Estimate Your LIC Maturity Amount
Use this calculator for a quick estimate of maturity value for traditional LIC-style policies (Endowment / Money Back assumptions with bonus).
Maturity = Basic Sum Assured + (SA/1000 × Bonus Rate × Policy Term) + (SA/1000 × FAB Rate)
Important: This tool provides an indicative estimate only. Actual maturity value depends on LIC declared bonus rates, policy conditions, premium payment status, and plan-specific rules.
What Is an LIC Maturity Amount?
The LIC maturity amount is the final payout you receive when your policy term ends, provided all due premiums are paid and the policy remains in-force. In most traditional plans, this payout is not just the basic sum assured. It can also include bonus components such as simple reversionary bonus and final additional bonus.
Many policyholders focus only on premium amount, but the real planning question is: how much money will I receive at maturity? That is exactly why a LIC maturity amount calculator is useful.
How This LIC Maturity Amount Calculator Works
This calculator uses a practical estimation method for bonus-based policies:
- Basic Sum Assured — the guaranteed base amount linked to your plan.
- Simple Reversionary Bonus — usually declared per ₹1,000 sum assured per year.
- Final Additional Bonus (FAB) — a one-time add-on in some plans at maturity.
After entering your policy values, the tool calculates your estimated maturity value, total premiums paid, likely gain over premiums, and an approximate annualized return indicator.
Example Calculation
| Input | Sample Value |
|---|---|
| Basic Sum Assured | ₹5,00,000 |
| Policy Term | 20 years |
| Bonus Rate | ₹45 per ₹1,000 SA per year |
| FAB Rate | ₹20 per ₹1,000 SA |
Simple Bonus = (5,00,000 / 1000) × 45 × 20 = ₹4,50,000
FAB = (5,00,000 / 1000) × 20 = ₹10,000
Estimated Maturity = ₹5,00,000 + ₹4,50,000 + ₹10,000 = ₹9,60,000
Inputs You Should Keep Ready
Before using any LIC policy maturity calculator, keep the following details handy from your policy bond or annual statement:
- Policy number and plan name
- Basic sum assured
- Policy term and premium paying term
- Current declared bonus rates for your plan
- Any final bonus or loyalty addition assumptions
Why Your Actual Maturity Value May Differ
Calculator output is an estimate. Final payout can vary due to:
- Changes in declared bonus rates over the years
- Paid-up status due to missed premiums
- Policy loan adjustments (if any)
- Plan-specific terms, survival benefits, and riders
- Tax rules applicable at maturity date
How to Use the Result for Financial Planning
1) Compare Goal vs Maturity
If your child-education goal is ₹15 lakh but estimated maturity is ₹9.6 lakh, you can plan a supplementary SIP or recurring investment to close the gap.
2) Track Return Efficiency
The approximate annualized return shown by this calculator helps you compare policy outcomes with alternatives such as PPF, debt funds, or balanced investments.
3) Review Every Year
Because bonus declarations may change, re-check maturity estimates annually instead of treating one estimate as final for the full term.
Frequently Asked Questions
Is this calculator accurate for all LIC plans?
It is best for bonus-based traditional plans. ULIPs, pure term insurance, and highly plan-specific structures need different formulas.
Does maturity include rider benefits?
Usually no. Riders like accidental death benefit are separate and depend on claim conditions.
Can I calculate paid-up maturity here?
This version assumes full premium payment. Paid-up value needs additional inputs such as number of premiums paid and paid-up factors.
Is bonus guaranteed?
Simple reversionary bonus and final additional bonus are generally declared by the insurer and are not fixed in advance for all future years.
Final Thoughts
A LIC maturity amount calculator gives clarity. Instead of guessing, you get a data-backed estimate of your likely payout and can make smarter planning decisions today. Use this tool as a planning companion, and verify final values with your insurer's official statement before making major financial decisions.