LIC Maturity Calculator

Annual Premium (₹)

Policy Term (Years)

Bonus Rate (%)

Estimated Maturity Amount

₹0.00

How to Use:

Enter your yearly premium amount
Enter policy duration in years
Enter expected bonus rate (check your policy document)
Click "Calculate Maturity Value"

What is LIC Maturity Calculator?

The LIC Maturity Calculator is an online tool designed to help you estimate the maturity value of your Life Insurance Corporation (LIC) policy. It takes into account your annual premium, policy term, and expected bonus rate to provide an approximate maturity amount. This tool is especially useful for policyholders who want to plan their finances and understand the potential returns from their LIC policies.

How Does It Work?

The calculator uses a simplified formula to estimate the maturity value of your LIC policy. Here's how it works:

Total Premiums Paid: Calculated by multiplying the annual premium by the policy term.
Bonus Amount: Calculated based on the bonus rate provided by LIC for your policy type.
Maturity Value: The sum of total premiums paid and the bonus amount.

Note: The actual maturity amount may vary depending on the specific terms and conditions of your LIC policy.

Why Use This Tool?

Financial Planning: Helps you plan your future finances by estimating the returns from your LIC policy.
Easy to Use: Simple and user-friendly interface for quick calculations.
Transparency: Provides a clear breakdown of how the maturity amount is calculated.

*This is an illustrative calculation. Actual maturity amount may vary based on LIC's official calculations.