Disclaimer

Important information about LIC-Calculator.com, the accuracy of our calculators, and limitations of our services.

Effective Date: July 1, 2026  |  Last Updated: July 1, 2026

1. General Disclaimer

The information provided on LIC-Calculator.com ("the Website") is for general informational and educational purposes only. While we make every effort to keep the information accurate and up to date, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information, products, services, or related graphics contained on the Website for any purpose.

Any reliance you place on the information provided on this Website is strictly at your own risk. We shall not be held responsible or liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from the use of information on this Website.

2. Not Affiliated with LIC of India

LIC-Calculator.com is an independent, third-party website and is NOT affiliated with, authorised by, endorsed by, or in any way officially connected with the Life Insurance Corporation of India (LIC).

Key points to understand:

  • "LIC" and "Life Insurance Corporation of India" are registered trademarks of LIC of India. Their use on this Website is purely for informational and descriptive purposes.
  • We are not an insurance company, insurance agent, insurance broker, or financial intermediary.
  • We do not sell, issue, or service any LIC policies.
  • We do not have access to your LIC policy records or personal data held by LIC.
  • We are not authorised to collect premiums, process claims, or perform any transactions on behalf of LIC.

For all official LIC-related queries, policy purchases, premium payments, claim settlements, or grievances, please visit the official LIC website at licindia.in or contact your nearest LIC branch office.

3. Calculation Accuracy

Our calculators provide approximate estimates based on publicly available data. Please note the following:

3.1 Premium Calculations

  • Premium rates displayed are approximate and derived from publicly available LIC premium rate tables.
  • Actual premium amounts may differ due to underwriting decisions, medical examination results, occupation-based loading, rider premiums, and applicable taxes (GST at 18% on first-year premium and 2.5% on renewal premiums, as applicable).
  • Special rates, rebates (annual/half-yearly mode rebates, high sum assured rebates), and discounts may vary and are subject to change by LIC.
  • Our calculators may not account for all sub-standard (extra premium) loadings.

3.2 Maturity Value Calculations

  • Maturity values shown are projections based on assumed bonus rates and are not guaranteed by us or LIC.
  • Simple Reversionary Bonus rates used in our calculations are based on historically declared rates by LIC. These rates are not guaranteed for future years.
  • Final Additional Bonus (FAB) amounts are estimates based on past declarations and may differ significantly from actual FAB declared at the time of your policy's maturity.
  • Loyalty additions, if applicable, are estimates and subject to LIC's discretion.

3.3 Surrender Value Calculations

  • Surrender values are approximate and based on published surrender value factors.
  • Actual Special Surrender Value is determined by LIC at the time of surrender and may vary.
  • Guaranteed Surrender Value and Special Surrender Value calculations are estimates only.

4. Bonus Rates Change Annually

LIC declares bonus rates annually for each plan, and these rates can change from year to year. Important notes:

  • Past bonus rates are not indicative of future bonus rates.
  • Bonus rates depend on LIC's investment performance, claims experience, and other actuarial factors.
  • We update bonus rates on our Website as soon as new rates are publicly declared by LIC, but there may be a delay.
  • Always verify the latest bonus rates from the official LIC website or your policy documents.

5. No Financial or Investment Advice

Nothing on this Website should be construed as financial advice, investment advice, insurance advice, or tax advice. Our calculators and content are designed to be educational tools to help you understand LIC insurance plans better.

Before making any insurance or investment decisions:

  • Consult a SEBI-registered financial advisor or a qualified insurance professional.
  • Speak with an authorised LIC agent for accurate premium quotes and policy details.
  • Review the official policy brochure and benefit illustration from LIC.
  • Consider your financial goals, risk tolerance, and insurance needs.
  • Consult a chartered accountant or tax advisor for tax-related queries.

6. Tax Information Disclaimer

Any references to tax benefits under Section 80C, Section 10(10D), or other provisions of the Income Tax Act, 1961, are for general awareness only. Tax laws and regulations are subject to change. The applicability and quantum of tax benefits depend on your individual circumstances. Please consult a qualified tax professional for advice specific to your situation.

7. Third-Party Links

Our Website may contain links to external third-party websites, including:

  • The official LIC of India website (licindia.in)
  • Government websites (e.g., Income Tax India)
  • Other financial information resources

These links are provided for your convenience and reference only. We do not endorse, guarantee, or take responsibility for the content, accuracy, or privacy practices of any third-party website. The inclusion of a link does not imply any association or endorsement by us.

8. Limitation of Liability

To the maximum extent permitted by applicable Indian law, LIC-Calculator.com and its owners, operators, contributors, and affiliates shall not be liable for:

  • Any errors, omissions, or inaccuracies in the calculations or content.
  • Any financial loss, damage, or adverse consequences resulting from reliance on information provided on this Website.
  • Any decisions made based on the calculator outputs or content on this Website.
  • Any technical issues, downtime, or interruptions in Website availability.
  • Any actions taken or not taken based on the information provided herein.

9. User Acknowledgement

By using this Website, you acknowledge and agree that:

  • You understand that all calculations are approximate and for reference purposes only.
  • You will verify all information with official LIC sources before making any decisions.
  • You will not hold LIC-Calculator.com liable for any discrepancies between our estimates and actual LIC figures.
  • You are using this Website at your own risk and discretion.

10. For Official Information

For the most accurate and up-to-date information about LIC policies, premium rates, bonus rates, and other details, we strongly recommend visiting:

  • Official LIC Website: licindia.in
  • LIC Customer Portal: customer.licindia.in
  • LIC Toll-Free Number: 1800-258-9966 (available Mon–Sat, 9:30 AM – 5:30 PM IST)
  • Your nearest LIC Branch Office or authorised LIC agent

11. Contact Us

If you have any questions about this Disclaimer or any information on our Website, please contact us: