lic Premium and maturity amount calculator 2025 | LIC Calculator 2025

LIC Maturity Calculator

Calculate Your Policy Maturity Amount Instantly

Policy Name Endowment Plan Money Back Plan Term Plan

Sum Assured (₹)

Policy Term (Years)

Total Premium Paid: ₹0

Bonus Amount: ₹0

Final Maturity Value: ₹0

Why Should You Use an LIC Maturity Calculator?

Imagine this: You’ve paid premiums on your LIC policy for 15 years. Now, as the maturity date approaches, you’re curious—how much will you actually receive? Will the bonuses meet your expectations? This is where an LIC maturity calculator becomes your best friend.

Unlike manual calculations (which are time-consuming and error-prone), a maturity calculator gives instant estimates of your policy’s final payout. Whether you’re a new policyholder or years into your plan, this tool helps you:

• 📊 Visualize your returns before committing to a policy.

• 💡 Compare different LIC plans (e.g., Endowment vs. Money Back).

• 🎯 Plan financial goals like education fees, retirement, or buying a home.

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How Does an LIC Maturity Calculator Work?

• Policy Type: LIC New Endowment Plan

• Sum Assured: ₹10 Lakh

• Policy Term: 20 years

• Bonus Rate: ₹45 per ₹1000 (varies yearly)

Calculation:
Total Bonus = (10,00,000 / 1000) * 45 * 20 = ₹9,00,000
Maturity Value = ₹10,00,000 + ₹9,00,000 = ₹19,00,000

👉 Pro Tip: Bonus rates change annually. Always cross-check current rates on LIC’s official website!

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5 Benefits of Using an LIC Calculator

1. No Surprises
   Avoid disappointment at maturity—know your approximate returns upfront.

2. Plan Loans Better
   Many policies allow loans against the sum assured. Use the calculator to see how much you can borrow.

3. Tax Efficiency
   Maturity proceeds are tax-free under Section 10(10D). Calculate how much you’ll save!

4. Adjust Premiums
   If the maturity value seems low, increase your premium or policy term.

5. Compare Policies
   Test different scenarios (e.g., 15-year vs. 25-term) to pick the best fit.

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Step-by-Step Guide to Using Our Free LIC Calculator

1. Select Your Policy
   Choose your plan (e.g., Jeevan Anand, Money Back) from the dropdown menu.

2. Enter Basic Details

   • Sum Assured (e.g., ₹5 lakh, ₹10 lakh)

   • Policy Term (10, 15, or 20 years)

3. Include Bonuses (Optional)
   Add LIC’s latest bonus rate for precise results.

4. Hit “Calculate”
   Get instant maturity value, bonus breakdown, and yearly returns.

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Common Questions Answered (FAQs)

Q1. Are online LIC calculators accurate?
Yes, if they use updated bonus rates. Cross-verify results with your LIC agent.

Q2. What’s excluded in the calculation?

• GST on premiums

• Surrender value (if you exit early)

Q3. Can I use it for surrendered policies?
No—use an LIC surrender value calculator instead.

Q4. How often do bonus rates change?
Annually. Check LIC’s notifications every February-March.

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Real-Life Case Study: Mr. Sharma’s Retirement Planning

Mr. Sharma, 40, bought an LIC policy with ₹15 lakh sum assured and a 20-year term. Using a maturity calculator, he discovered:

• Maturity Value: ₹32 lakh

• Yearly ROI: ~6.2%

He combined this with his PPF and mutual funds to build a ₹1.5 crore retirement corpus.

Final Thoughts

An LIC maturity calculator isn’t just a tool—it’s your roadmap to financial clarity. Whether you’re saving for your child’s MBA or a dream vacation, knowing your exact returns helps you stay on track.

Ready to Try It?
Use our free calculator above and share your results in the comments!

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