Investing & Trading (Estimate)

LIC Maturity Calculator

Estimate the maturity value of your LIC endowment policy.

Enter your sum assured and policy term to estimate your LIC policy's maturity value using an illustrative average bonus rate. Actual bonus rates are declared annually by LIC and vary significantly by specific plan — this gives a general sense of potential maturity value, not an exact figure.

Enter a valid sum assured.
Enter a valid policy term.
Check your policy's recent bonus rate for a more accurate estimate

Estimated Maturity Value

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Illustrative estimate — actual bonus rates vary by plan and year

How to Use This Tool

  1. Enter your policy's sum assured.
  2. Enter the policy term in years.
  3. Optionally adjust the assumed bonus rate — check your policy document or LIC's latest declared bonus rate for your specific plan for a more accurate estimate.
  4. Click Estimate Maturity Value to see your approximate payout at maturity.

How LIC Endowment Policy Maturity Is Calculated

Most traditional LIC endowment policies pay out the sum assured plus accumulated bonuses at maturity. LIC declares a simple reversionary bonus rate annually (expressed as ₹ per ₹1,000 of sum assured), which accrues each year the policy is in force. Some plans also pay a final additional bonus (FAB) for policies that run their full term.

Maturity Value ≈ Sum Assured + (Bonus Rate × Sum Assured ÷ 1,000 × Policy Term)

Why the Default Bonus Rate Is Just a Placeholder

LIC declares different bonus rates for each specific plan, and these rates change from year to year based on the corporation's investment performance and actuarial valuation. A rate of around ₹40–50 per ₹1,000 sum assured per year is commonly seen across many traditional endowment plans, which is why this calculator defaults to ₹45 — but your specific plan's actual historical bonus rate (available in your policy document or from LIC) will give a much more accurate estimate.

What This Doesn't Include

Frequently Asked Questions

Is this the exact maturity value I will receive?

No, this is an estimate using a placeholder average bonus rate. Your actual maturity value depends on your specific LIC plan's historical and future declared bonus rates, which you should check directly with LIC or in your policy document.

Does this work for ULIP or market-linked LIC plans?

No, this formula is designed for traditional bonus-based endowment plans. ULIPs have returns tied to market-linked fund performance and require a different calculation approach.

What is a Final Additional Bonus?

A Final Additional Bonus (FAB) is an extra bonus LIC may pay on top of the regular accumulated bonus for policies that run their complete term, typically applicable to policies of longer duration — this calculator does not include FAB in its estimate.

This calculator is provided for general informational and estimation purposes only. Results should not be treated as professional financial, tax, legal, medical, or engineering advice. Always verify critical calculations with a qualified professional or official source before making decisions.