LIC Maturity Calculator - Comprehensive Guide
How LIC Maturity Value is Calculated
The maturity value of your LIC policy depends on several factors:
- Sum Assured: The basic amount guaranteed by your policy
- Policy Term: Longer policies generally accumulate more bonuses
- Bonus Rates: LIC declares annual bonuses that accumulate over time
- Final Additional Bonus: Some policies receive an extra bonus at maturity
Why Use Our LIC Maturity Calculator?
Our calculator provides the most accurate estimates by considering:
- Current LIC bonus rates for all major plans
- Historical bonus trends for better projections
- Final additional bonus calculations
- Premium payment frequency adjustments
Popular LIC Plans for Maturity Calculation
Our calculator works with all LIC plans including:
- LIC Jeevan Anand (Plan 815)
- LIC Money Back Policy (Plan 820)
- LIC New Endowment Plan (Plan 914)
- LIC Bima Bachat (Plan 902)
- LIC Single Premium Endowment Plan (Plan 917)
Understanding LIC Bonuses
LIC declares different types of bonuses:
- Simple Reversionary Bonus: Annual bonus added to your policy
- Final Additional Bonus: One-time bonus paid at maturity
- Interim Bonus: Paid if claim arises between two bonus declarations