How LIC Maturity Calculator Works

Understand how your policy's maturity value is calculated with these key components.

Sum Assured

The base amount guaranteed by your policy. This is the minimum amount you'll receive at maturity or in case of an unfortunate event.

Bonuses

LIC declares bonuses annually based on its performance. These are added to your policy and paid at maturity.

Guaranteed Additions

Some policies offer fixed additions every year, which are guaranteed regardless of LIC's performance.

LIC Maturity Calculator – Estimate Your Policy Returns Easily

Understand LIC maturity value, calculation methods, examples, and FAQs

Planning your financial future often involves understanding how much return you will get from your insurance policies. An LIC Maturity Calculator is a simple online tool that helps you estimate the final payout you will receive when your LIC policy matures. This payout usually includes the Sum Assured, Accrued Bonuses, Final Additional Bonus, and Guaranteed Additions (if applicable).

In this guide, we’ll explain how the calculator works, the different components of LIC maturity value, and provide examples and tables to make it easy to understand.

What is LIC Maturity Value?

The LIC maturity value is the amount you receive once your policy term ends. This amount includes:

  • Sum Assured – The guaranteed amount promised by LIC at maturity.
  • Reversionary Bonus – Declared annually by LIC, linked to company profits.
  • Final Additional Bonus (FAB) – A one-time bonus at maturity (if applicable).
  • Guaranteed Additions – Fixed additions in some policies, independent of profits.
  • Survival Benefits – In money-back plans, part of the maturity comes as periodic payouts during the policy term.

How Does the LIC Maturity Calculator Work?

Our LIC Maturity Calculator Online uses the following formula:

Maturity Value = Sum Assured + (Bonus Rate × Policy Term × (Sum Assured ÷ 1000)) + Final Bonus + Guaranteed Additions + Survival Benefits

Example of LIC Maturity Calculation

Example:

Policy Type: Endowment Plan

Sum Assured: ₹5,00,000

Policy Term: 20 years

Bonus Rate: ₹45 per ₹1000 sum assured per year

Final Bonus: ₹25,000

Guaranteed Additions: ₹50,000

Total Maturity Value = ₹10,25,000

Benefits of Using LIC Maturity Calculator Online

  • Quick & Easy – Get instant results without manual calculations.
  • Accurate Estimates – Understand your expected returns clearly.
  • Policy Comparison – Compare different policy types before investing.
  • Financial Planning – Plan long-term goals like children’s education, retirement, or buying a house.

Can You Calculate LIC Maturity by Policy Number?

Many users search for a LIC maturity calculator by policy number. While no online tool can directly fetch your maturity value using just the policy number, you can still:

  • Input details from your policy bond into the calculator.
  • Get an approximate maturity value using bonus rates and term.
  • Contact your LIC agent for exact figures.

Key Factors Affecting LIC Maturity Amount

  • Policy Type – Endowment, Money Back, or Whole Life.
  • Policy Term – Longer terms usually earn higher bonuses.
  • Sum Assured – Higher sum assured means bigger payouts.
  • Bonus Rates – Vary depending on LIC’s annual performance.
  • Additional Benefits – Loyalty additions, guaranteed additions, or survival benefits.

Final Thoughts

An LIC Maturity Calculator is a must-have tool if you want to plan your finances effectively. It helps you get a clear idea of how much you’ll receive at the end of your policy, ensuring that you can align it with your financial goals.

Use our LIC Maturity Calculator Online to check your expected returns today.

Disclaimer: This calculator provides approximate values based on inputs. For exact details, please refer to your official policy document or consult your LIC agent.

Frequently Asked Questions

Answers to common questions about LIC maturity, policy returns, and calculation accuracy

The LIC maturity value is the final amount you receive when your LIC policy term ends. It includes the sum assured along with bonuses. You can use an LIC maturity calculator to estimate this amount in advance.

The LIC maturity amount is the total amount you receive at the end of your policy term. It is calculated by adding the Sum Assured, plus any Accrued Bonuses, plus Final Additional Bonus (if applicable). For example, if your policy's Sum Assured is ₹5,00,000 and you have accrued bonuses of ₹1,50,000 with a final bonus of ₹20,000, then your maturity amount will be ₹6,70,000.

An LIC maturity calculator online computes the maturity amount based on your policy term, premium, and applicable bonuses. It helps you plan better by giving a close estimate of your return.

While most tools do not fetch exact data from LIC servers, a smart LIC maturity calculator by policy number can help you track and calculate expected returns if you input the right policy details manually.

The LIC maturity amount calculator considers the type of policy, premium amount, policy term, and applicable bonuses. These components determine your final payout on maturity.

A reliable LIC maturity calculator online gives a close estimate, but for exact figures, refer to your official policy documents or consult your LIC agent.