LIC Maturity Calculator
Enter the sum assured and term from your policy document. Pick your plan and the bonus rate fills in automatically from LIC's latest declaration.
How this figure is worked out
Declared by LICSum assured, plus the bonus rate multiplied by the policy years and by the sum assured in thousands, plus the Final Additional Bonus. No mortality or interest assumption enters it — a maturity value is arithmetic on declared rates, which is why this calculator asks nothing about your age or health. Only the sum assured is guaranteed; the bonus is not.
LIC declares these and revises them; they are not guaranteed. We have reproduced the latest we hold — always confirm against your own policy statement.
The LIC maturity formula
Every participating LIC policy matures at the sum of three things:
- Basic Sum Assured — the figure on your policy document. Guaranteed.
- Vested simple reversionary bonus — the declared rate per ₹1,000 × the number of policy years × the sum assured in thousands. Once declared, it cannot be taken away.
- Final Additional Bonus — a one-time rate per ₹1,000 that depends only on the policy term, paid when the claim arises.
A ₹5,00,000 policy running 20 years at ₹45 per ₹1,000 accrues 45 × 20 × 500 = ₹4,50,000 of reversionary bonus. Add a Final Additional Bonus of ₹90 per ₹1,000, or ₹45,000, and the maturity value is ₹9,95,000 — very nearly double the sum assured.
Current bonus rates by plan
Simple reversionary bonus, ₹ per ₹1,000 sum assured per year
Declared by LICEach year LIC values its with-profits fund and declares a bonus out of the surplus, as a rupee amount per ₹1,000 of sum assured — separately for each plan, and within a plan for different term bands. That is why a 25-year policy earns a higher rate than a 15-year one on the same plan. The rate applies to the sum assured, never to the premium you pay, and once declared it vests permanently. These are the rates this calculator uses; they are the one input here that is neither guaranteed nor ours to set.
LIC declares these and revises them; they are not guaranteed. We have reproduced the latest we hold — always confirm against your own policy statement.
| Plan | 15-year term | 20-year term | 25-year term |
|---|---|---|---|
| New Jeevan AnandPlan 715 | ₹41 | ₹45 | ₹49 |
| Jeevan LabhPlan 736 | ₹40 | ₹45 | ₹48 |
| Jeevan LakshyaPlan 733 | ₹40 | ₹45 | ₹48 |
| New Endowment PlanPlan 714 | ₹38 | ₹42 | ₹46 |
| Single Premium Endowment PlanPlan 717 | ₹48 | ₹58 | ₹62 |
| New Money Back Plan - 20 YearsPlan 720 | ₹42 | ₹42 | ₹42 |
| New Money Back Plan - 25 YearsPlan 721 | ₹45 | ₹45 | ₹45 |
| Jeevan TarunPlan 734 | ₹40 | ₹43 | ₹43 |
| Jeevan UmangPlan 745 | ₹46 | ₹46 | ₹46 |
Simple reversionary bonus, in rupees per ₹1,000 of sum assured per year.
Final Additional Bonus by term
Final Additional Bonus, ₹ per ₹1,000 sum assured
Our modelFAB is a one-time terminal bonus paid only when a claim arises, and only on longer policies — nothing below 15 years, then a scale that accelerates sharply. Unlike the reversionary bonus, LIC does not publish FAB as a per-plan rate table, so this scale is our reconstruction of its shape from the durations at which it is paid. It drives the FAB line in the calculator above, and it is the least certain number on this page. Treat it as an indication of how much duration matters, not as a figure to plan around.
These are produced by our own model, not lifted from an LIC document. There is no official source to link, and they are estimates.
| Policy term | FAB per ₹1,000 | On a ₹5 lakh policy |
|---|---|---|
| 15 years | ₹30 | ₹15,000 |
| 20 years | ₹90 | ₹45,000 |
| 25 years | ₹210 | ₹1,05,000 |
| 30 years | ₹465 | ₹2,32,500 |
| 35 years | ₹920 | ₹4,60,000 |
This is the single strongest argument for not surrendering a long policy near the end of its term: the FAB is forfeited entirely on surrender, and on a 30-year policy it can be worth more than five years of premiums.
LIC maturity calculator — common questions
How is the LIC maturity amount calculated?
Maturity amount = Basic Sum Assured + vested simple reversionary bonus + Final Additional Bonus. The reversionary bonus is the declared rate per ₹1,000 of sum assured multiplied by the number of policy years and by the sum assured in thousands. The FAB is a one-time rate per ₹1,000 that depends on the policy term. For a ₹5 lakh, 20-year policy at ₹45 per ₹1,000: ₹5,00,000 + (45 × 20 × 500) + (90 × 500) = ₹5,00,000 + ₹4,50,000 + ₹45,000 = ₹9,95,000.
What is the bonus rate for LIC policies?
It varies by plan and by policy term, and LIC declares it fresh each year after its valuation. Current rates run from about ₹38 to ₹49 per ₹1,000 of sum assured per year for the main endowment and money back plans, with longer terms attracting the higher rates. The table on this page lists the rate for each plan at 15, 20 and 25-year terms.
Is the LIC bonus calculated on the sum assured or on the premium?
On the sum assured, always. A simple reversionary bonus of ₹45 per ₹1,000 on a ₹5 lakh policy adds ₹22,500 every year regardless of what you pay in premium. It is 'simple', not compound — the bonus does not itself earn bonus.
What is Final Additional Bonus in LIC?
A one-time terminal bonus paid only when a claim arises — at maturity or on death — and only on longer-duration policies, generally 15 years and above. It is not declared annually and does not vest; you only get it if the policy runs its course. The rate rises steeply with term: roughly ₹90 per ₹1,000 at 20 years but around ₹465 at 30 years.
Will I actually receive the projected maturity amount?
The Basic Sum Assured is guaranteed. The bonus is not. Bonus rates are set from LIC's annual valuation surplus and can be revised in either direction, so a projection that holds today's rate flat for 25 years is an assumption, not a promise. That is why this calculator shows the guaranteed portion separately.
Is the LIC maturity amount taxable?
Maturity proceeds are exempt under Section 10(10D) if the annual premium never exceeded 10% of the sum assured (20% for policies issued before 1 April 2012). For policies issued on or after 1 April 2023, there is a further condition: total annual premiums across all your non-ULIP life policies must not exceed ₹5 lakh. Death benefits remain exempt regardless.