What will be the premium for 50000 rupees in LIC?

 What will be the premium for 50000 rupees in LIC?

It depends upon how much sum assurance that we take to assured our loved one depends upon our income.

Lic is insurance company in India. LIC has designed various type of product keeping age category of people such as Children plan, young generation plan, old age people plan. 

These plan comparision is done on criteria of Age, Term (how much year of term taken for insuring our loved one), Sum Assured (SA = how much amount we want to assured for our loved one).

Eg:- Age = 23 (years)

        Term = 20 (years)

        Sum assured = 200000 (rupees 2 lakh)

        Plan group = Money back plan (Generally 2 plan available money back & endowment)

For above criteria of 2 lakh Sum assured (S.A) for 23 years, LIC recommended below plan:-

Plan :- Money Back 20 Yr - Plan no.820

Term:- 20 year

PPT(premium paying term) - 15 yrs

If death S.A = 2,50,000

Premium= Yearly premium = 15599 or 

                    Half yearly premium = 7881 or

                    Quaterly premium = 3981 or 

                    Monthly premium = 1327 or

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Bima Diamond 841 for terms 20 years 

PPT = Premium paying Terms = 20 years

Death S.A= 2,00,000

Premium= Yearly premium = 14737 or 

                    Half yearly premium = 7446 or

                    Quaterly premium = 3762 or 

                    Monthly premium = 1254 or

* Premium shows above is indicative and not exact, actual premium may vary according to underwriting rules applicable.