personal info for an LIC calculator?
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No, just enter age, sum assured, and term—no PAN or bank details needed. Tip: Use incognito mode for privacy.
Is this LIC calculator site official?
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No, we’re an independent tool to simplify LIC calculations. Tip: Visit licindia.in for official quotes.
Why does my LIC calculator show wrong results?
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Check your inputs like age or term. Still wrong? Ask an LIC agent. Tip: Use entry age, not current age.
Can I use an LIC calculator for tax planning?
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Yes, but confirm Section 80C/10(10D) benefits with a tax expert. Tip: Log premiums for deductions.
How is LIC premium calculated?
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It uses age, sum assured, term, policy type, and bonuses. Results are estimates—check LIC rates. Tip: Include rider costs.