LIC Return Calculator
Model maturity proceeds for traditional endowment policies by combining tabular Sum Assured, vested bonuses, and terminal additions.
₹9,30,000
Sum Assured + Reversionary Bonus + FAB.
• Traditional policy calculations assume active premium continuation without paid-up reduction.
• Bonus rates are declared annually by LIC and vary based on plan codes, tenure, and product category.
Maturity Components
Traditional LIC endowment and money back policy payouts are built from three core actuarial blocks:
- Sum Assured: The guaranteed basic risk cover amount paid on maturity or death.
- Reversionary Bonus: Declared annually as simple additions per ₹1,000 Sum Assured.
- Final Additional Bonus (FAB): A one-time terminal loyalty addition paid on maturity or death claims for long policy terms.
Bonus Declaration
Reversionary and final additional bonuses depend on LIC's annual actuarial valuation surplus, distributed to policyholders in the form of bonus additions.
Frequently Asked Questions (FAQ)
Are the bonus rates guaranteed by LIC?
No. Bonus rates are declared annually based on LIC's corporate valuation. However, once declared and vested in a policy, they are fully guaranteed and paid at maturity.
What is the difference between simple and compound reversionary bonuses?
Simple reversionary bonuses add a fixed percentage of basic Sum Assured annually. Compounded bonuses add a percentage to the Sum Assured plus already vested bonuses.
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