LIC Maturity Calculator: Your Essential Tool to Estimate Policy Payouts
November 8, 2025
When you are planning your future financial goals, knowing the amount the life insurance plan will be able to pay when it matures is vital. It is important to know the LIC maturity calculator is an effective tool to estimate the amount of your policy’s maturity benefits. If you’re thinking of purchasing new insurance or you already have an LIC policy it can provide you with a clear understanding of what you can expect to see when the time comes to end the policy’s term. In this article we’ll look at what the LIC maturity calculator functions, how to make use of it, and the reasons the reasons it’s an essential tool for every LIC policyholder.
What is the LIC Maturity Calculator?
The LIC maturity calculator is an online tool that is provided through Life Insurance Corporation of India (LIC) as well as other reputable insurance sites. It aids policyholders calculate the maturation benefit which refers to the value they get upon the date that their LIC policy is due to expire. The maturity benefit is typically the amount assured, bonus and any final bonuses that have accrued during the duration of the policy.
Utilizing the LIC maturity calculator that you can easily estimate the amount you might possibly receive at the end of the policy’s duration depending on the amount of premiums you pay in the past, the sum assured, and the assumed bonus.
How Does the LIC Maturity Calculator Work?
In order to use the maturity calculator of the LIC it is necessary to provide the basics of the policy. These inputs enable the calculator to calculate the value of your maturity. This is a list of the major inputs:
| Input | Why It Matters |
|---|---|
| Sum Assured | The amount you are guaranteed by your insurance will pay upon maturity or in the event of death. |
| Policy Term | The term is the period of time for which the plan will be in force (e.g. 15 20 or 25 years). |
| Annual Premium | It is the amount that you have to pay annually, that affects your accumulated benefits. |
| Number of Premiums Paid | The amount of premiums you’ve paid. The longer the period of premium payment greater the reward. |
| Bonus Rate | It is the assumed rate of bonus that contributes to the maturity benefits for participants in the policy. |
| Policy Type | The kind of insurance (e.g. endowment, money-back etc. ) is what will determine the payout and bonus structure. |
What the LIC Maturity Calculator Provides
After you have entered these information After you enter these details, the maturity calculator of the LIC will give you an estimate of
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Maturity Benefit The entire amount due at the expiration of the period.
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Bonuses A rough estimation of the amount of bonuses that were that have been accumulated over the course of the policy (for participants in the policies).
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Final Bonus The bonus is a one-time benefit that is paid at the point of maturity, dependent on the policy’s performance.
Why Should You Use the LIC Maturity Calculator?
Utilizing this LIC maturity calculator has several advantages:
1. Quick and Transparent Estimates
The LIC maturity calculator gives a fast and clear estimation of what you could anticipate at the end of the policy’s duration. It provides you with a better understanding of your payout potential which makes financial planning much easier.
2. Compare Different Policies
If you own several LIC policies, or you are looking at an upgrade to your policy The calculator lets you to evaluate the benefits of maturity over a variety of choices. You can input various Sum assured values, policies terms, and premiums to determine the most suitable plan for your requirements.
3. Aids with Financial Planning
Utilizing the maturity calculator for LIC You can calculate the amount you’ll receive at the conclusion period of your policy. This can help you plan for future financial goals such as marriage, children’s education retirement, or purchasing an investment property.
Example of Using the LIC Maturity Calculator
Let’s take an example of when you utilize the LIC maturity calculator to calculate the benefit of maturing the policy.
Assumptions:
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Policy Type: LIC Jeevan Anand
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Sum Assured: Rs10,00,000
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Policy The Term 20 years
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Premium Pay Term 15 years
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Annual Premium: Rs50,000
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Bonus Rate: Rs42 per Rs1,000 sum assured
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Terminal Bonus: Rs22 per Rs1,000 sum assured
Estimate Using the Calculator:
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Free: (Rs10,00,000 / Rs1,000) + Rs42 20 years equals Rs8,40,000
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Terminal Bonus: (Rs10,00,000 / Rs1,000) x Rs22 = Rs2,20,000
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Maturity Benefit: Rs10,00,000 (sum assured) + Rs8,40,000 (bonus) + Rs2,20,000 (terminal bonus) = Rs20,60,000
The maturity calculator of the LIC offers a simple method of calculating these figures and assists you in understanding how bonuses and terminal bonuses can boost the maturity benefits over time.
Factors That Affect Your Maturity Benefit
Many factors impact the calculation of the maturity benefit in The LIC maturity calculator:
| Factor | Impact on Maturity Benefit |
|---|---|
| Premium Paid | The higher your premiums, the more you will earn in cumulative benefits. |
| Policy Term | A longer term in the policy gives longer time to accrue interest and bonuses. |
| Bonus Rate | A higher rate of bonus is a bigger payout. Participating policies offer bonus payouts based on the performance of LIC. |
| Policy Type | Certain policies, such as endowment or money-back policies, have different payout structure compared the term-insurance. |
| Terminal Bonus | Policies with terminal bonus payout an additional amount upon the end of the term. |
Things to Remember About the LIC Maturity Calculator
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Bonus Rates aren’t guaranteed Calculators assume an approximate bonus rate which can change over the course of time. LIC announces annual bonuses according to their financial performances, therefore the actual amount of bonus could vary.
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not a final amount the LIC maturity calculator offers an estimation. The actual benefit of maturing depends on specific policy factors and bonuses announced by LIC.
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Resigning the Policy Early If you choose to cancel the policy prior to the expiration date your maturity benefits will be diminished and you will be able to receive an amount equivalent to the amount of the surrender instead.
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Taxes Maturity benefits could be tax-exempt according to the section 10(10D) (D) of the Income Tax Act, depending on the total amount paid out and other variables.
- LIC Surrender Value Calculator: How to Estimate Your Policy’s Surrender Value and Make Informed Decisions
When Should You Use the LIC Maturity Calculator?
You should make use of the maturity calculator of the LIC to determine the maturity of your LIC in these scenarios:
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Prior to purchasing a Policy to understand the possible maturity benefits in relation to the sum assured and the policy term.
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Reviewing an existing policy If you’d like to know what amount you’ll get as your policy matures especially if the policy has been in force for a number of years.
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Compiling Policy If you own several LIC policies this calculator will help you to compare the maturity benefits across all of them, and choose the best one.
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financial planning If you’d like to determine how much you’ll earn to budget for future expenses such as weddings, education, or retirement.
Conclusion
The LIC maturity calculator is an invaluable tool to determine the value of maturity from your LIC policy. It can help you make better financial decisions as it provides an estimate of the amount you’ll get as your policy ages. If you know the way that bonuses, premiums, and the terms of your policy affect the amount you receive, you are able to make informed decisions and prepare for a secure financial future.
Make use of the maturity calculator of the LIC to see a clearer image of your possible returns, and also to explore other policies that are most suitable for your financial needs.