Searching for a quick and easy method to figure out the premiums, maturity value, and lifetime benefits of your LIC Whole Life Policy? Our LIC Whole Life Policy Calculator is intended to provide you with immediate, accurate, and customised estimates.
This calculator offers GEO-targeted results based on your city’s insurance trends and cost of living, regardless of where you live in India—Delhi, Mumbai, Bangalore, Kolkata, or any other city.
LIC Whole Life Policy Plans
Why Use LIC Whole Life Policy Calculator?
Instant Premium Estimates: Find out exactly how much you must pay each month or each year.
Lifetime Coverage Insights: Find out how much money your family will receive.
Plan Comparison Made Simple: Find the LIC Whole Life Policy that best suits your objectives and financial situation.
Designed specifically for Indian cities: Our calculator helps you make plans based on the potential differences in the cost of living between Chennai and Delhi NCR.
Real-World Data Example
Let’s take an example of Ravi from Mumbai (Age 30, Non-Smoker, Sum Assured ₹10,00,000):
- Annual Premium: ₹27,850
- Policy Term: Lifetime (Up to 100 years)
- Guaranteed Surrender Value (after 20 years): ~₹5,50,000
- Maturity Value at 100 years: ₹10,00,000 + Bonus (estimated ₹12,00,000)
- Total Benefits: ~₹22,00,000
In contrast, premiums stay the same if Ravi resides in Delhi, but bonus accumulation varies according to the regional bonus rates offered by LIC.
Expert Opinions & Analysis
“Whole Life Insurance is not just about covering risks—it is a long-term wealth creation tool. By starting early, individuals can lock in low premiums and enjoy assured lifelong coverage with tax benefits under Section 80C and 10(10D).”
– Dr. R.K. Sharma, Insurance Analyst
“For urban professionals in metros like Bangalore and Pune, the LIC Whole Life Policy works as a dual-purpose product – life cover + retirement corpus.”
– Anita Deshmukh, Financial Planner
Frequently Asked Questions (FAQs)
LIC’s Whole Life Policy provides coverage for the entire lifetime of the policyholder (up to 100 years) with maturity and survival benefits.
Our calculator uses the latest LIC premium charts, bonus rates, and actuarial data, making estimates highly reliable.
Yes. The calculator adjusts for GEO-specific insights like average income levels, life expectancy, and cost of living.
Section 80C: Premiums paid are eligible for tax deduction.
Section 10(10D): Maturity proceeds are tax-free.
Term insurance is cheaper but does not offer lifetime cover or maturity benefits. Whole Life Policy provides both.
Take Control of Your Future Today
To quickly estimate your premium and benefits, use our LIC Whole Life Policy Calculator. This tool provides you with individualised results to plan your financial security, regardless of whether you live in Delhi, Mumbai, Bangalore, Chennai, or a Tier-2 city.