🎯 Our Mission & Purpose
Life Insurance Corporation of India (LIC) is India's most trusted financial institution, safeguarding the financial future of over 25 crore policyholders. However, navigating traditional insurance sales materials, deciphering Table numbers, understanding annual simple reversionary bonus rates, and calculating complex year-by-year cash flows can be challenging for the average citizen.
MyLICCalculator.com was founded with a singular objective: to bring complete clarity, transparency, and actuarial precision to LIC policy calculations.
Whether you are an individual planning retirement, parents safeguarding a child's higher education, an existing policyholder calculating surrender value or loan eligibility, or an LIC MDRT agent preparing a professional client quotation, our platform provides instant, transparent, and accurate numbers in milliseconds.
⚡ Comprehensive Platform Architecture
Unlike basic single-page widgets, MyLICCalculator.com is architected as an interconnected financial ecosystem organized into dedicated hubs:
25 Dedicated Policy Calculators
Every active LIC plan has its own dedicated calculator with plan-specific minimum/maximum age limits, sum assured tiers, premium paying terms, and bonus accrual schedules.
Complete Category Portals
Deep-dive hubs for Endowment Plans, Whole Life Plans, Money Back Plans, Pension & Annuity Plans, and Term Assurance Plans.
5 Advanced Financial Utilities
Specialized standalone tools for calculating Cash Surrender Value, Policy Loan Limits, Human Life Value (HLV), Revival Late Fees, and Side-by-Side Policy Comparison.
Year-by-Year Cash Flow Schedules
Dynamic yearly progression tables detailing premium outgo, cumulative investment, growing normal life cover, accidental cover with ADDB rider, and accrued surrender value for every policy year.
📐 Actuarial Rigor & 2026 Bonus Precision
Financial decisions must be grounded in reliable mathematics. Our computational engine incorporates all official LIC calculation parameters:
- Simple Reversionary Bonus (SRB): Computed per ₹1,000 Sum Assured based on policy term duration and latest historical bonus declarations.
- Final Additional Bonus (FAB): Accurately modeled for qualifying policies running 15 years or longer, where terminal bonuses are payable upon maturity or death.
- Guaranteed Additions (GA): Fully implemented for non-participating policies such as Bima Jyoti (Table 860), Amritbaal (Table 874), and Jeevan Utsav (Table 871).
- Dual GST Framework: Exact statutory GST incorporation—4.5% in Policy Year 1 and 2.25% for all subsequent renewal years, plus 18% on rider add-ons.
- Mode Rebates & High Sum Assured Rebates: Comprehensive deductions for yearly payment mode (2% rebate), half-yearly mode (1% rebate), and high sum assured discounts.
🔒 Client-Side Privacy Architecture
In an era where personal financial data is routinely harvested, sold, or shared, MyLICCalculator.com stands firmly for user privacy:
- Zero Server-Side Storage: All age, salary, sum assured, and loan inputs remain inside your browser's local memory. No financial calculations are transmitted to or stored on remote databases.
- No Phone Numbers or OTPs: You will never be asked to enter a phone number or email address to view a quotation or export a calculation.
- Fast, Accessible & Responsive: Built on pure semantic HTML5, modern CSS variables, and vanilla JavaScript without heavy third-party tracking scripts.
- Theme Persistence: Seamlessly toggle between Light and Dark mode to match your lighting preference, saved locally on your device.
📬 Connect & Feedback
We are committed to maintaining the highest level of calculation accuracy. If you notice an updated bonus circular, have suggestions for new financial utilities, or wish to report a formula adjustment, we welcome your correspondence.
Official Support Email: support@myliccalculator.com
Website: https://myliccalculator.com