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LIC Maturity Calculator

Accurately estimate the final maturity proceeds of your LIC policies. Factor in Simple Reversionary Bonuses, Final Additional Bonuses (FAB), ULIP growth patterns, and Return of Premium benefits instantly.

Endowment, Money-Back & ULIP Split Calculations
Actuarial Final Additional Bonus (FAB) Scaling
Compounded Annual Growth Rate (CAGR) Yield Projections
FD Post-Tax Comparison Model (Section 10(10D))
LIC Endowment / Money Back Settings
Fill in the basic parameters of your policy to compute exact projections instantly.

Guaranteed insurance amount payable on maturity or death.

Amount invested every year (excluding GST taxes).

20 Years

Policy payment duration. 15+ years boosts FAB bonuses.

4.6%

Typical LIC Endowment rates vary from 4.0% to 5.2%.

Used to compare LIC tax savings vs. a taxable Fixed Deposit (FD).

100% Tax-Free Guarantee

Under Section 10(10D) of the Income Tax Act, the entire maturity corpus (including all bonuses) is 100% tax-free, provided the Sum Assured is at least 10x the annual premium.

Awaiting Parameters

Please enter annualized premium and policy term to compute payouts in real-time.

LIC Maturity Calculator: Estimate Your Survival Payouts & Tax Savings

Planning for the maturity of a Life Insurance Corporation of India (LIC) policy is an essential part of financial security. Our **LIC Maturity Calculator** provides you with an instant, actuarially sound projection of your final policy payouts. Unlike basic calculators, this premium tool allows you to simulate and compare traditional **Endowment / Money Back plans**, **ULIPs (Unit Linked Insurance Plans)**, and **Term plans with Return of Premium (ROP)**.

How is an LIC Maturity Payout Calculated?

Traditional participating policies (such as LIC Jeevan Labh, New Jeevan Anand, and generic endowment plans) accumulate wealth over decades. The final payout is composed of three distinct segments:

  • 1
    Basic Sum Assured Cover: This is the guaranteed minimum amount promised to the policyholder at the time of policy purchase, paid out on surviving the term or as a death claim.
  • 2
    Simple Reversionary Bonus (SRB): A bonus declared by LIC at the end of every financial year as a rate per ₹1,000 of Sum Assured. For participating plans, this gets accrued to the policy annually and is paid out collectively at maturity.
  • 3
    Final Additional Bonus (FAB): A terminal one-time bonus paid to policies with a term of 15 years or more. FAB is highly scale-dependent, offering massive payouts for longer tenures (20 to 35 years) and larger Sum Assured choices.

Understanding Simple Reversionary vs. Terminal Bonuses

While **Simple Reversionary Bonuses** accumulate year after year and become a guaranteed liability that LIC must pay, the **Final Additional Bonus (FAB)** is a terminal bonus declared only at maturity or death. Actuarial modeling proves that terminal bonuses heavily reward loyalty: a policyholder staying invested for 25 years receives a vastly higher FAB rate per thousand than someone surrendering or choosing a 15-year term.

Tax Exemption Advantages under Section 10(10D)

The biggest advantage of LIC policies over conventional savings plans like bank Fixed Deposits (FDs) is their tax treatment:

LIC Maturity proceeds (Section 10(10D))

**100% Tax-Exempt** from income tax, meaning every rupee projected by our calculator is exactly what lands in your bank account, provided the sum assured is at least 10x your annual premium.

Bank Fixed Deposits (FD)

**Fully Taxable** at your income tax slab (up to 31.2% at the highest slab). This drastically reduces your compound post-tax yield and erodes long-term purchasing power.

How to Use the LIC Maturity Calculator

  1. Select your policy category: **Endowment Plan**, **ULIP Plan**, or **Term (ROP) Plan** at the top tab.
  2. Enter your **Basic Sum Assured** and **Annualized Premium** (excluding taxes).
  3. Adjust the **Policy Term** slider to match the duration of your premium plan.
  4. For endowment plans, you can fine-tune the **Annual Bonus Rate** to observe how different declared rates affect the corpus.
  5. Review the **CAGR** (effective compound interest rate) and check the **FD Equivalent rate** to understand the post-tax alpha.

Disclaimer: The projections provided by this calculator are estimates based on standard actuarial models and historical bonus trends declared by the Life Insurance Corporation of India (LIC). Actual maturity values may vary depending on the specific policy guidelines, the exact plan number, age at entry, underwriting outcomes, and future profits declared by LIC at the end of each financial year. This tool is for educational purposes only. Please consult a registered LIC advisor for exact contract parameters.