It is difficult to get premium calculator of LIC Jeevan Utkarsh. At the time of writing this post, I did not find the premium calculator for Jeevan Utkarsh. You would not even find the Tabular premium of the plan. In fact, LIC does not publish the tabular premium at the website. While tabular premium is required to calculate the premium.
I have discovered the tabular premium chart. But, the authenticity of this chart is not ascertained. However, the chart data matches the sample premium table given at the website. I believe this calculator would give you an exact idea. But for the final amount, you should rely only on LIC.
The LIC Jeevan Utkarsh is a single premium endowment insurance plan. The plan is only for 12 years and gives you the option to get claim amount in a staggered manner.
Based on the tabular premium I have also made Jeevan Utkarsh Premium Calculator. Hope, It would help you.
Tabular Premium Chart
The tabular Premium chart of the LIC Jeevan Utkarsh is given below. The chart is simpler as policy term is fixed for 12 years. The premium amount varies only on the basis of age and sum assured.
I have put the premium amount for ₹1000, 75 thousand, 1 lakh, 2 lakh, 5 lakh and 10 lakh. You can take the premium amount directly from this table for the given amount. If the sum assured is not any of the given amounts, you should use the given calculator.
The second column of the chart shows the premium amount for the sum assured of ₹1000. In this column, I did not factor the GST or rebate.
However, In the next columns, You would get the premium amount along with the GST. The high sum assured rebate is also factored in.
LIC Jeevan Utkarsh Premium Calculator
I have prepared LIC Jeevan Utkarsh Premium calculator which would give the premium amount of any sum assured. Note, your sum assured can’t be less than ₹75,000. There is no upper limit. However, the sum assured should be in multiples of ₹5000 till 3 lakhs.
- However, the sum assured should be in multiples of ₹5000 till 3 lakhs.
- It should be in multiples of ₹20,000 above the sum assured of ₹3 lakhs.
- I have pre-selected the 30 years of age. You can choose an age between 6 years to 47 years.
- There are sliders to enter the basic sum assured. If your sum assured is less than 3 lakh, use the first slider. Else, use the second slider.
- The result of this calculator gives you three values.
- Premium without any taxes
- Applicable GST @ 4.5%
- Total Premium with GST
You may find that total premium of LIC Jeevan Utkarsh is very high. But it is normal as this is an Endowment policy and single premium policy. You can also read the review of Jeevan Utkarsh to get a complete idea of this insurance plan.