LIC e-Term Plan 825 Calculator

The LIC e-Term Plan (Table No. 825) is one of the most popular online term insurance policies offered by the Life Insurance Corporation of India (LIC). This plan was designed to provide high life cover at a low premium and was available for purchase exclusively through LIC’s online portal.

LIC introduced this innovative plan on 19th February 2014 to cater to the increasing digital audience looking for a simple and direct way to buy protection plans online. However, it was withdrawn from the market a few years later, as LIC launched newer online term plans like Jeevan Amar (Plan 855) and Tech Term (Plan 854).​

What is LIC e-Term Plan 825?

LIC e-Term Plan (Plan 825) was an online pure protection plan, meaning it provided financial protection to your family in case of your untimely death during the policy term. It did not offer any maturity benefit if you survived the policy period.

It was the first online-only plan by LIC, available without any intermediaries or agent commissions. As a result, policyholders could enjoy lower premiums compared to traditional offline plans.​

Important Dates: Launch and Withdrawal

You can confirm its withdrawn status on the official LIC withdrawn plans list at licindia.in/withdrawn-plans.​

Key Features of LIC e-Term Plan

Here are the main highlights and features of the LIC e-Term Plan 825:

• A pure term insurance plan providing only death benefits.
• Online-only—no involvement of agents.
• Minimum Sum Assured: Rs. 25,00,000 for general category and Rs. 50,00,000 for non-smokers.
• No upper limit on Sum Assured (subject to LIC’s underwriting).
• Policy Term: Minimum 10 years, maximum 35 years.
• Entry Age: Minimum 18 years and maximum 60 years.
• Premium Payment Mode: Annually only.
• Grace Period: 30 days for delayed payment.
• Tax Benefits: Available under Sections 80C and 10(10D) of the Income Tax Act.​

LIC e-Term Plan 825 Calculator

The LIC e-Term Calculator was a helpful online tool that allowed users to estimate their premium amount based on factors like age, gender, smoking habits, sum assured, and policy term.

You can still use similar calculators available on LIC-related sites like:

• LIC’s official online calculator
• LIC Term Calculator​

How the Calculator Works

The calculator uses the following parameters:

1. Age of the proposer: The younger you are, the lower the premium.
2. Sum Assured: Higher coverage increases the premium.
3. Term of the policy: Longer duration slightly increases the cost.
4. Lifestyle: Smokers pay significantly higher premiums.
5. Gender: Generally, female lives are charged a little lesser premium.

Example Premium Calculation

Let’s take an example from the LIC e-Term brochure:

This clearly showcases how affordable online term plans are compared to offline counterparts.

Benefits of LIC e-Term Plan 825

Death Benefit

If the policyholder dies during the policy term, the nominee will receive the Sum Assured as lump sum payment.

Formula:
Death Benefit = Basic Sum Assured (as opted at the start of policy)

This benefit helps your family maintain financial stability and meet regular expenses even in your absence.​

No Maturity Benefit

Being a pure protection plan, it does not offer any survival or maturity benefit. If the life assured survives the policy term, no amount is payable.​

Affordable Premiums

Since there were no agents or commissions involved, premiums were very affordable, making it a practical choice for middle-class families looking for high coverage at a low cost.​

Tax Benefits

Premiums paid towards the plan qualified for deduction under Section 80C (up to ₹1.5 lakh per annum).
The death claim amount received by the nominee was also exempt under Section 10(10D).​

Ease of Purchase

Available exclusively online, this plan allowed anyone to buy term insurance directly from LIC’s website by following simple digital steps. No paperwork or physical meetings were needed.​

Eligibility Criteria

How to Use LIC e-Term Plan Calculator

Using an online calculator makes it easier to plan your insurance budget. Here’s the simple step-by-step guide:

1. Visit any official or trusted insurance partner site like
   https://liccalculator.info or https://licindia.in.
2. Select “LIC e-Term Plan 825 Calculator.”
3. Enter basic details such as:
   • Age and gender
   • Sum Assured
   • Policy Term (10–35 years)
   • Smoking Type (smoker/non-smoker)
4. Click ‘Calculate Premium’ to view estimated annual premium.
5. Compare with other LIC term plans to select the best fit.

Example Results (Illustrative)

This demonstrates how non-smokers enjoy lower premium rates for the same cover.

Advantages of LIC e-Term Plan 825

• High coverage at affordable premiums.
• Simple online purchase process.
• Trusted brand – backed by LIC’s 98%+ claim settlement ratio.
• No intermediaries, ensuring cost savings.
• Tax benefits under Indian Income Tax laws.
• Reliable claim settlement under the IRDAI-regulated structure.​

Disadvantages of LIC e-Term Plan 825

Only annual premium mode—no monthly or half-yearly option.

• No rider benefits (like accidental or critical illness).
• No maturity value at the end of the policy term.
• Withdrawn from new purchase — available only for existing policyholders now.​

Comparison with Other LIC Term Plans

Claim Settlement Process

The claim process under the LIC e-Term plan was fully online and required minimal documentation.

Steps included:

1. Submit claim online through LIC’s official website.
2. Provide death certificate, policy document, and nominee details.
3. LIC verified all details and released payment directly to nominee’s account.

LIC’s claim settlement ratio of over 98% made this process highly trustworthy.​

Why LIC Withdrawn the e-Term Plan

The LIC e-Term Plan was phased out after the introduction of more advanced term insurance products like Tech Term (Plan 854) and Jeevan Amar (Plan 855) that offered:

• More flexible policy terms,
• Optional riders,
• Better premium options, and
• Broader customization for both smoker and non-smoker categories.​

Even though withdrawn, LIC e-Term remains one of the most remembered online policies for its simplicity and transparency.

How LIC e-Term Plan Helped Families

Thousands of Indian families benefited from this online plan. It acted as a financial shield for dependents in tragic situations, ensuring continued financial stability through a lump-sum payout.

Real-life usage highlighted that:

• It supported mortgage repayment.
• Helped cover education expenses.
• Ensured lifestyle continuity for dependents.

Thus, it was particularly popular among young professionals and salaried individuals.

Renewal & Revival

Existing LIC e-Term policyholders could renew their plans yearly by paying the annual premium online before the due date.
If the policy lapsed due to non-payment, revival was allowed within 2 years from the date of lapse, subject to medical conditions and underwriting approval.​

Tax Implications

• Premiums paid qualified for deduction under Section 80C of the Income Tax Act.
• Death benefits were fully exempt under Section 10(10D).
• GST of 18% applied on premium amount.​

Calculator Integration for Developers

For web developers like you, integrating an LIC e-Term Plan Calculator can enhance user engagement. You can build a simple version using HTML, CSS, and JavaScript that:

• Accepts user inputs (age, sum assured, policy term, and smoker type)
• Displays annual premium estimate dynamically
• Optionally includes a Google Pie Chart showing premium-to-benefit ratio

Such calculators mimic the ones seen on liccalculators.net and insurancefunda.in.

Frequently Asked Questions (FAQs)

Final Thoughts

The LIC e-Term Plan 825 was a milestone in LIC’s digital insurance journey—the first fully online term plan that combined simplicity, transparency, and affordability. It gave millions of Indians an easy way to secure their family’s future digitally without intermediaries.

Even though the plan is now withdrawn, it remains an excellent example of LIC’s effort to blend technology with insurance protection. Today, LIC’s newer plans like Tech Term (854) carry forward its legacy with added flexibility.