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LIC Maturity Calculator

Estimate the total maturity value of your LIC policy — Sum Assured, accrued simple reversionary bonus, and Final Addition Bonus (FAB).

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Calculate LIC Maturity Value

Select your plan and enter details to see the estimated total benefit at maturity.

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What is the LIC Maturity Calculator?

The LIC Maturity Calculator helps you estimate the total amount you will receive from LIC when your policy matures. The total maturity benefit is the sum of three components:

  1. Sum Assured (Basic Sum Assured) — the guaranteed amount on maturity
  2. Accrued Simple Reversionary Bonus — declared every year by LIC, accumulates over the policy term
  3. Final Addition Bonus (FAB) — a one-time bonus paid at maturity for long-term policies

How is Maturity Benefit Calculated?

Maturity = Sum Assured + (Bonus Rate × SA / 1000 × Term) + FAB

For example, on a ₹10,00,000 sum assured for 20 years with a bonus rate of ₹48 per ₹1,000 SA per year and FAB of ₹100 per ₹1,000 SA:

  • Sum Assured = ₹10,00,000
  • Bonus = (10,00,000 / 1000) × 48 × 20 = ₹9,60,000
  • FAB = (10,00,000 / 1000) × 100 = ₹1,00,000
  • Total Maturity ≈ ₹20,60,000

What is Simple Reversionary Bonus?

LIC declares a Simple Reversionary Bonus every year, expressed as a rate per ₹1,000 of Sum Assured per year. This bonus gets added to your policy every year and is paid out at maturity (or on death) along with the Sum Assured. The current rates are typically in the range of ₹45-52 per ₹1,000 SA per year for most endowment plans, though they can vary year to year.

What is FAB (Final Addition Bonus)?

Final Addition Bonus is a one-time bonus that LIC pays at the time of maturity (or death) for long-term policies that have been in force for a certain minimum period (usually 14-15 years). FAB rates are typically in the range of ₹80-120 per ₹1,000 SA. FAB does not get added every year — only at exit.

Plan-wise Maturity Examples (Indicative)

PlanSum AssuredTermEst. BonusEst. FABApprox. Total
New Endowment (714)₹10,00,00020 yrs₹9,60,000₹1,00,000~₹20,60,000
New Jeevan Anand (715)₹10,00,00020 yrs₹10,40,000₹1,10,000~₹21,50,000
New Money Back 20Y (720)₹10,00,00020 yrs₹9,20,000₹95,000~₹14,15,000 + 3 survival payouts
Jeevan Lakshya (733)₹10,00,00020 yrs₹9,00,000₹90,000~₹19,90,000
Jeevan Labh (736)₹10,00,00020 yrs₹9,00,000₹90,000~₹19,90,000

* Estimates based on indicative bonus and FAB rates. Actual figures depend on the bonus rates declared by LIC in the relevant year.

Tax Treatment of Maturity Benefits

Under Section 10(10D) of the Income Tax Act, maturity proceeds from an LIC policy are fully tax-free provided:

  • The annual premium is not more than 10% of the Sum Assured (for policies issued after April 1, 2012), or
  • The annual premium is not more than 20% of the Sum Assured (for policies issued before March 31, 2012), or
  • The Sum Assured is at least 10× the annual premium (for policies issued after April 1, 2023, with annual premium above ₹5 lakh).

The premium you pay is eligible for deduction under Section 80C (up to ₹1,50,000 per year).

Frequently Asked Questions

What is the difference between Sum Assured and Maturity Amount?
Sum Assured is the guaranteed base amount. Maturity Amount is the total you receive at the end of the policy term — which includes the Sum Assured plus accrued bonuses and FAB. Maturity is always higher than Sum Assured (for participating plans).
How often does LIC declare bonus?
LIC declares the simple reversionary bonus every year, usually along with its annual results. FAB is declared at the time of maturity or death (whichever is earlier).
Is LIC maturity amount taxable?
In most cases, the maturity amount from an LIC policy is fully tax-free under Section 10(10D), subject to the premium-to-Sum-Assured ratio condition mentioned above.
Can the maturity amount be zero?
No. The Sum Assured component of the maturity is always guaranteed. However, if you stop paying premiums, the policy may lapse and you may receive only the surrender value (if any).