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.
The calculator uses a simplified formula to estimate the maturity value of your LIC policy. Here's how it works:
Note: The actual maturity amount may vary depending on the specific terms and conditions of your LIC policy.
*This is an illustrative calculation. Actual maturity amount may vary based on LIC's official calculations.