Hello, friends. To make it simple for people like me to see what they will get when their LIC policy matures, I created this LIC Maturity Calculator. It shows the maturity amount in seconds after you enter your sum assured, policy duration, and bonus rate; no math is involved. It’s quick, simple, and free to use.
Welcome to LIC Maturity Calculator
Easily calculate your maturity amount with bonus and final returns. Here
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Start Calculating NowLIC Maturity Calculator
This is an estimate; actual maturity may vary based on the LIC plan and policy terms.
Hi, I am sharing 3 important and basic examples below that users can understand. You can move to the next page if you need simpler examples.
Example 1: Basic Endowment Plan
Policy Details:
- Sum Assured: ₹2,00,000
- Policy Term: 20 years
- Yearly Bonus: ₹45 per ₹1,000
- Final Addition Bonus (FAB): ₹20,000
Maturity Calculation:
- Bonus = ₹2,00,000 ÷ 1,000 × ₹45 × 20 = ₹1,80,000
- Total Maturity = ₹2,00,000 (Sum Assured) + ₹1,80,000 (Bonus) + ₹20,000 (FAB)
👉 Total Maturity = ₹4,00,000
Example 2: Longer-Term Policy
Policy Details:
- Sum Assured: ₹5,00,000
- Policy Term: 25 years
- Yearly Bonus: ₹48 per ₹1,000
- Final Addition Bonus: ₹30,000
Maturity Calculation:
- Bonus = ₹5,00,000 ÷ 1,000 × ₹48 × 25 = ₹6,00,000
- Total Maturity = ₹5,00,000 + ₹6,00,000 + ₹30,000
👉 Total Maturity = ₹11,30,000
Example 3: Smaller Policy for 15 Years
Policy Details:
- Sum Assured: ₹1,00,000
- Policy Term: 15 years
- Yearly Bonus: ₹40 per ₹1,000
- Final Addition Bonus: ₹10,000
Maturity Calculation:
- Bonus = ₹1,00,000 ÷ 1,000 × ₹40 × 15 = ₹60,000
- Total Maturity = ₹1,00,000 + ₹60,000 + ₹10,000
👉 Total Maturity = ₹1,70,000
✔ “Understand Your LIC Maturity Calculation with Real-Life More Examples [Like Longer-Term Policy & Smaller Policy for 15 Years]
Frequently Asked Questions (FAQs)
1. What motivated me am develop the LIC Maturity Calculator tool?
To assist users in quickly estimating the maturity amount of their LIC policy without requiring intricate computations.
2. Is it free to use the calculator?
Yes, everyone can use it for free.
3. Do I have to register to use it?
No, neither a sign-up nor a login is necessary.
4. Is the maturity amount displayed entirely correct?
Please check with LIC for precise amounts, as it provides a close estimate based on general LIC formulas.
5. Is my personal information shared or stored?
No, we don’t gather or keep any personal data.
6. Can I use my phone to access the calculator?
Yes, it is compatible with all devices and is mobile-friendly.
