LIC Maturity Calculator

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How LIC Maturity Calculator Works?

The LIC Maturity Calculator helps you estimate the final payout you'll receive from your Life Insurance Corporation policy at maturity, based on the sum assured, policy term, and bonus rates.

  • Step 1: Select your policy type (Endowment, Money Back, or Whole Life).
  • Step 2: Enter your sum assured amount (the basic coverage amount).
  • Step 3: Input your policy term in years.
  • Step 4: Provide the bonus rate (per ₹1000 sum assured per year).
  • Step 5: Enter any final additional bonus and guaranteed additions.
  • Step 6: The calculator computes your total maturity value by adding all components.

Key Components of Maturity Calculation

  • Sum Assured: The base amount guaranteed by your policy.
  • Bonus: Annual additions (₹50 per ₹1000 SA means ₹50,000 yearly for ₹10 lakh SA).
  • Final Additional Bonus: One-time bonus paid at maturity.
  • Guaranteed Additions: Fixed amounts added annually (for certain policies).
  • Survival Benefits: For money-back policies, periodic payouts during the term.

Helpful Information About LIC Maturity

What is LIC maturity value?

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.

How does the LIC maturity calculator work?

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.

Can I calculate LIC maturity using my policy number?

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.

What factors affect the LIC maturity amount?

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.

Is online LIC maturity calculation accurate?

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.

Frequently Asked Questions (FAQs)

An LIC maturity calculator is a tool that helps you estimate the maturity amount you will receive at the end of your LIC policy term, based on your plan details and bonuses.

Yes, with a LIC maturity calculator by policy number, you can manually enter your policy details to calculate your maturity amount. However, it does not pull live data from LIC servers.

The LIC maturity amount calculator uses inputs like premium paid, policy term, and bonus rates to provide an estimated final payout at policy maturity.

While the LIC maturity calculator online offers close estimates, the actual maturity amount may vary based on LIC’s bonus declarations and policy terms.

Yes, our LIC maturity calculator is completely free to use with no sign-up or installation required. It's accessible on all devices, including smartphones.