LIC Maturity Amount Calculator
Understanding the LIC Maturity Amount Calculator
The LIC Maturity Amount Calculator helps you estimate how much you will receive at the end of your Life Insurance Corporation (LIC) policy term. It takes into account your yearly premium, policy duration, bonus rate, and sum assured to calculate your final maturity value.
This tool is especially helpful for policyholders who want a clear idea of their LIC maturity amount, bonus earnings, and total returns without going through manual calculations.
How the LIC Maturity Amount Is Calculated
The maturity amount of an LIC policy usually includes:
- Sum Assured – The guaranteed amount paid at the end of the policy term.
- Bonus – The additional benefit declared every year based on ₹1,000 of the sum assured.
- Final Additional Bonus (FAB) – Applicable to some long-term policies, depending on LIC’s performance.
The general formula used for maturity value is:
Maturity Amount = Sum Assured + (Bonus Rate × Sum Assured / 1000 × Policy Term)
With this calculator, you can easily input your data and find your LIC policy maturity value within seconds.
Benefits of Using the LIC Maturity Calculator
1. Quick and Accurate Results
No more manual calculations or confusion. The tool gives an instant estimate of your LIC maturity amount, including bonus and total premium paid.
2. Easy to Use on Any Device
The calculator is mobile-friendly and works seamlessly on desktops, tablets, and smartphones — ideal for users who want quick results on the go.
3. Helps in Financial Planning
Knowing your LIC maturity value allows you to plan your future investments, retirement goals, and savings more effectively.
4. Works for All Policy Types
You can use it for various LIC plans, including endowment policies, money-back plans, and whole-life insurance schemes.
Why You Should Calculate Your LIC Maturity Value
When you invest in a life insurance plan, it’s important to understand how much you’ll receive at maturity. The LIC Maturity Amount Calculator provides transparency, helping you make informed decisions.
By using the tool regularly, you can compare different policies, estimate future payouts, and ensure that your insurance and savings goals align with your long-term plans.
Example of LIC Maturity Calculation
Let’s assume the following:
- Yearly Premium: ₹20,000
- Policy Term: 20 years
- Sum Assured: ₹5,00,000
- Bonus Rate: ₹45 per ₹1,000
Total Bonus = (45 × 500000 / 1000) × 20 = ₹4,50,000
Maturity Amount = 5,00,000 + 4,50,000 = ₹9,50,000
So, your expected LIC maturity value will be ₹9,50,000.
Important Notes
- The maturity amount shown is an approximation and may vary depending on the specific LIC plan and bonus rates declared each year.
- Always verify the actual maturity value with your LIC agent or through the official LIC portal.
Final Thoughts
The LIC Maturity Amount Calculator is a simple yet powerful financial tool designed to help you understand your policy returns and plan your future wisely. Whether you’re an existing policyholder or planning to invest in a new LIC policy, this calculator offers the clarity and confidence you need.