Add up an LIC policy’s sum assured and bonuses, less deductions, to estimate its maturity proceeds.
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Calculated from your inputs
Illustrative maturity proceeds
Benefits before deductions
Entered deductions
How this is calculated
Add the sum assured and entered vested/future bonuses, then subtract deductions. Not an insurer quote; actual benefits depend on the plan. Future bonuses are not guaranteed.
Defaults are editable examples, not current provider quotes. Results are rounded for display. These are scenarios from your inputs, not live market data or investment advice.
About the LIC calculator
On a traditional endowment policy, the maturity amount is usually the basic sum assured plus bonuses the insurer has declared over the years, and any final additional bonus. Outstanding policy loans are deducted.
This calculator adds the figures you enter. It does not know any plan’s bonus rates.
Take the sum assured and vested bonus from your policy statement. Future bonuses are not guaranteed, so treat any amount you enter there as an assumption.
Worked example
Example inputs
Sum assured
₹10,00,000
Vested bonus
₹3,50,000
Assumed future bonus
₹1,00,000
Policy loans / other deductions
₹0
Calculated result
Illustrative maturity proceeds
₹14,50,000
Benefits before deductions
₹14,50,000
Entered deductions
₹0
Why use a LIC calculator?
Check a maturity estimate against your policy statement.
See how a policy loan reduces the payout.
LIC calculator FAQs
What is a vested bonus?
A bonus the insurer has declared and added to your policy. Once vested it is payable on maturity or death, as the policy terms say.
Are future bonuses guaranteed?
No. Bonuses are declared each year based on the insurer’s experience and can change.
Is the maturity amount tax-free?
It can be, if the policy meets the conditions in the Income-tax rules for the premium compared with the sum assured and the yearly premium limits. Check the current rules for your policy.
Where can I get the exact figure?
From your insurer’s policy statement or its online service, which is final.