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LIC Amulya Jeevan II premium calculator ExcelLIC Amulya Jeevan II premium calculator
LIC (Life Insurance Corporation) is the oldest and most reputed insurance companies of India. Founded on 1st September 1956, the company mainly provides insurance policies to the customers. The customers also have to pay a premium amount for the insurance policy which is financed by the company in mutual funds. The interest amount from the investment is mainly used for compensating the customers.
LIC Amulya Jeevan II premium calculator Excel
LIC provides many types of insurance policies to the customers. Each has its one distinct feature and provides some special benefits. LIC AmulyaJeevan II is one of the many insurance policies offered by LIC India. It is one of the most popular term plans offered by LIC. In case of offering bonuses, it does not provide any bonus facilities to the policy holder which is common among all pure term insurance plans. In case of this if the policy holder dies within the tenure period, the nominee will be provided with the death benefits but if the policy holder is alive till the maturity age, nothing will be paid to him or her. The policy does not include profit traditional benefits. The death benefit is the sum assured at beginning of the policy. The policy is particularly unique because it offers a high amount of sum that can be assured and the tenure period is longer than others and up to 35 years can be chosen as the period. The policy holder is also provided with tax benefits on the successful payment of the premium under the Tax Act Section 80C. Tax benefits are also enjoyable in case of the claims as well under Section 10 (10D). As all other insurance policies, this policy also requires timely payment of premiums. For the user's ease of use, there are several Term Plan LIC Amulya Jeevan II Online premium calculator to calculate the premium amount.
How to Use LIC Amulya Jeevan II premium calculator
There are several sites all over the internet offering the premium amount calculation of various policies including the Amulya Jeevan II. All these calculators are basically modified forms which require some important data to fill up before getting the amount. LIC’s official site also offers a calculator to calculate the premium amount of LIC Amulya Jeevan II policy. These are the steps to calculate the premium amount:
Step 1: The name of the plan under which the premium is to be paid is selected from a drop-down
Step 2: The age of the policy is entered by dragging the slider or clicking the direction arrows of the dialogue box.
Step 3: The term of the policy is also entered by the above-mentioned
Step 4: The assured sum is entered in the last box either by typing the sum or by clicking the arrows in the box.
Step 5: The calculate button is clicked after the above steps.
After these steps, the page refreshes and a new page appears which displays the amount of the premium that needs to be paid.
Best online LIC Amulya Jeevan II premium calculator: Many websites are there which provide the facility to calculate the premium amount of LIC Amulya Jeevan II plan but the most trusted and reputed sites are mentioned above. The official site provides only the premium amount without any details but the other two sites display the amount along with the GST. The user interface of policy bazaar is very user-friendly and has a lot of detailed options.
LIC Amulya Jeevan II premium calculator Online:
The official site has a premium calculator which provides the option to calculate the premium of LIC Amulya Jeevan II. The link of the official calculator is: https://www.licindia.in/Customer-Services/Premium-Calculator
LIC Amulya Jeevan II premium calculator excel format free download:
Many customers prefer the old method to calculate the premium of LIC AmulyaJeevan II with the help of excel worksheets. Constructing these worksheets are very difficult. For the convenience of the users, the official site also provides an excel worksheet format calculator. There are many other sites which provide the same but the official site includes the latest tax expenses. The official site to download the spreadsheet is as follows: https://www.licpremiumcalculator.com/
LIC Amulya Jeevan II premium calculator and maturity amount:
In case of this policy, there is no maturity bonus. If the policy holder survives until the end of the tenure period then the policy is terminated and nothing will be paid to the policy holder. The only death benefit is paid to the nominee of the policy holder in case of death. This death benefit can be calculated on all the sited which have been mentioned earlier.
LIC Amulya Jeevan II premium calculator with service tax:
All the LIC AmulyaJeevan II premium calculators provide the premium amount after including the GST and service tax into it. The official site does not clearly display the amount of the tax but other sites clearly mention the amount of GST and service tax which is included into the premium.
LIC Amulya Jeevan II premium calculator software free Download for android mobile:
LIC has launched its own official Android app which can be downloaded from the Google play store. This app is composed of three micro apps namely: LIC Customer, LIC Pay Direct, and LIC Quick Quotes. A customer can pay the premium directly from this app and is also able to view the quotes and the details about all the policies. This app also has a premium calculator where the premium amount of the policies including LIC Amulya Jeevan II can be calculated.
LIC Amulya Jeevan II premium calculator free Download for laptop:
There is an official software to calculate the premium amount of various policies offered by LIC India. The app can be downloaded from the official site. There is also a separate site developed by LIC India which provides all the functionality of the software online but requires the internet connection.