LIC Maturity Calculator – The Ultimate Guide (2024-25)

 

LIC Maturity Calculator – The Ultimate Guide (2024-25)

What is an LIC Maturity Calculator?

An LIC Maturity Calculator is a free online tool that helps policyholders estimate the final maturity value of their Life Insurance Corporation (LIC) policies. It calculates:

Sum Assured (guaranteed amount)
Bonus Accumulation (Simple & Final Additional Bonus)
Total Returns (including premiums paid)
Year-wise Growth (for better financial planning)

This calculator works for all major LIC policies, including:

  • Endowment Plans (e.g., LIC Jeevan Anand, LIC Jeevan Labh)
  • Money-back plans (e.g., LIC Money Back 20, LIC New Money Back)
  • Whole Life Plans
  • ULIPs (market-linked returns)

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How Does the LIC Maturity Calculator Work?

Our calculator uses LIC’s official bonus rates (updated for 2024-25) to provide accurate maturity estimates. Here’s how it calculates your policy’s maturity value:

1. Input Your Policy Details

  • Sum Assured (Coverage amount)
  • Policy Term (Duration in years)
  • Premium Payment Term (If different from policy term)
  • Annual Premium (Yearly payment)

2. Bonus Calculation

  • Simple Reversionary Bonus (Yearly bonus per ₹1000 sum assured)
  • Final Additional Bonus (One-time bonus at maturity)

3. Final Maturity Value

The calculator adds:
Sum Assured (Base amount)
Total Bonus Accumulated (Yearly bonuses)
Final Additional Bonus (Extra payout)

Formula:

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Maturity Value = Sum Assured + (Bonus Rate × Policy Term × (Sum Assured / 1000)) + Final Additional Bonus

How to Use the LIC Maturity Calculator?

Follow these simple steps:

  1. Select Your Policy Type (Endowment, Money Back, ULIP, etc.)
  2. Enter Sum Assured (e.g., ₹500,000)
  3. Input Policy Term (e.g., 20 years)
  4. Provide Premium Details (Yearly premium & payment term)
  5. Click "Calculate" → Get instant maturity value!

Example Calculation:

Policy Type

Sum Assured

Term

Bonus Rate (per ₹1000)

Final Bonus

Maturity Value

LIC Jeevan Anand

₹10,000,000

20 years

₹45

₹20

₹1,940,000

(Note: Actual maturity may vary slightly based on LIC’s final declared rates.)


Why Use Our LIC Maturity Calculator?

100% Free & No Registration Needed
Updated with 2024-25 Bonus Rates
Works for All LIC Policies
Shows Year-wise Bonus Growth
Helps Compare Different LIC Plans


Frequently Asked Questions (FAQs)

1. Is the LIC Maturity Calculator accurate?

Yes! Our calculator uses LIC’s official bonus rates for 2024-25. However, final maturity values depend on LIC’s declared rates at the time of maturity.

2. Can I use this for surrendered policies?

No. This calculator estimates maturity value, not surrender value (which is usually lower).

3. Which LIC plans does this calculator support?

It works for:

  • Endowment Plans (Jeevan Anand, Jeevan Labh)
  • Money-Back Plans (New Money Back 20, 25)
  • Whole Life Plans
  • ULIPs (returns depend on market performance)

4. How often are bonus rates updated?

We update the calculator every April when LIC announces new bonus rates.

5. Is this calculator free to use?

Yes! No registration or payment is required.


Start Calculating Your LIC Maturity Value Now!

🚀 Plan your finances better
🚀 Compare different LIC policies
🚀 Know your expected returns

Use Free LIC Maturity Calculator Now (Link to your tool)


Final Thoughts

An LIC Maturity Calculator helps you make informed decisions about your insurance investments. Whether you’re planning for retirement, your child’s education, or wealth creation, this tool ensures financial clarity.

📢 Pro Tip: Bookmark this page and recalculate when LIC updates bonus rates!

(Disclaimer: Results are estimates. Actual maturity values may vary based on LIC’s final declarations.)

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