How To Calculate LIC Maturity Amount? LIC Maturity Calculator and Other Methods

Read more about how to calculate LIC maturity amount.

How to Check LIC Maturity Amount?

To check your LIC policy maturity amount, you can either calculate it or check using various methods. Here are the commonly used methods that LIC of India offers: 

• LIC maturity calculator

• LIC Customer Portal

• LIC Digital App

• SMS Service

• LIC Customer Care

Checking LIC Maturity Amount Using LIC Maturity Calculator

The LIC maturity calculator is an online tool designed to estimate your policy’s maturity value. It works similarly to an LIC calculator available on the official website. Here’s how to use it:

Step 1: Visit the LIC website and log in to the Customer Portal.

Step 2: Use your User ID, password, or policy number along with an OTP. New users must register first.

Step 3: Go to Policy Status to check all active policies.

Step 4: Choose the policy to look for your sum assured, accumulated bonuses, and an estimate of your total maturity amount.

Checking the LIC Maturity Amount through the Customer Portal

You can check all the policy details in one place on the LIC Customer Portal. Let’s see how it works:

Step 1: Visit the LIC official website and click ‘Login’. Then, go to the Customer Portal.

Step 2: Sign in with your User ID and password. If you're new, sign up with your policy number, premium amounts, date of birth, and other information.

Step 3: To check all of your active policies, go to Policy Status or Policy Summary.

Step 4: Choose a policy to see how much it will pay out, including the sum assured, bonuses, and other information.

Checking LIC Maturity Amount via LIC Digital App

The LIC Digital App makes LIC maturity amount check easy and fast. To find out how much your LIC maturity amount is, do the following:

Step 1: Download the app from Google Play Store or Apple App Store and register using your policy number, date of birth, and mobile number.

Step 2: Sign in to your dashboard.

Step 3: Click on Policies or Policy Status, choose your plan, and you'll see your maturity amount, bonuses, and premium schedule.

Checking LIC Maturity Amount via SMS

LIC offers SMS services for updates. Just send ASKLIC <policy number> to 56767877. You can also get updates on pensions, annuity payments, cheque returns, or existence certificates using the specific codes below:

Note: You can check your LIC policy status by SMS facility.

Checking LIC Maturity Amount via Customer Care

LIC customer care is available 24/7 for maturity or policy-related queries. Call the IVRS at +91-22-68276827.

To ensure accessibility, LIC has divided India into eight zones, North, North Central, East, East Central, West, West Central, South, and South Central, each with its own customer care numbers and branch offices. You can call or visit in person to resolve your queries efficiently.

How the LIC Maturity Calculator Works?

You need a few details:

• Sum Assured 

• Annual Premium

• Policy Term

• Estimated Average Bonus Rate (optional)

Enter these details, and the calculator will show the estimated maturity value, total bonuses, and total premiums paid. It’s an easy way to look how your policy is performing over time.

Additional Resources

LIC also provides downloadable forms for smooth claim processing:

• LIC Maturity Form PDF – available in “Customer Services” on the website

• LIC Discharge Form – required to claim the maturity amount

Calculating LIC Maturity Amount

Although exact values aren’t known in advance, the maturity amount generally includes:

• Sum Assured

• Accumulated Bonuses

• Final Additional Bonus (FAB), if declared

This applies to endowment, whole-life, and ULIP policies. Term insurance doesn’t have a maturity amount, it pays out only in case of the policyholder’s death. For Example:
Mr. Kumar has a policy with ₹15 lakh Sum Assured, 20-year term, annual bonus ₹42 per ₹1,000, and FAB is ₹22 per ₹1,000.

• Bonus: (15,00,000÷1000)×42×20=₹12,60,000

• FAB: (15,00,000÷1000)×22=₹33,000

• Total Maturity: ₹15,00,000 + ₹12,60,000 + ₹33,000 = ₹27,93,000

If Mr. Kumar survives, he receives approximately ₹28 lakh. If not, the nominee gets the Sum Assured.

What’s Included in LIC Maturity Amount

The maturity amount varies by policy:

• Basic Sum Assured (BSA) – guaranteed if premiums are paid

• Bonuses for participating plans – annual simple reversionary bonus and FAB

• Guaranteed Additions – fixed yearly additions independent of LIC performance

• Special cases – e.g., LIC Bima Jyoti adds ₹50 per ₹1,000 BSA per year

Summing Up

Keeping track is simple with the LIC maturity calculator or an online check. As your policy matures, submitting the LIC discharge form on time ensures your payout reaches you promptly.

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