Terms of Service
Effective Date: September 24, 2026 | Last Updated: FY 2026-27
Informational & Educational Calculator Notice
All calculators, algorithms, tables, charts, and guides on licsodho.in are developed for educational and estimation purposes only. We are not an insurance company, insurance broker, corporate agent, or web aggregator. We do not solicit insurance or issue binding policies.
1. Acceptance of Terms
By accessing, browsing, or utilizing the interactive calculators, tools, and content on licsodho.in("the Website", "Platform", "we", "our"), you acknowledge that you have read, understood, and agreed to be bound by these Terms of Service and our Privacy Policy. If you do not agree with any part of these terms, you must refrain from using the Website.
2. Nature of Calculators & Estimation Limitations
The calculations, premium estimates, bonus projections, surrender estimates, loan approximations, and investment returns provided across our site are computational projections derived from:
- Publicly published rate charts and circulars of Life Insurance Corporation of India (LIC).
- Standard actuarial formulas, modal rebate percentages (e.g., 2% yearly, 1% half-yearly), and High Sum Assured rebates.
- Statutory Goods & Services Tax (GST) slabs (4.5% first year / 2.25% renewal for endowment plans; 18% for pure term plans; 1.8% for annuities).
- Historic Simple Reversionary Bonus and Final Additional Bonus (FAB) trends.
Crucial Notice:Actual policy quotes, medical underwriting loading, occupational hazards, rider acceptance, and claim settlements are strictly governed by LIC's central underwriting authorities at the time of official policy purchase. No calculation produced on this website constitutes a legally binding offer or guarantee of insurance coverage.
3. Disclaimer of Financial Advisory or Intermediary Status
LIC Sodho is an independent financial technology education portal:
No IRDAI Registration as Intermediary: LIC Sodho is not registered as an insurance agent, broker, corporate agent, or web aggregator with the Insurance Regulatory and Development Authority of India (IRDAI).
No Insurance Solicitation: We do not sell insurance contracts, collect insurance premiums, receive commission on policy sales, or issue policy bonds.
No SEBI Investment Advice: Content on our site does not constitute investment advice, legal advice, or tax consultancy under Securities and Exchange Board of India (SEBI) guidelines. Always consult a certified Chartered Accountant or authorized financial planner.
4. Intellectual Property & Nominative Fair Use
The layout, code, software algorithms, interactive UI sliders, graphics, and written analysis on licsodho.in are protected under copyright and intellectual property laws of India.
Trademark Ownership:
The terms "LIC", "Life Insurance Corporation of India", policy plan names (e.g., "Jeevan Labh", "Jeevan Umang", "Tech Term", "Jeevan Utsav"), and related marks are registered trademarks of the Life Insurance Corporation of India.
These names and trademarks are used on this website strictly for descriptive, nominative, and educational identification to allow Indian consumers to research and estimate premium obligations accurately under the fair use doctrine of Indian trademark law.
5. User Conduct & Acceptable Use
You agree to use our website only for lawful, personal, non-commercial educational purposes. You agree NOT to:
- Scrape, crawl, or harvest calculator data through automated bots, spiders, or headless browsers without prior authorization.
- Reverse engineer, decompile, or extract the proprietary calculation algorithms or codebase.
- Misrepresent or re-publish our estimates as binding quotes or guarantee them to third parties.
- Attempt to disrupt server availability, bypass security, or inject malicious scripts.
6. Limitation of Liability
To the maximum extent permitted by applicable Indian law, LIC Sodho, its creators, operators, and contributors disclaim all warranties, express or implied, including fitness for a particular financial purpose or accuracy of numerical calculations.
In no event shall LIC Sodho be held liable for any direct, indirect, incidental, consequential, or punitive damages, or financial losses arising from actions taken, investments made, or insurance policies purchased or surrendered based on information or calculations obtained from this website.
7. Third-Party Websites & External Links
Our website may contain hyperlinks to third-party portals, including official LIC portals (e.g., licindia.in ) or IRDAI websites. We have no authority or responsibility over external web content, terms, or services.
8. Governing Law & Dispute Resolution
These Terms shall be governed, interpreted, and enforced in accordance with the laws of the Republic of India. Any legal dispute, claim, or controversy arising out of or relating to your use of this platform shall be subject to the exclusive jurisdiction of the competent courts located in India.
9. Contact & Inquiries
If you have any questions, legal notices, or feedback regarding these Terms of Service, please reach out to our team at shyamihtc@gmail.com.