LIC Yuva Credit Life Plan 877 Calculator

LIC Yuva Credit Life Plan 877 Calculator | Loan Protection Premium Calculator

Use the LIC Yuva Credit Life Plan 877 Calculator to estimate your annual premium and generate a year-wise decreasing death cover (Risk Cover) schedule. This plan is available through LIC agents, corporate agents, brokers and insurance marketing firms.

Enter Your Loan & Policy Details

Indicative premiums based on sample data for Non-Smoker, Male, BSA ₹50 Lakh, Policy Term 25 years, Interest Rate 8%

Age at Entry (Last Birthday)

yrs

Age 18 – 45 years (last birthday)

Basic Sum Assured (₹)

₹

Min ₹50 Lakh • Max ₹5 Crore (valid multiples apply)

Policy Term (Years)

yrs

5 – 30 years; min varies by PPT (Single: 5, PPT-5: 10, PPT-10: 15, PPT-15: 25)

Loan Interest Rate Choose the rate closest to your loan’s interest rate to compute the Risk Cover Schedule

Premium Payment Term (PPT)

Pay 15 Years: premium paid for 15 years; policy covers you for 25–30 years.

Premium Mode

Only Yearly and Half-Yearly modes are available. Half-Yearly instalment = Annual × 0.51.

Smoking Status

Non-Smoker Smoker

Smoker premiums are higher. This calculator shows Non-Smoker indicative rates only.

Decreasing Term — Loan Protection Plan: LIC Yuva Credit Life Plan 877 provides a decreasing death benefit that reduces each year in line with the outstanding loan balance. There is no maturity benefit, no survival benefit, and no surrender value after the free-look period. This plan must be purchased offline through a licensed LIC agent, corporate agent, broker or insurance marketing firm.

Indicative Premium

Excluding taxes & including 18% GST | Non-Smoker, Male | PT 25 yrs, Interest 8% basis

Yearly — excl. GST: —

Half-Yearly — per instalment incl. GST

Single Premium — one-time incl. GST

— Annual Premium (excl. GST)

— Year 1 Death Cover

— Total Premium Paid

— Final Year Death Cover

Risk Cover Schedule — Death Cover Milestones

Year-wise decreasing death cover based on loan outstanding balance formula

Year 1 Death Cover (Full Loan Amount) —

Mid-term Death Cover —

Final Year Death Cover —

Loan Interest Rate Applied —

Death cover at each year = loan outstanding balance computed using the equated annual repayment formula. For Limited Premium: Sum Assured on Death = higher of (a) Absolute decreasing cover above or (b) 105% of total premiums paid. For Single Premium: Sum Assured on Death = Absolute decreasing cover only.

Decreasing Death Cover vs. Cumulative Premium

Year-wise death cover (bars, left axis) and cumulative premium paid (line, right axis)

Death Cover (Decreasing) Cumul. Premium Paid

Year-wise Risk Cover Schedule

Annual premium and decreasing death cover for each policy year

Policy Year	Age	Ann. Premium (incl. 18% GST)	Cumulative Premium (incl. GST)	Death Cover (Decreasing)

Disclaimer: Premiums shown are indicative estimates derived from sample premiums published in the LIC’s Yuva Credit Life (Plan 877, UIN: 512N357V01) brochure for Non-Smoker, Male, BSA ₹50 Lakh, Policy Term 25 years, Interest Rate 8%. The Risk Cover Schedule (year-wise decreasing death benefit) is calculated using the equated annual loan repayment formula and accurately reflects the outstanding loan balance for the chosen interest rate and policy term. Actual premiums depend on age, exact policy term, smoking status, interest rate, and Sum Assured. Smoker premiums will be higher. Special rates apply for women. High Sum Assured rebate has been applied based on BSA slabs. For BSA between ₹20 Lakh and ₹35 Lakh (available for ages 21–45 for approved housing loans), differential premium rates apply — contact your LIC agent for exact rates. This plan is available offline only through LIC agents, corporate agents, brokers and insurance marketing firms. This calculator is for informational and planning purposes only and does not constitute an insurance proposal or contract. Please visit licindia.in or contact your nearest LIC branch for purchase.

Mohibul Islam

LIC Agent & Web Developer

Mohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »

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