LIC Premium Budget Planner

LIC Premium Budget Planner lets you add the annual premiums over the entered payment term using a user-supplied yearly increase. Enter your own values or load the worked example.

Copy or download the computed result
Adjust quoted annual premium (₹)
See the processing method and limits

Method and calculation

Add the annual premiums over the entered payment term using a user-supplied yearly increase.

Inputs and settings

LIC Premium Budget Planner accepts Quoted annual premium (₹) (minimum 0); Planned payment years (minimum 1, maximum 100); Assumed annual premium increase (%) (minimum 0, maximum 100).

Worked example

LIC Premium Budget Planner example — Quoted annual premium (₹): 24000; Planned payment years: 15; Assumed annual premium increase (%): 0. Computed output: { "totalPlannedPremiumRupees": 360000, "monthlyBudgetRupees": 2000 }

Output and limitations

LIC Premium Budget Planner: Planning only. Use the actual premium schedule and benefits from your insurer; this does not quote or issue a LIC policy.

Technical references: JavaScript numerical operations

LIC Premium Budget Planner FAQs

How does LIC Premium Budget Planner work?

LIC Premium Budget Planner applies the following rule to your input: Add the annual premiums over the entered payment term using a user-supplied yearly increase. The worked example on this page uses the same processor as the result button.

What should I check in LIC Premium Budget Planner?

LIC Premium Budget Planner has these boundaries: Planning only. Use the actual premium schedule and benefits from your insurer; this does not quote or issue a LIC policy. Start by checking the quoted annual premium (₹) field against the units or format shown.

Can I try an example in LIC Premium Budget Planner?

LIC Premium Budget Planner provides this sample: { "totalPlannedPremiumRupees": 360000, "monthlyBudgetRupees": 2000 }. Use the sample button to reproduce it, then replace the inputs with your own values.