What is an LIC Maturity Calculator?

An LIC Maturity Calculator is a specialized digital tool designed to help policyholders estimate the final payout amount they will receive when their Life Insurance Corporation (LIC) policy reaches maturity. This calculator provides a detailed projection of your policy’s growth by considering

1. Sum Assured (Guaranteed Amount)
   • The base coverage amount is promised in your policy document.
   • This is the minimum guaranteed amount you will receive at maturity.
2. Bonus Accumulation
   • Simple Reversionary Bonus: Annual bonuses declared by LIC per ₹1,000 sum assured.
   • Final Additional Bonus (FAB): A one-time bonus paid at maturity (higher for long-term policies).
   • Loyalty Additions (for Whole Life Plans): Extra benefits if the policy continues beyond the term.
3. Total Returns (Including Premiums Paid)
   • Shows the total amount invested (premiums paid) vs. final maturity value.
   • Helps assess the effective returns on your LIC policy.
4. Year-wise Growth Projection
   • Breaks down how bonuses accumulate each year.
   • Useful for financial planning (e.g., retirement, child’s education).

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Who Should Use This Calculator?

✔ Existing LIC Policyholders – Check your expected maturity value.
✔ New Buyers – Compare different LIC plans before investing.
✔ Financial Planners – Help clients optimize insurance investments.
✔ Retirement Planners – Estimate future corpus from LIC policies.

How Does the LIC Maturity Calculator Work?

Step 1: Input Policy Details

• Policy Type (Endowment, Money Back, Whole Life, ULIP)
• Sum Assured (e.g., ₹5,00,000)
• Policy Term (e.g., 20 years)
• Premium Payment Term (if different from policy term)
• Annual Premium (e.g., ₹25,000/year)

Step 2: Bonus Rate Calculation

• Default rates are pre-filled based on LIC’s latest declarations (2024-25).
• Users can adjust rates if they know the exact values.

This calculator works for all major LIC policies, including:

• Endowment Plans (e.g., LIC Jeevan Anand, LIC Jeevan Labh)
• Money-back plans (e.g., LIC Money Back 20, LIC New Money Back)
• Whole Life Plans
• ULIPs (market-linked returns)

Step 3: Final Maturity Value Calculation

The calculator uses this formula:

Maturity Value = 
Sum Assured + 
(Simple Bonus × Policy Term × (Sum Assured / 1000)) + 
Final Additional Bonus

How to Use the LIC Maturity Calculator?

Follow these simple steps:

1. Select Your Policy Type (Endowment, Money Back, ULIP, etc.)
2. Enter Sum Assured (e.g., ₹500,000)
3. Input Policy Term (e.g., 20 years)
4. Provide Premium Details (Yearly premium & payment term)
5. Click “Calculate” → Get instant maturity value!

Example Calculation:

(Note: Actual maturity may vary slightly based on LIC’s final declared rates.)

Why is an LIC Maturity Calculator Useful?

1. Financial Planning

• Helps estimate future liquidity for major expenses (education, marriage, retirement).
• Allows comparison with other investment options (FDs, mutual funds).

2. Policy Comparison

• Shows which LIC plan gives better returns (Endowment vs. Money Back).
• Helps decide whether to continue or surrender a policy.

3. Transparency

• Eliminates guesswork – know exactly how much your policy will grow.
• Avoids mis-selling by agents with unrealistic return promises.

4. Tax Planning

• Maturity proceeds are tax-free under Section 10(10D) if conditions apply.
• Helps in tax-efficient wealth creation.

Frequently Asked Questions (FAQs)

1. Is the LIC Maturity Calculator accurate?

Yes! Our calculator uses LIC’s official bonus rates for 2024-25. However, final maturity values depend on LIC’s declared rates at the time of maturity.

2. Can I use this for surrendered policies?

No. This calculator estimates maturity value, not surrender value (which is usually lower).

3. Which LIC plans does this calculator support?

It works for:

• Endowment Plans (Jeevan Anand, Jeevan Labh)
• Money-Back Plans (New Money Back 20, 25)
• Whole Life Plans
• ULIPs (returns depend on market performance)

4. How often are bonus rates updated?

We update the calculator every April when LIC announces new bonus rates.

5. Is this calculator free to use?

Yes! No registration or payment is required.

Start Calculating Your LIC Maturity Value Now!

Why You Should Use Our LIC Maturity Calculator Today

🚀 Plan Your Finances Better

Our LIC Maturity Calculator helps you make smarter financial decisions by showing:

• The exact maturity value you’ll receive from your policy
• Year-by-year growth of your investment
• Comparison with other investment options (FDs, mutual funds, etc.)
• Future financial readiness for major expenses like:
  • Children’s education fees
  • Marriage expenses
  • Retirement corpus planning
  • Home down payment

🚀 Compare Different LIC Policies

Make informed investment choices by:

• Seeing which LIC plan gives higher returns (Endowment vs Money Back)
• Understanding how policy term affects maturity value
• Checking how bonus rates impact final payout
• Evaluating if you should:
  • Continue your existing policy
  • Buy additional coverage
  • Switch to better-performing plans

🚀 Know Your Expected Returns

Get complete transparency about:

1. Total Premiums Paid vs Maturity Value
2. Effective Annual Return Rate on your policy
3. Bonus Accumulation over the policy term
4. Tax Benefits (Section 80C and 10(10D))
5. Inflation-adjusted value of your maturity amount

How to Get Started in 3 Simple Steps

1. Enter Your Policy Details
   • Policy type (Endowment/Money Back/ULIP)
   • Sum assured amount
   • Policy term and premium payment years
   • Annual premium amount
2. View Instant Calculations
   • Detailed maturity value breakdown
   • Year-wise bonus accumulation
   • Total returns analysis
3. Make Smarter Decisions
   • Download/save your calculation
   • Compare multiple policies
   • Consult financial advisor if needed

Special Features of Our Calculator

✅ Updated with LIC’s 2024-25 Bonus Rates
✅ Works for All LIC Policy Types
✅ No Registration Required – 100% Free
✅ Mobile-Friendly Design
✅ Save/Print Calculation Results

Pro Tip: Bookmark this calculator and recalculate it whenever LIC announces new bonus rates!

👉 Click here to use the Free LIC Maturity Calculator Now.

Example: A ₹10 lakh LIC Jeevan Anand policy (20-year term) may grow to ₹24-28 lakhs at maturity, including bonuses!

(Note: Results are estimates. Actual maturity depends on LIC’s final bonus declarations.)

Final Thoughts

An LIC Maturity Calculator helps you make informed decisions about your insurance investments. Whether you’re planning for retirement, your child’s education, or wealth creation, this tool ensures financial clarity.

📢  Pro Tip: Bookmark this page and recalculate when LIC updates bonus rates!

(Disclaimer: Results are estimates. Actual maturity values may vary based on LIC’s final declarations.)