Life Insurance Corporation has launched a new plan called Bima Kiran. It is a term insurance plan that is best suited for working individuals who have dependent children, and parents, and who are looking for adequate protection against life uncertainties at fairly low prices. It is a non-linked, non-participating individual savings and life insurance plan. The insurance provides financial support to the family in case of the untimely death of the insured person during the policy term. On the other hand, if you survive till the age of one year, the total premium amount paid is refunded.
Maturity Benefits:
Table of Contents
If the policy is still in force, the sum assured on maturity will be equal to the total premiums received by LIC under a regular premium or single premium payment policy. The life insurance coverage will be canceled immediately after the completion of maturity.
Benefits of Using LIC Bima Kiran Maturity & Premium Calculator
- Precise Premium Calculation: The main purpose of the LIC Bima Kiran premium calculator is to assist you in ascertaining the precise premium amount that you must pay for the LIC Bima Kiran policy that you have in mind. To determine the precise premium amount, it takes into account the policy term, riders, age, and sum assured.
- Customization: You can change the terms of your policy, including the sum assured and policy duration, by using the LIC Plan 870 premium calculator. This enables you to customize the insurance to your own financial requirements and objectives.
- Financial Planning: By revealing the advantages of maturity, a maturity calculator assists you in establishing reasonable financial objectives. Your policy can be coordinated with your long-term financial goals.
- Transparency: The insurance purchasing process is made transparent by using a premium and maturity calculator. It is simpler to choose your insurance coverage when you are able to clearly observe how different factors affect your rate.
- Time-saving: Manually calculating insurance rates takes a lot of time and is prone to mistakes. You’ll save time and effort because the premium calculator automates the procedure.
- Risk Assessment: By being aware of the possible returns on your investment, you may evaluate the policy’s risk-reward ratio and make any necessary adjustments.
- Future Preparedness: You may make better plans for important life events like marriage, retirement, or school if you are aware of the benefits of maturity beforehand.
How to Use LIC Bima Kiran Premium & Maturity Calculator:
Step 1: Find the Bima Kiran maturity calculator tool on the official LIC website.
Step 2: Enter pertinent data, such as your age, the period of your premium payments, the amount guaranteed, and any incentives you have accrued.
Step 3: To get a prediction of your maturity benefits and premium payable, click the “Calculate” option. You can find a comprehensive analysis of the predicted sum assured and bonus amounts with the LIC Plan 870 premium calculator.
Step 4: Examine the computed outcomes to comprehend the possible maturity rewards you might anticipate at the conclusion of your policy’s term.
Step 5: Align your financial objectives with the maturity calculator’s findings to make well-informed choices regarding your investment in LIC Bima Kiran.
Conclusion:
A flexible insurance plan with a savings component and financial security is LIC Bima Kiran. When thinking about this policy, it is essential to comprehend the premium calculation procedure and make use of the LIC Bima Kiran Premium Calculator. This calculator also helps you make informed decisions to achieve your long-term financial goals by helping you plan your financial future.