LIC Maturity Calculator

Select the type of LIC policy.
Enter your current age.
Total sum assured for the policy.
Duration of the policy in years.
Number of years premiums will be paid.
Annual premium (auto-calculated).
Bonus rate per ₹1,000 sum assured (default: ₹50).

Maturity Amount Breakdown

Sum Assured: ₹0

Total Bonus: ₹0

Final Additional Bonus: ₹0

Total Premium Paid: ₹0

Maturity Amount: ₹0

*This calculator provides an estimate based on the inputs provided. Actual maturity amount may vary depending on LIC's bonus rates and policy terms.

LIC Maturity Calculator Online

Planning for your future? Use our LIC Maturity Calculator to find out how much your LIC policy will be worth at maturity. Whether you have an Endowment Plan, Money Back Plan, or Term Plan, our calculator helps you estimate your maturity amount with ease.

How to Use the LIC Maturity Calculator?

Enter the Sum Assured (total coverage amount of your policy).

Input the Policy Term (duration of the policy in years).

Provide the Bonus Rate (default is ₹50 per ₹1,000 sum assured).

Click Calculate to see your maturity amount.

LIC Maturity Calculation Formula

The maturity amount for LIC policies is calculated using the following formula:

Maturity Amount = Sum Assured + (Bonus × Policy Term)

Where:

Bonus = (Sum Assured / 1000) × Bonus Rate × Policy Term

Example Calculation

Let’s say you have an LIC policy with the following details:

Sum Assured: ₹10,00,000

Policy Term: 20 years

Bonus Rate: ₹50 per ₹1,000 sum assured

Step 1: Calculate Bonus
Bonus = (10,00,000 / 1000) × 50 × 20 = ₹10,00,000

Step 2: Calculate Maturity Amount
Maturity Amount = ₹10,00,000 (Sum Assured) + ₹10,00,000 (Bonus) = ₹20,00,000

Why Use Our LIC Maturity Calculator?

Accurate Results: Get precise maturity amounts based on LIC’s bonus rates.

Easy to Use: Simple interface for quick calculations.

Free Tool: No hidden charges or fees.

Frequently Asked Questions (FAQs)

1. What is LIC Maturity Amount?
LIC maturity amount is the total amount you receive at the end of your policy term. It includes the sum assured and any bonuses declared by LIC.

2. How is LIC Bonus Calculated?
LIC bonus is calculated based on the sum assured and the bonus rate declared by LIC. The formula is:
Bonus = (Sum Assured / 1000) × Bonus Rate × Policy Term

3. Can I Use This Calculator for All LIC Policies?
Yes, our LIC Maturity Calculator works for all types of LIC policies, including Endowment Plans, Money Back Plans, and Term Plans.

4. Is the LIC Maturity Calculator Free?
Yes, our LIC Maturity Calculator is completely free to use. There are no hidden charges or fees.

Tips to Maximize Your LIC Maturity Amount

Choose the Right Policy: Select a policy that aligns with your financial goals.

Pay Premiums on Time: Avoid penalties and ensure your policy remains active.

Check Bonus Rates: Higher bonus rates mean higher maturity amounts.

Start Calculating Today!

Use our LIC Maturity Calculator to plan your financial future with confidence. Simply enter your policy details and get instant results.

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