Estimate your final payout from LIC policies based on sum assured, term, and bonus rates.
Understand how your policy's maturity value is calculated with these key components.
The base amount guaranteed by your policy. This is the minimum amount you'll receive at maturity or in case of an unfortunate event.
LIC declares bonuses annually based on its performance. These are added to your policy and paid at maturity.
Some policies offer fixed additions every year, which are guaranteed regardless of LIC's performance.
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.