LIC Digi Term Plan 876 Calculator: Quick Premium Estimator Guide 2026

1. Introduction

You need fast estimates for term insurance premiums and coverage. The LIC Digi Term Plan 876 calculator provides that tool for free online. It works in a few clicks because this pure protection plan from LIC secures your family against loss.

You get choices like level sum assured or increasing sum assured. The calculator saves time since you skip branch visits and agent calls. It delivers reliable numbers from your details so you plan better.

---

2. About the Plan - Key Details

Plan Overview: LIC's Digi Term Plan 876 is a non-linked, non-participating individual pure risk premium term assurance plan. It gives straightforward life protection.

Eligibility: Entry age 18 to 45 years. Maturity up to 75 years. Indian residents only.

Sum Assured: Starts at Rs 50 lakhs with no upper limit after underwriting.

Premium Payment: Regular or Limited Pay. Digital purchase only.

---

3. Key Features & Benefits

Death Benefit Options:

• Level Sum Assured: Death in the term pays full sum assured.
• Increasing Sum Assured: Increases from 100 percent base by 10 percent each year to 200 percent max.

Tax Perks: You deduct premiums under Section 80C up to Rs 1.5 lakhs a year. Death proceeds stay tax-free under Section 10(10D).

Premium Advantages: Women get lower premiums often. Non-smokers pay less.

---

4. How to Use the Calculator

Step 1: Enter Date of Birth

Select your birthdate. Figures age on nearer birthday basis.

Step 2: Select Death Benefit Option

Choose Level Sum Assured or Increasing Sum Assured.

Step 3: Input Sum Assured

Enter amount from Rs 50 lakhs minimum.

Step 4: Choose Policy Term

Select term from 10 to 40 years.

Step 5: Specify Gender and Smoker Status

Pick correctly for accurate rates.

Step 6: Calculate

Press Calculate to see your premium estimate.