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 Money Back 20 Years (820) Sample Calculation |
| Sum Assured | 400000 | Age | 25 |
| Policy Term | 20 | Premium Paying Term (PPT) | 15 |
| Accidental Death & Disability Benefit (AD & DB) Rider | Yes |
| First Year Premium |
| Mode | Premium | GST ( @4.5 % ) | Total Premium |
| Yearly | 30393 | 1368 | 31761 |
| Half Yearly | 15353 | 691 | 16044 |
| Quarterly | 7755 | 349 | 8104 |
| Monthly | 2585 | 116 | 2701 |
| Second Year Onward Premium |
| Mode | Premium | GST ( @2.25 % ) | Total Premium |
| Yearly | 30393 | 684 | 31077 |
| Half Yearly | 15353 | 345 | 15698 |
| Quarterly | 7755 | 174 | 7929 |
| Monthly | 2585 | 58 | 2643 |
| Benefits Details |
| Total Premium Paid (Approx) | 466836 |
| Minimum Risk Cover | 500000 |
| Maximum Risk Cover (Approx) | 1204400 |
| Money Backs & Maturity Details |
| At the End of 5th Policy Year | 1st Money Back | 80000 |
| At the End of 10th Policy Year | 2nd Money Back | 80000 |
| At the End of 15th Policy Year | 3rd Money Back | 80000 |
| On Completion of 20th Year | Maturity (Approx.) | 488000 |
| Total | 728000 |