Enter Policy Details
Example Data Table
| Case | Sum Assured | Annual Premium | Term | Bonus Rate | Estimated Net Maturity |
|---|---|---|---|---|---|
| Basic Endowment | ₹500,000 | ₹35,000 | 20 years | ₹45 per 1000 | ₹1,075,000 before deductions |
| Higher Cover | ₹1,000,000 | ₹72,000 | 25 years | ₹48 per 1000 | ₹2,450,000 before deductions |
| Shorter Term | ₹300,000 | ₹28,000 | 15 years | ₹40 per 1000 | ₹555,000 before deductions |
Formula Used
Vested Bonus = Sum Assured ÷ 1000 × Bonus Rate × Policy Term
Final Additional Bonus = Sum Assured ÷ 1000 × Final Bonus Rate
Loyalty Addition = Sum Assured ÷ 1000 × Loyalty Rate
Survival Benefit = Sum Assured × Survival Benefit Percent ÷ 100
Gross Maturity = Sum Assured + Vested Bonus + Final Bonus + Loyalty Addition + Survival Benefit + Rider Benefit
Net Maturity = Gross Maturity − Tax − Loan − Other Deductions
Total Return = Net Maturity − Total Premium Paid
How To Use This Calculator
Enter the sum assured shown in your policy bond. Add the annual premium and choose the payment mode. Enter policy term and premium paying term. Add bonus rates when known. Use estimated rates only when official values are not available. Add survival benefits for money back plans. Add loan, tax, or other deductions if they apply. Press the calculate button. The result will appear above the form.
LIC Maturity Amount Planning Guide
Understanding The Estimate
A maturity amount is the value paid when a life insurance policy reaches its full term. For many traditional policies, the amount may include the sum assured, vested bonus, final additional bonus, and loyalty addition. Some plans may also include survival benefits. This calculator helps place these parts in one clear view.
Why Inputs Matter
The sum assured is the base value. The premium shows your cash outflow. The policy term shows how long the cover runs. The premium paying term shows how many years you pay. Bonus rates can change by plan, year, and insurer declaration. So the result should be treated as an estimate, not a guaranteed quote.
Using Bonus Values
Bonus rates are often stated per thousand of sum assured. This is why the calculator divides the sum assured by one thousand. It then multiplies that value by the declared rate. Vested bonus is usually linked with the policy term. Final additional bonus and loyalty addition may be added near maturity, based on plan rules.
Checking Real Returns
The maturity figure can look large after many years. Yet premiums are paid over time. Inflation also reduces future purchasing power. This tool therefore includes total premium paid, profit, simple annual yield, and inflation adjusted value. These figures give a wider view of the policy outcome.
Handling Deductions
Loans, unpaid dues, taxes, and other deductions may reduce the final payout. Enter them only when they apply. A tax field is included for flexible planning. Tax rules can differ by case. Always confirm tax treatment with a qualified adviser before making a final decision.
Better Policy Review
Use the calculator for comparison. Try one case with conservative bonus rates. Try another with higher rates. Compare plans by net maturity, total premium paid, and estimated return. This method helps you avoid judging a policy by the maturity amount alone.
FAQs
What is LIC maturity amount?
It is the amount payable when the policy completes its term. It may include sum assured, bonuses, loyalty additions, and other eligible benefits.
Is this calculator an official LIC tool?
No. It is an estimate tool. Use official policy documents, branch statements, or insurer notices for confirmed maturity values.
What is bonus rate per 1000?
It means bonus is calculated for every one thousand rupees of sum assured. The rate can vary by policy type and year.
Does the calculator include final additional bonus?
Yes. Enter the final bonus rate per thousand. The calculator adds it separately to show its effect on maturity value.
Can I calculate money back policy maturity?
Yes. Use the survival benefit percent field. It adds money back style benefits to the gross maturity estimate.
Why is my net maturity lower?
Net maturity falls when loans, taxes, or other deductions are entered. These values reduce the gross maturity amount.
Does inflation affect maturity value?
Inflation does not reduce the actual payout. It reduces purchasing power. The calculator shows an inflation adjusted value for planning.
Can I download the result?
Yes. Use the CSV button for spreadsheet data. Use the PDF button for a printable summary of the calculated result.