LIC Maturity Calculator

Maturity amount is calculated based on Sum Assured, Simple Bonus, FAB and Survival Benefits. Sum assured is the amount you have been insured. Simple Bonus is the amount paid by LIC to your policies based on profits. FAB is a final additional bonus. This online LIC Maturity Calculator helps to calculate Maturity Amount for Normal and Money back. To calculate LIC Money Back Policy Maturity Amount, enter assured sum, Simple Bonus, FAB and Survival Benefits.

LIC Money Back Policy Maturity Amount

Maturity amount is calculated based on Sum Assured, Simple Bonus, FAB and Survival Benefits. Sum assured is the amount you have been insured. Simple Bonus is the amount paid by LIC to your policies based on profits. FAB is a final additional bonus. This online LIC Maturity Calculator helps to calculate Maturity Amount for Normal and Money back. To calculate LIC Money Back Policy Maturity Amount, enter assured sum, Simple Bonus, FAB and Survival Benefits.

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Formula:

LIC Maturity Amount for Normal = Sum Assured + Simple Bonus + Final Additional Bonus LIC Maturity Amount for Money Back Policy = LIC Maturity Amount for Normal - Survival Benefits

Example:

A person insured a sum of Rs. 5000 with additional bonus of Rs. 200 and survival benefits of Rs. 1000. He has Rs. 1500 as Simple Bonus paid by LIC to your policies based on profits.

Solution:

LIC Maturity Amount for Normal = Sum Assured + Simple Bonus + Final Additional Bonus
= 5000 + 1500 + 200
= Rs. 6700

LIC Maturity Amount for Money Back Policy = LIC Maturity Amount for Normal - Survival Benefits
= 6700 - 1000
= Rs. 5700


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