LIC maturity amount = basic sum assured + all simple reversionary bonuses + final additional bonus, minus any money back already paid. For a ₹5 lakh, 20-year policy at a ₹45 bonus rate and ₹100 FAB, the calculator shows ₹10,00,000 at maturity: ₹4,50,000 bonus, ₹50,000 FAB and the sum assured. With ₹25,000 a year in premiums, that is about 6.2% a year.
LIC Policy Maturity Value Calculator
Your estimate
- Reversionary bonus (all years)
- ₹4,50,000
- Final additional bonus
- ₹50,000
- Bonus added each year
- ₹22,500
- Total premium paid
- ₹5,00,000
- Net gain
- ₹5,00,000
- You get back (times premium paid)
- 2.00×
- Approx. return (IRR)
- 6.22%
- Total premium paid₹5,00,00050%
- Net gain₹5,00,00050%
Year-wise premium and bonus (estimate)
| Years | Premium paid so far | Bonus accrued | Sum assured + bonus |
|---|---|---|---|
| 1 | ₹25,000 | ₹22,500 | ₹5,22,500 |
| 2 | ₹50,000 | ₹45,000 | ₹5,45,000 |
| 3 | ₹75,000 | ₹67,500 | ₹5,67,500 |
| 4 | ₹1,00,000 | ₹90,000 | ₹5,90,000 |
| 5 | ₹1,25,000 | ₹1,12,500 | ₹6,12,500 |
| 6 | ₹1,50,000 | ₹1,35,000 | ₹6,35,000 |
| 7 | ₹1,75,000 | ₹1,57,500 | ₹6,57,500 |
| 8 | ₹2,00,000 | ₹1,80,000 | ₹6,80,000 |
| 9 | ₹2,25,000 | ₹2,02,500 | ₹7,02,500 |
| 10 | ₹2,50,000 | ₹2,25,000 | ₹7,25,000 |
| 11 | ₹2,75,000 | ₹2,47,500 | ₹7,47,500 |
| 12 | ₹3,00,000 | ₹2,70,000 | ₹7,70,000 |
| 13 | ₹3,25,000 | ₹2,92,500 | ₹7,92,500 |
| 14 | ₹3,50,000 | ₹3,15,000 | ₹8,15,000 |
| 15 | ₹3,75,000 | ₹3,37,500 | ₹8,37,500 |
| 16 | ₹4,00,000 | ₹3,60,000 | ₹8,60,000 |
| 17 | ₹4,25,000 | ₹3,82,500 | ₹8,82,500 |
| 18 | ₹4,50,000 | ₹4,05,000 | ₹9,05,000 |
| 19 | ₹4,75,000 | ₹4,27,500 | ₹9,27,500 |
| 20 | ₹5,00,000 | ₹4,50,000 | ₹9,50,000 |
| 20 ✓ | ₹5,00,000 | ₹5,00,000 | ₹10,00,000 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is the LIC maturity calculator?
When a traditional LIC policy completes its term, LIC pays a lump sum called the maturity benefit. For with-profit plans, which include most endowment, money back and whole-life style policies, this amount is not just the sum assured. It also includes every bonus added over the years and possibly a final additional bonus.
This calculator estimates that figure for any traditional LIC policy, old or new. You do not need to pick a plan name. You enter what is printed on your policy bond, add a bonus rate, and it works out:
- the maturity value you can expect;
- total bonus, split into reversionary bonus and final additional bonus (FAB);
- money back already received, for survival benefit plans;
- bonus accrued so far, if you enter how many years are completed;
- total premium, net gain, payback multiple and IRR;
- a year-wise table of premium paid, bonus accrued and sum assured plus bonus.
It is useful both for people comparing plans before buying and for existing policyholders who want to know what is coming.
How the maturity amount is worked out
The calculation follows the way LIC credits benefits:
- Yearly bonus = sum assured ÷ 1,000 × bonus rate. LIC’s simple reversionary bonus is a rupee amount per ₹1,000 sum assured, added once a year. It does not compound.
- Total reversionary bonus = yearly bonus × policy term. Bonus is earned every year the policy is in force, including the years after premiums stop in limited-pay plans.
- Final additional bonus = sum assured ÷ 1,000 × FAB rate. This is a one-time loyalty bonus declared only at claim time, normally for long policies.
- Maturity value = sum assured − money back already paid + total bonus + FAB.
On the cost side, total premium = annual premium × premium paying term. The calculator then computes the net gain and an IRR, the yearly compound return that turns your premiums into the maturity amount. IRR is the fairest way to compare a policy with an FD or PPF.
