You should be familiar with the terms Maturity Value and Surrender Value if you currently own a LIC policy or intend to purchase one. These are confusing to many policyholders. Accurate estimation of these values is made simpler by our free LIC Maturity Calculator and LIC Surrender Value Calculator tools.
Let’s examine their distinctions and how you can benefit from our tools.
What is LIC Maturity Value?
The maturity value is the amount you receive when your LIC policy completes its full term. This includes:
- The sum assured
- Accumulated bonuses
- Final additional bonus (if any)
For example, if you have a ₹5 lakh policy with yearly bonuses that lasts for 20 years, the maturity value is the total payout.
With our LIC Maturity Calculator, you can quickly find this amount without having to deal with the hassle of manual calculations.
What is LIC Surrender Value?
Surrender value is the amount you receive if you end the policy before its maturity date. It is usually less than the maturity value, especially if surrendered early.
There are three types of surrender value:
- Guaranteed Surrender Value
- Special Surrender Value
- Paid-up Value
To check this, use our accurate LIC Surrender Value Calculator.
LIC Maturity Value vs Surrender Value – Key Differences
| Feature | Maturity Value | Surrender Value |
| When Paid | If the policyholder exits early | If policyholder exits early |
| Amount | Higher (includes bonuses) | Lower (partial value only) |
| Ideal for | Full policy term holders | Users needing funds early |
| Calculated with | Sum Assured + Bonuses | % of premiums paid + bonuses (if any) |
🔎 People often ask on Quora: “LIC maturity value vs surrender value – which is better?”
👉 The answer depends on whether you complete the full term or exit midway. Maturity value is always more beneficial.
Use Our Free Tools to Estimate the Correct Values 👉
Take a sip of coffee ☕ and let’s explore more about your policy.
LIC Maturity Value vs Surrender Value Calculator
Use our combined tool to compare both values instantly. Just enter your:
- Sum assured
- Policy term
- Bonus rate
- Policy status
✔️ Get an instant comparison of what you’ll receive on maturity vs what you get if you surrender today.
LIC Surrender Value After 3 Years or 5 Years
- LIC surrender value after 3 years: Most policies become eligible for surrender after paying at least 3 full years of premiums.
- LIC surrender value after 5 years: The amount increases due to accrued bonuses and more premiums paid.
Use our tool to estimate the surrender amount at any stage of your policy
How to Check LIC Surrender Value Online?
You can check the surrender value using:
- LIC’s official portal
- LIC Customer App
- Or use our LIC Surrender Value Calculator App for fast and free estimates.
“No login needed — just enter your policy info and get results in seconds!”
LIC Surrender Value Chart
If you want to understand values year by year, refer to our LIC surrender value chart inside the calculator. It gives an easy breakdown of:
- Year-wise surrender value
- Paid-up value estimates
- Bonus accumulation over time
Why Our Tool is Helpful to LIC Policyholders
✅ Easy to use with no registration
✅ Saves time and avoids manual errors
✅ Helps you plan better — whether you continue or surrender
✅ 100% free with no hidden charges
✅ Mobile-friendly for quick access anytime
Final Thoughts
Understanding the difference between LIC maturity value vs surrender value helps you make informed decisions. Our LIC calculators give you clarity and peace of mind by showing real-time estimates. Don’t make assumptions — calculate today and secure your financial future.
👉 Try our free calculator tools now!
💡 Whether you are checking LIC surrender value after 3 years, planning for maturity, or just curious, our tools are built to help you.
FAQs – LIC Maturity Value vs Surrender Value
1. Is surrender value the same as maturity value?
No, they are not the same.
Maturity value is the full amount you get at the end of the policy term.
Surrender value is the partial amount you get if you end the policy early.
👉 Maturity value is usually much higher than the surrender value.
2. What is the LIC maturity value?
LIC maturity value is the total money you receive when your LIC policy completes its full term.
It includes:
The sum assured
Bonuses added during the policy period
✅ This is the ideal payout if you keep your policy until the end.
3. How much will I get after surrendering my LIC policy?
The amount depends on:
How long you been paying premiums
The type of policy
Any bonuses collected
⏳ If you surrender early (e.g., after 3 years), the value will be lower.
📱 Use our LIC Surrender Value Calculator to know your exact amount.
4. What is the difference between sum assured and maturity value in LIC?
Sum assured is the fixed amount promised when you buy the policy.
Maturity value = Sum assured + Bonuses.
💡 The maturity value is usually higher than the sum assured due to accumulated bonuses.
5. Is it a good idea to surrender a LIC policy?
It depends on your situation:
✅ Good idea if:
You can’t afford premiums anymore
You have better investment options
🚫 Not a good idea if:
You are close to maturity
You’ll lose out on full benefits
📊 Use our calculator to compare surrender vs maturity value before deciding.
6. How can I calculate my surrender value?
You can calculate it using:
LIC’s official portal or app
Our free LIC Surrender Value Calculator tool — quick, easy, and no login needed
Just enter:
Age
Sum assured
Policy term
Paid premiums
✅ You’ll get an instant estimate of your surrender value.
