Following premiums are sample and calculated as per parameters given in first table. Please use above calculator to calculate premiums and benefits as per your AGE, TERM and SUM ASSURED (SA).
| LIC New Childrens Money Back Plan (832) Calculation |
| Sum Assured | 200000 | Age | 2 |
| Policy Term | 23 | Premium Waiver Benefit (PWB) Rider | NO |
| First Year Premium |
| Mode | Premium | GST ( @4.5 % ) | Total Premium |
| Yearly | 9077 | 408 | 9485 |
| Half Yearly | 4587 | 206 | 4793 |
| Quarterly | 2318 | 104 | 2422 |
| Monthly | 773 | 35 | 808 |
| Second Year Onward Premium |
| Mode | Premium | GST ( @2.25 % ) | Total Premium |
| Yearly | 9077 | 204 | 9281 |
| Half Yearly | 4587 | 103 | 4690 |
| Quarterly | 2318 | 52 | 2370 |
| Monthly | 773 | 17 | 790 |
| Premium Paid Details |
| Total Premium Paid(Approx) | 213667 |
| Money Backs & Maturity Details |
| Child Age | Details | Amount |
| 18th Year | 1st Money Back | 40000 |
| 20th Year | 2nd Money Back | 40000 |
| 22nd Year | 3rd Money Back | 40000 |
| 25th Year | Maturity (Approx.) | 350800 |
| Total | 470800 |