Terms of Service

Please read these terms carefully before using LIC-Calculator.com. By using our website, you agree to these terms.

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

1. Acceptance of Terms

By accessing and using LIC-Calculator.com ("the Website," "our Website"), you accept and agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you must not access or use the Website. These Terms constitute a legally binding agreement between you ("User," "you," "your") and LIC-Calculator.com ("we," "us," "our").

We reserve the right to modify these Terms at any time. Your continued use of the Website after any changes constitutes your acceptance of the updated Terms.

2. Description of Service

LIC-Calculator.com provides free online calculators for Life Insurance Corporation of India (LIC) insurance plans. Our services include:

  • Premium Calculator: Estimates approximate premium amounts for various LIC plans based on user inputs such as age, sum assured (in β‚Ή), policy term, and premium payment mode.
  • Maturity Calculator: Provides approximate maturity value estimates including sum assured, accrued bonuses, and Final Additional Bonus (FAB).
  • Return Calculator: Estimates the internal rate of return (IRR) and effective yield on LIC policies.
  • Surrender Value Calculator: Provides approximate surrender value estimates for policies being surrendered before maturity.
  • Plan Information: Educational content about various LIC insurance plans, their features, benefits, and eligibility criteria.

All calculations are performed in your browser using publicly available premium rate tables and bonus rate data. Results are approximate and intended for educational and informational purposes only.

3. Not Affiliated with LIC of India

LIC-Calculator.com is NOT affiliated with, endorsed by, or associated with the Life Insurance Corporation of India (LIC) in any manner. "LIC" is a registered trademark of the Life Insurance Corporation of India. We use the name solely for informational and descriptive purposes to help users identify the insurance plans our calculators cover.

For official information, policy purchases, or any queries related to LIC policies, please visit the official LIC website at licindia.in or contact your nearest LIC branch office.

4. No Financial or Investment Advice

The information and calculations provided on this Website do not constitute financial advice, investment advice, insurance advice, tax advice, or any other form of professional advice. The content is provided for general informational and educational purposes only.

You should:

  • Consult a qualified financial advisor or insurance agent before making any investment or insurance-related decisions.
  • Verify all premium amounts, maturity values, and policy details directly with LIC of India or an authorised LIC agent.
  • Not rely solely on our calculators for financial planning or decision-making.
  • Understand that actual returns may vary based on LIC's declared bonus rates and policy terms.

5. Accuracy Disclaimer

While we strive to provide accurate and up-to-date information, we make no warranties or representations regarding the accuracy, completeness, reliability, or currentness of the data presented on this Website:

  • Premium Rates: Premium rates displayed are approximate and based on publicly available rate tables. Actual premiums may differ based on underwriting, medical examination, riders, and applicable taxes (GST).
  • Bonus Rates: Bonus rates used in our calculations are based on historically declared rates by LIC. Bonus rates are declared annually by LIC and may change. Past bonuses are not indicative of future bonuses.
  • Maturity Values: Maturity value estimates are projections based on assumed bonus rates and may differ significantly from actual maturity proceeds.
  • Tax Benefits: Tax benefit information (under Section 80C, Section 10(10D), etc.) is for general awareness only. Tax laws change frequently, and you should consult a tax professional for advice specific to your situation.

6. Intellectual Property

All content on this Website, including but not limited to text, graphics, logos, icons, images, software, calculator algorithms, and the overall design, is the intellectual property of LIC-Calculator.com and is protected by applicable Indian intellectual property laws, including the Copyright Act, 1957.

You may not:

  • Copy, reproduce, modify, distribute, or republish any content from this Website without prior written consent.
  • Use any automated tools (bots, scrapers, crawlers) to extract data or content from the Website.
  • Frame or mirror any part of this Website on another website.
  • Use our brand name, logo, or content in a way that implies endorsement or affiliation.

You are granted a limited, non-exclusive, revocable licence to access and use the Website for personal, non-commercial purposes only.

7. User Responsibilities

When using our Website, you agree to:

  • Provide accurate and truthful information when using our calculators or contact forms.
  • Use the Website only for lawful purposes and in accordance with these Terms.
  • Not attempt to gain unauthorised access to any part of the Website, its servers, or any connected systems.
  • Not use the Website to transmit any harmful or malicious code, viruses, or disruptive content.
  • Not interfere with or disrupt the Website's infrastructure or any other user's use of the Website.
  • Not use the calculator results for any commercial purpose without our written permission.

8. Limitation of Liability

To the fullest extent permitted by applicable Indian law:

  • LIC-Calculator.com, its owners, operators, and contributors shall not be liable for any direct, indirect, incidental, consequential, special, or exemplary damages arising from your use of or inability to use the Website.
  • We are not liable for any financial decisions made based on information or calculations provided on this Website.
  • We are not responsible for any losses, including but not limited to loss of profits, goodwill, data, or other intangible losses.
  • Our total liability to you for all claims arising from the use of this Website shall not exceed β‚Ή1,000 (Indian Rupees One Thousand Only).

This limitation applies regardless of the theory of liability, whether based on contract, tort, negligence, strict liability, or any other legal theory.

9. Indemnification

You agree to indemnify, defend, and hold harmless LIC-Calculator.com, its owners, operators, employees, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorney's fees) arising from:

  • Your use of or access to the Website.
  • Your violation of these Terms.
  • Your violation of any third-party rights, including intellectual property rights.
  • Any content you submit or transmit through the Website.

10. Third-Party Links

Our Website may contain links to third-party websites, including the official LIC of India website and other financial resources. These links are provided for your convenience and informational purposes only. We do not endorse, control, or take responsibility for the content, privacy policies, or practices of any third-party websites. Visiting external links is at your own risk.

11. Service Availability

We strive to keep the Website available 24/7. However, we do not guarantee uninterrupted access and may temporarily suspend or restrict access for maintenance, updates, or technical reasons. We shall not be liable for any downtime or service interruptions.

12. Termination

We reserve the right to terminate or restrict your access to the Website at our sole discretion, without prior notice, for any reason, including but not limited to violation of these Terms. Upon termination, all provisions of these Terms that by their nature should survive shall continue to apply.

13. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of India. Any disputes arising out of or in connection with these Terms or the use of the Website shall be subject to the exclusive jurisdiction of the courts of India.

If any provision of these Terms is found to be unenforceable or invalid by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect.

14. Severability

If any provision of these Terms is held to be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not be affected or impaired in any way.

15. Entire Agreement

These Terms, together with our Privacy Policy and Disclaimer, constitute the entire agreement between you and LIC-Calculator.com regarding the use of the Website, superseding any prior agreements or communications.

16. Contact Us

If you have any questions or concerns about these Terms of Service, please contact us:

We will respond to your inquiry within 24–48 hours during business days.