Terms & Conditions
Last Updated: January 1, 2026 | Effective Date: Immediately
1. Educational & Illustrative Calculation Purpose
The software utilities, actuarial premium calculators, maturity projection charts, and financial tools provided on LIC Plan Calc (licplancalc.com) are intended strictly for educational, illustrative, and informational purposes.
While every effort is made to maintain complete fidelity with the latest officially declared bonus circulars, mortality charges, and standard underwriting tables issued by Life Insurance Corporation of India (LIC), all output figures represent estimates. They do not constitute an official contract of insurance or a legally binding quote.
2. Absolute Non-Affiliation Declaration
LIC Plan Calc (licplancalc.com) is an independent informational technology platform. It is NOT affiliated with, authorized by, endorsed by, sponsored by, or in any way officially connected to:
- Life Insurance Corporation of India (LIC) or any of its subsidiaries, regional branches, or zonal offices.
- The Insurance Regulatory and Development Authority of India (IRDAI).
The official portal of Life Insurance Corporation of India is located at licindia.in.
3. Permitted Advisor Use & Sharing Rights
Licensed insurance advisors, development officers, and financial consultants are granted a royalty-free, worldwide license to:
- Generate quotes for their prospective clients and policyholders.
- Share formatted WhatsApp quotes and summaries directly with prospective buyers.
- Print or export client proposal PDFs for one-on-one advisory presentations.
4. Prohibited Uses
Users agree NOT to:
- Deploy automated scrapers, bots, or distributed denial-of-service (DDoS) attacks against our infrastructure.
- Impersonate Life Insurance Corporation of India using our calculators or mislead customers regarding official endorsement.
- Harvest or redistribute platform assets for fraudulent financial advisory practices.
5. Disclaimer of Warranties & Limitation of Liability
The service is provided on an "AS IS" and "AS AVAILABLE" basis without warranties of any kind. Under no circumstances shall the creators, developers, or operators of licplancalc.com be liable for any direct, indirect, incidental, punitive, or consequential financial damages resulting from the use or inability to use this platform.
6. Legal Inquiries & Questions
If you have questions regarding these terms, please contact our team via our Contact Us page or email legal@licplancalc.com.
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.