LIC Digi Term Plan 876 Calculator
The LIC Digi Term Plan 876 Calculator makes it easy for you to estimate your term insurance premium in just a few seconds. By entering simple details like your age and coverage amount, you can instantly see how much premium you may need to pay. It’s a quick and convenient way to plan strong financial protection for your family with confidence.
📱 Online Only Plan Notice: LIC Digi Term Plan 876 is exclusively available for online purchase only. This is a pure term insurance plan with no maturity benefit. All premium calculations shown are approximate estimates based on sample rates from LIC brochure. Actual premiums depend on complete medical underwriting, your detailed health profile, and LIC’s evaluation. GST rate shown is 18% (subject to change). Smoker premium includes estimated 25% loading. This calculator uses interpolation for ages/terms not in brochure. Always verify with LIC online portal for exact quotes.
PREMIUM ESTIMATE
(Age: 30, Male, Non-Smoker, BSA: ₹50,00,000, Term: 20 yrs, PPT: Regular, DB: Level)
Select your preferred payment option below to see the complete premium breakdown:
GST Information: All premiums shown include 18% GST (assumed rate for term insurance plans). Base premiums are calculated exclusive of GST. Actual GST rate is as per prevailing government regulations and may change.
Smoker Rate Note: Smoker premium is estimated using non-smoker premium plus 25% loading. Actual smoker rates may vary based on LIC’s underwriting guidelines.
Policy Term Note: Premium shown is estimated for your selected term using adjustments from 20-year reference term data. Actual premiums may differ. Please verify with LIC online portal for precise quotes.
Minimum Premium Alert: The calculated modal premium is below the plan’s minimum requirement (₹3,000 for Regular/Limited modes, ₹30,000 for Single Premium). Policy parameters might need adjustment for actual policy issuance.
Premium Breakdown (Yearly)
| Base Premium / Instalment: | ₹4,700 |
| GST (18%): | ₹846 |
| Total Premium / Instalment: | ₹5,546 |
DEATH BENEFIT DETAILS
“Sum Assured on Death” Definition:
For Regular/Limited Premium: Highest of (a) 7 times Annualized Premium, (b) 105% of Total Premiums Paid till death, (c) Absolute Amount Assured to be paid on death as per selected option.
For Single Premium: Higher of (a) 125% of Single Premium, (b) Absolute Amount Assured to be paid on death as per selected option.
Maturity Benefit: This is a pure term insurance plan. On survival to the end of policy term, NO maturity benefit is payable. The policy simply terminates with no returns. This plan provides pure life cover only – designed for maximum protection at lowest cost.
Key Features:
- Non-Participating, Non-Linked, Pure Risk Premium Term Insurance Plan
- Available ONLINE ONLY – Can be purchased exclusively through LIC’s online portal
- Paperless and convenient digital application process
- Flexibility to choose Level or Increasing Sum Assured death benefit options
- Special preferential rates for women (3 years age setback benefit)
- Choice of Regular, Limited Premium (10/15 years), or Single Premium payment modes
- Option for death benefit payment in instalments to nominees
- Attractive High Sum Assured Rebates for larger cover amounts
- Two premium rate categories: Non-Smoker and Smoker
Eligibility Conditions:
- Minimum Entry Age: 18 years (last birthday)
- Maximum Entry Age: 45 years (last birthday)
- Minimum Maturity Age: 33 years (last birthday)
- Maximum Maturity Age: 75 years (last birthday)
- Minimum Basic Sum Assured: ₹50,00,000
- Maximum Basic Sum Assured: ₹5,00,00,000 (higher amounts on case-to-case basis)
- Premium Payment Modes: Yearly, Half-Yearly (for Regular/Limited); Only Yearly for Single
- Minimum Policy Term: 15 years (for Regular/Single/Limited 10 years); 20 years (for Limited 15 years)
- Maximum Policy Term (Level SA): 40 years (subject to maximum maturity age 75)
- Maximum Policy Term (Increasing SA): Varies by age & Sum Assured as per LIC guidelines
- Minimum Modal Premium: ₹3,000 (Regular/Limited); ₹30,000 (Single Premium)
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LIC Plan 876 Calculator: Check Premium, Coverage & Benefits
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