Worked examples
Example 1: a regular endowment policy. Sum assured ₹5 lakh, annual premium ₹25,000, 20-year term with premiums for all 20 years, bonus ₹45 per ₹1,000, FAB ₹100 per ₹1,000.
| Item | Amount |
|---|---|
| Bonus added each year | ₹22,500 |
| Reversionary bonus (20 years) | ₹4,50,000 |
| Final additional bonus | ₹50,000 |
| Maturity value | ₹10,00,000 |
| Total premium paid | ₹5,00,000 |
| Net gain | ₹5,00,000 (2.00× premium) |
| Approximate return (IRR) | 6.22% a year |
Example 2: a limited-pay policy, eight years in. Sum assured ₹10 lakh, ₹52,000 a year for 15 years on a 21-year term, bonus ₹45, FAB ₹150. Maturity comes to ₹20,95,000 against ₹7,80,000 of premium, an IRR of about 7.0%. With 8 years completed, about ₹3,60,000 of bonus is already attached and 13 years remain.
Example 3: a money back plan. Sum assured ₹5 lakh, 20 years, ₹28,000 a year for 15 years, bonus ₹44, FAB ₹50, with 60% of the sum assured paid back during the term. Survival benefits total ₹3,00,000. The maturity cheque is ₹6,65,000, so the total received is ₹9,65,000 against ₹4,20,000 paid.
Tip: The FAB field has a big effect on long policies. If you do not know your plan’s FAB, run the calculator once with 0. That gives a floor you can plan around, and anything LIC declares later is a bonus.
How to read the results
- Maturity value is the estimated cheque at the end of the term. For money back plans it excludes the survival benefits already paid.
- Total received (money back plans only) adds those survival benefits back, so you can compare with total premiums.
- Net gain and “you get back” show how many times your premium comes back. These figures ignore the time value of money, so use the IRR as well.
- IRR is shown for plans without money back. Traditional LIC policies usually land between 4.5% and 6.5% depending on term and bonus.
- Year-wise table: the last column, sum assured plus accrued bonus, is a rough guide to the death claim in that year. Many plans pay more on death, for example 125% of the sum assured, so treat it as a minimum.
Common mistakes
- Multiplying premium by term when premiums stop early. Limited-pay plans such as Jeevan Labh collect premium for fewer years than the term. Use the separate premium paying term field.
- Compounding the bonus. LIC bonus is simple. Compounding it inflates the maturity figure.
- Using a single bonus rate for all plans. Rates differ by plan and by term band. A 25-year policy usually earns more per ₹1,000 than a 15-year one.
- Forgetting money back instalments. In money back plans the final cheque is smaller because part of the sum assured has already come to you.
- Treating a lapsed policy like an in-force one. Paid-up policies have a reduced sum assured and usually earn no new bonus.
Related calculators
- LIC bonus calculator: pick your plan and the preset bonus rate for your term is filled in.
- LIC surrender value calculator: what you get if you close the policy early.
- LIC return calculator: compare your policy’s return with other options.
- New Endowment Plan 714: LIC’s standard endowment plan, useful as a benchmark.
Results are estimates for planning. Actual maturity depends on the bonus rates LIC declares each year. We are an independent site, not affiliated with LIC.
Frequently asked questions
How is LIC maturity amount calculated?
Add the basic sum assured, all simple reversionary bonuses (sum assured ÷ 1,000 × bonus rate × years) and the final additional bonus. For money back plans, subtract the survival benefits already paid. Example: ₹5 lakh for 20 years at ₹45 bonus gives ₹4,50,000 bonus. With a ₹50,000 FAB, maturity is ₹10,00,000.
Is the LIC maturity amount guaranteed?
Only the sum assured and bonuses already declared are guaranteed. Future bonus rates and the final additional bonus depend on LIC's yearly declarations, so any maturity figure for years ahead is an estimate. Running the calculator at a slightly lower bonus rate gives a safer planning number.
Where do I find the bonus rate for my LIC policy?
LIC publishes bonus rates plan-wise and term-wise after every financial year. You can also see the bonus already vested in your policy status on the LIC customer portal or app, or in the yearly bonus statement. Most with-profit plans have recently been in the ₹35 to ₹50 per ₹1,000 range.
Is LIC maturity amount taxable?
It is usually exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) if the yearly premium was within 10% of the sum assured (20% for policies issued between April 2003 and March 2012). For policies issued from 1 April 2023 with total yearly premium above ₹5 lakh, the gain is taxable.
What is the difference between maturity value and surrender value?
Maturity value is paid when the policy completes its full term with all premiums paid. Surrender value is what you get if you close the policy early. It is a fraction of premiums and bonuses and is usually much lower than the maturity amount, especially in the first few years.
How does maturity work in LIC money back plans?
Part of the sum assured is paid as survival benefits during the term, for example 15% at a few set intervals. At maturity you receive the balance of the sum assured plus the full bonus and FAB. Enter the percentage already paid, and the calculator shows both the maturity cheque and the total received.
Does LIC pay bonus on a paid-up policy?
A paid-up policy keeps the bonus already attached, but usually stops earning new reversionary bonus. The sum assured is also reduced in proportion to premiums paid. That makes its maturity value much lower than a fully paid policy's.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.