LIC Life Insurance Premium Calculator Formula - Life insurancemay be divided into two basic classes: temporary and permanent; or the following subclasses: term, universal, whole life, and endowment life insurance. Term insurance Group life insurance ...
Bonus Amount = Bonus Rate x (Sum Assured/1000) For instance, You have bought a policy New Children Money Back Plan (832) with a sum assured of Rs. 10 lakhs and the policy term is 25 years. The bonus declared for terms above 20 years is Rs. 38 (for the year 2021-22). Let’s ...
LIC’s New Tech-Term is a Non-Linked, Non-participating, Individual, Pure Risk Premium Life Insurance Plan. This Online plan provides financial protection to the insured’s family in case of his/her unfortunate death during the policy term. This plan shall be available Online only directly thr...
4. HLV CALCULATOR : With this option any existing policy holder or the prospective customer can check his human life value to buy insurance for himself and to check whether he/she is adequately insured. 5. POLICIES: This options is created specially for the existing policy holders and for the...