LIC Maturity Calculator

Disclaimer: This LIC Maturity Calculator is provided for illustrative and informational purposes only. The maturity values, bonus, and benefits shown here are based on user inputs and standard assumptions. They may not reflect the exact benefits offered by the Life Insurance Corporation of India (LIC) . For accurate and personalized information, please refer to authorized LIC agent/branch office. We are not affiliated with LIC of India.

LIC Maturity Calculator

A LIC Maturity Calculator is an online financial tool that are allow or helps the policyholders of Life Insurance Corporation of India (LIC) policies to estimate the maturity value.This calculator are account the result on the bases of sum assured, policy term, estimated bonus rate, and optional final bonus. they estimate the received amount at the end of their policy term.

LIC Maturity Calculator gives a clear picture of how much money you will get back after paying premiums for a chosen number of years, along with the applicable bonuses and final additional bonus (if any).

you don’t need to used the manual work for this calculation or call the LIC agent for estimation, through this calculator you can get a clear picture of received amount.It simplify all process .

Key Features of LIC Maturity Calculator

Here are the some Key Features of LIC Maturity Calculator given below

1. Easy to Use and simple inter phase – It has very simple to use only Enter basic details like sum assured, premium, term, and bonus rate to get instant results.
2. Accurate Estimation without login– It Provides an approximate maturity value based on LIC’s standard bonus assumptions and they have no need of login.
3. Visual Representation with clear display – It show the simple way result as a pie chart to compare premium paid, bonus, and sum assured to under stand very easily .
4. Year-wise Calculation – It Shows a clear annual breakdown table of premiums, bonuses, and accumulated benefits. where any one can understand very easily.
5. Customizable Inputs option – This calculator allows you to adjust your policy term, bonus rate, and final bonus to see different outcomes.
6. Comparison Tool – Helps evaluate different LIC plans and terms before making a decision.
7. Responsive Design – its Works on mobile, tablet, and desktop devices seamlessly.
8. No Registration Needed – its a Free, instant results without the need for login or sign-up.
9. Safe & Informative – Provides estimates only, does not store or misuse personal data.

How Does LIC Maturity Calculator work?

The LIC Maturity Calculator are works by estimating the total returns made at the end of your LIC policy term which you received . It only uses your inputs (like sum assured, policy term, annual premium, and bonus rates) to calculate the maturity value. The process involves the following steps with inputs.

1. Sum Assured amount (according to the base amount of the policy)
2. Annual Premium ( provided the annual premium you paid)
3. Policy Term (how many of year your policy has taken (in years))
4. Estimated Average Bonus Rate (based on past LIC declarations)
5. Final/Terminal Bonus (optional and variable)

Calculator Display the Result

1. It Shows the Total Premium Paid, Total Bonus Earned, and Final Maturity Value.
2. It also Provides a year-wise table to see how your money grows.
3. Displays a pie chart for a visual breakdown of Premium Paid vs Bonus vs Sum Assured.

Note:
The results are illustrative only. Actual maturity depends on the specific LIC policy, term & conditions, and the bonus rates declared by LIC during the policy period.

Example :-

1. Sum Assured = ₹5,00,000
2. Term = 20 Years
3. Premium = ₹25,000 per year
4. Bonus Rate = ₹40 per ₹1,000 Sum Assured
5. Final Bonus = ₹50,000

Calculation :-

1. Total Premium Paid = ₹5,00,000
2. Total Bonus = ₹4,00,000 + ₹50,000 = ₹4,50,000
3. Maturity Value = ₹9,50,000

Uses of LIC Maturity Calculator by Policy Number

Hello friend , The LIC Maturity Calculator by Policy Number only used to helps the existing policyholders and new customers. They are only used to estimate their maturity benefits in a simple way. Where by entering your policy details, you can track, compare, and plan your financial future. currently LIC has not provided the maturity calculation based on Policy Number are any tool .