LIC Term Plan Calculators make it easy to figure out how much premium you need to pay for life cover from LIC. These online tools help families plan protection without confusion.

What is a LIC Term Plan?

An LIC term plan is a simple life insurance policy. You pay premiums for a set number of years, and if something happens to you during that time, your family gets a big sum of money called the sum assured. No money back if you outlive the term that keeps premiums low.

These plans focus on pure protection. They suit young earners in India who want to cover loans, kids’ education, or daily needs. LIC, as the biggest insurer, offers trusted options.

Use a calculator to enter your age, cover amount, and term. It shows yearly or monthly premiums right away.

Why Use a Term Plan Calculator?

A calculator saves time and guesswork. Enter details like date of birth, gender, smoker status, sum assured (say Rs 50 lakh to 1 crore), and policy term (10-40 years). Get quotes for regular, limited, or single pay.

It compares payment modes: yearly is the cheapest, and monthly is easy on the pocket. Women often get lower rates. Tools on sites like licindia.in or policybazaar.com are free.

For your sites like liccalculator.info, build one with inputs for these fields. It pulls real-time rates if linked to LIC data.

Current LIC Term Plans List

LIC has eight active term plans as of January 2026. Here they are with key details. Some older ones, like Tech Term 854, got replaced.

Plan No.	Name	Launch Date (Approx.)	Status	Minimum Sum Assured	Max Entry Age
876	LIC’s Digi Term	2023	Active	Rs 50 lakh	45 years
878	LIC’s Digi Credit Life	2024	Active	Rs 50 lakh	45 years
877	LIC’s Yuva Credit Life	Aug 2024	Active	Rs 50 lakh	45 years
875	LIC’s Yuva Term	2024	Active	Rs 50 lakh	45 years
954	LIC’s New Tech-Term	2023-24	Active	Rs 50 lakh	65 years
955	LIC’s New Jeevan Amar	2024-25	Active	Rs 25 lakh	65 years
859	LIC’s Saral Jeevan Bima	Apr 2021	Active	Rs 5 lakh	65 years
887	LIC’s Bima Kavach	2024-25	Active	Flexible	Varies

No withdrawal dates for these yet check LIC site for updates.

Plan 876: LIC’s Digi Term

Digi Term is an online-only plan for quick buy. Entry age 18-45 years last birthday, term up to age 75. The sum assured starts at Rs 50 lakh, with no upper limit.

Death benefit: Full sum assured or 7x annual premium or 105% premiums paid, whichever is higher. No maturity payout. Premiums are lower for level or increasing cover.

Launched around 2023, still active. Buy direct on licindia.in. Good for tech-savvy users.

Plan 878: LIC’s Digi Credit Life

LIC’s Digi Credit Life covers loans like home or personal. Non-linked, pure risk plan. Decreasing sum assured matches loan balance, starts high, and drops yearly.

Entry 18-45, term 5-30 years. Online only, special woman rates. Death pays outstanding principal at year-start. No survival benefit.

Launched 2024. Use the calculator for loan amount and interest rate to see the schedule.

Plan 877: LIC’s Yuva Credit Life

Like LIC’s Yuva Credit Life but for youth. Pure decreasing term for loans. Choose basic sum assured, term 5-30 years, and interest rate for risk schedule.

Launched Aug 6, 2024. Death benefit: The higher of 105% of premiums or the basic sum assured (adjusted down). Offline buying is possible. Min age 23 maturity? No, entry 18-45.

Plan 875: LIC’s Yuva Term

LIC’s Yuva Term Offline youth term plan. Level or increasing sum assured. The first 5 years are fully covered, and then it grows 10% yearly up to the 15th year or so.

Entry 18-45, max maturity 75. Death: Higher of 7x premium, 105% paid, or absolute assured. Launched 2024. Affordable for starters.

Plan 954: LIC’s New Tech-Term

Updated online LIC’s New Tech-Term replacing 854 (withdrawn). Non-par, pure risk. Level or increasing options. Entry 18-65, term 10-40, maturity to 80.

Single/limited/regular pay. Surrender value for single/limited after lock-in. Free look for 30 days.

Launched post-2023 withdrawal of old Tech Term.

Plan 955: LIC’s New Jeevan Amar

Offline pure LIC’s New Jeevan Amar . Min Rs 25 lakh assured. Entry 18-65, term 10-40. Regular or limited pay (minus 5/10 years).

Death higher of formulas like 7x annual or assured. Riders available. Example: A 35-year-old Rs 50 lakh 20-year term nominee gets full if early death. Launched 2024-25.

Plan 859: LIC’s Saral Jeevan Bima

Simplest, cheapest LIC’s Saral Jeevan Bima term. Sum assured: Rs 5-25 lakh only. Entry 18-65, term 5-40 to age 70. Standard rates, no extras needed.

Launched Apr 16, 2021, still going strong. For low-income families. Waiting period for suicide.

Plan 887: LIC’s Bima Kavach

LIC’s Bima Kavach Lifetime cover to 100 years? Flexible increases at life events like marriage (50% up to Rs 2 Cr). Level sum assured base. Riders for accident.

Regular/limited/single pay. Entry varies, under 40 for boosts. Launched recently in 2024-25. Great for long-term family protection.

Common Policies Across LIC Term Plans

All are non-par, no bonuses. Death benefit standard: Higher of sum assured, 7x annual premium (10x single), 105% total premiums.

Premium modes: yearly, half, quarter, and monthly (extra 2% for monthly). Grace 30 days. Lapse revival in 5 years. Suicide: 80% premiums first year.

Free look: 15-30 days to cancel with refund minus charges. Nomination must. Tax: Premiums 80C, death tax-free 10(10D). Riders: Accident benefit up to Rs 1 Cr total.

No loans or surrender usually, except limited/single pay. GST 4.5% on premiums over Rs 2 lakh single.

How to Use LIC Term Plan Calculator

Step 1: Pick a plan from the dropdown (e.g., 954). Step 2: Enter DOB, gender, and tobacco use. Step 3: Sum assured (Rs 50L+), term (20 years?). Step 4: Pay term (full/10 less). Click calculate.

See premiums: Say a 30M male non-smoker, Rs 1Cr, 30-year term: ~Rs 15-20k yearly. Adjust for accuracy. Tools on liccalculator.info great for your sites.

Comparison Table

Feature	Youth Plans (875,877)	Digi Plans (876,878)	Regular (954,955)	Saral 859	Bima Kavach 887
Min Entry Age	18	18	18	18	Varies
Max Maturity	75	75	80	70	100?
Sum Assured Min	50 L	50 L	25/50 L	5L	Flexible
Online Buy	Some	Yes	954, yes.	No	No
Special Feature	Increasing/Decreasing	Loan adjust	Level/Incr	Cheap	Life stage up

Frequently Asked Questions (FAQ)

Conclusion

LIC term plans offer affordable life cover for your family. Use online calculators to compare premiums for plans like 875, 954, and Saral Jeevan Bima 859. Choose based on age and needs, then buy from licindia.in.