An LIC Policy Maturity Amount Calculator is a online tool designed to help policyholders to estimate the final maturity value of their Life Insurance Corporation (LIC) policies. this calculator provides clarity on: Total maturity amount, Accrued bonuses.
Unlike manual calculations, our Online LIC Policy Maturity Calculator eliminates guesswork by factoring in LIC’s latest bonus rates, policy terms, and premium payment frequency.
The maturity amount is calculated as follows:
Maturity Amount = Sum Assured + (Sum Assured × Bonus Rate × Policy Term) / 100