Is LIC maturity amount tax free?

Yes, LIC maturity proceeds are generally exempt under Section 10(10D) of the Income Tax Act if the premium does not exceed 10% of the Sum Assured in any year.

LIC Maturity Calculator

Q: How is LIC maturity amount calculated?

LIC maturity = Sum Assured + accumulated bonuses (Reversionary Bonus × years + Final Additional Bonus if applicable). This calculator estimates the total based on LIC's declared bonus rates.

Plan your future with precision. Estimate the maturity value, inclusive of vested bonuses and final additional bonuses for your LIC policy.

edit_note Policy Details

Sum Assured (₹)

₹

Policy Term (Years)

Years

Yearly Premium (Approx)

₹

Assumed Bonus Rate (per ₹1000)

₹45

Estimated Maturity Value

₹10,50,000

Base Sum Assured

₹5,00,000

Accrued Bonus

₹5,50,000

Growth Summary

Total Premiums Paid

₹5,00,000

Total Bonus Earned

₹5,50,000

Net Returns +110%

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Note: Bonuses are declared annually and are not guaranteed. Final amount may vary based on actual policy performance and final additional bonuses (FAB).

How LIC Maturity is Calculated

payments

Sum Assured

The basic amount guaranteed to the policyholder at the end of the term or in case of death.

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Vested Bonus

Simple Reversionary Bonus declared per thousand sum assured every year throughout the policy term.

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Final Bonus (FAB)

One-time payment made by LIC as an additional loyalty incentive for longer policy terms.

Free LIC Maturity Calculator – Calculate LIC Policy Returns, Bonus & Maturity Amount

Use Tooligen's LIC Maturity Calculator to estimate the maturity amount of your LIC policy. Works for all popular plans including LIC Jeevan Anand, LIC Jeevan Umang, LIC Jeevan Labh, and all other LIC endowment plans and money-back policies.

How is LIC Maturity Amount Calculated?

LIC maturity amount = Sum Assured + Reversionary Bonus × Policy Term + Final Additional Bonus (if declared). Our calculator uses LIC's standard bonus rates to give you an accurate estimate of your policy's maturity value.

Is LIC Maturity Tax Free?

Yes! LIC policy maturity proceeds are generally exempt from income tax under Section 10(10D) of the Income Tax Act, provided the annual premium does not exceed 10% of the Sum Assured.