⚠️ Mandatory Calculation & Data Accuracy Disclosure
All calculations, premiums, maturity returns, bonus additions, loan amortizations, and tax projections generated by the calculators on BimaCalculator.com are strictly for educational, analytical, and illustrative estimation purposes only. The calculation outputs are NOT guaranteed, NOT legally binding, and NOT an official offer. The computed figures could be different from original insurer values due to individual medical underwriting, occupational loadings, declared bonus rate variations, and arithmetic rounding. Users must verify all figures, terms, and conditions with the official policy document and authorized benefit quotation (Sales Illustration) issued by the insurer before making any financial or insurance commitment.
Summary of Regulatory & Agent Advisory Status
BimaCalculator.com is a financial technology and actuarial computational portal founded by Rakesh, an Authorized LIC Insurance Advisor (Agent Code: LIC10031212 | Servicing Branch: Lalkuan, Uttarakhand). While personalized advisory, official quotations, and online policy issuance support are provided directly by authorized agent Rakesh, BimaCalculator.com is an independent portal and NOT the corporate website of Life Insurance Corporation of India (LIC) or the Insurance Regulatory and Development Authority of India (IRDAI).
1. Informational Illustrations & Advisory Scope
All calculations, illustrations, tax savings estimates (under Old and New Tax Regimes FY 2025-26 & FY 2026-27), maturity projections, bonus estimates, and premium quotes generated by the tools on this website are provided for general educational, analytical, and computational planning purposes based on published actuarial tables and standard rules.
Visitors seeking official policy issuance, customized underwriting illustrations, or 100% digital paperless onboarding can connect directly with licensed advisor Rakesh via WhatsApp or phone. Final policy issuance, medical requirements, underwriting loadings, and contractual terms remain subject to standard LIC of India terms and conditions.
2. Trademark Notice & Intellectual Property
The names, product titles, policy numbers, and trademarks (such as LIC Jeevan Labh, LIC Jeevan Umang, LIC Amritbaal, LIC New Endowment, LIC Bima Kavach, LIC Saral Jeevan Raksha, LIC Yuva Term, etc.) mentioned across this site belong exclusively to their respective owners, including the Life Insurance Corporation of India (LIC).
The use of these names on BimaCalculator is strictly nominative and descriptive for computational reference. Official policy terms, underwriting criteria, medical evaluations, and final premium amounts are determined exclusively by respective insurance underwriters at the time of policy issuance.
3. Calculation Non-Guarantee & Requirement to Verify with Official Quotation
While we make every effort to ensure that our calculation engines mirror official actuarial formulas, Central Board of Direct Taxes (CBDT) notifications, and statutory GST slabs (e.g. 4.5% year 1 vs 2.25% renewal, 18% on term/riders), all calculations are subject to:
- Individual Underwriting Loadings: Premium rates can vary from baseline tables based on individual medical test findings (e.g. Urine Cotinine, ECG, Blood Sugar, BMI) and hazardous occupational categories.
- Bonus Rate Declarations: Participating plan maturity returns depend on annual simple reversionary bonuses and Final Additional Bonuses (FAB) declared by LIC from year to year.
- Rounding & Modal Factors: Minor differences may occur due to daily compounding formulas, half-yearly/monthly modal loading factors, and arithmetic rounding.
- Statutory Tax Amendments: Income tax exemptions under Section 80C and Section 10(10D) are subject to changes in the Finance Act, Union Budgets, and CBDT notifications.
Always Request an Official Sales Illustration: Before purchasing any insurance policy, always request and inspect the official signed Benefit Illustration (BI) / Quotation generated through LIC's official underwriting system (or via authorized agent Rakesh, Agent Code: LIC10031212).
4. Limitation of Liability
In no event shall BimaCalculator.com, its founder Rakesh, or contributors be held liable for any direct, indirect, incidental, consequential, or financial decisions made based upon the information or calculation outputs provided on this website.
5. Contact for Corrections
If you are a regulatory authority, insurer, or user and notice any data discrepancies or wish to suggest formula refinements, please contact us at rjrapture@gmail.com.