LIC Maturity Amount – How to Calculate Before Policy Matures

How to Know Your LIC Maturity Amount in Advance

Knowing your LIC maturity amount well before the policy matures helps you plan your finances better. Here's how to calculate it.

Maturity Formula

Maturity Amount = Sum Assured + Reversionary Bonus (all years) + Final Addition Bonus (FAB)

Step 1: Sum Assured

This is fixed — same as your policy's SA.

Step 2: Reversionary Bonus

Annual Bonus = Bonus Rate × (SA / 1000). Total over term = Annual Bonus × Number of years. Note: Bonus rate changes each year with LIC valuation. We use latest 2025-26 declared rates.

Step 3: Final Addition Bonus (FAB)

FAB = FAB Rate × (SA / 1000). FAB is declared based on policy term. Longer terms get higher FAB.

Example: Plan 915 (Jeevan Anand)

SA = ₹10L, Term = 20yr, Age = 30: Bonus rate = ₹48/1000/yr. SA ≥ ₹5L extra = ₹1/1000/yr. Effective bonus = ₹49/1000/yr. Total Bonus = ₹49 × 1000 × 20 = ₹9,80,000. FAB = ₹850 × 1000 = ₹8,50,000. Wait — FAB = ₹850/1000, so ₹850 × (10L/1000) = ₹8,500. Total = ₹10L + ₹9.8L + ₹0.085L = ₹19.885L ≈ ₹20L.

Easiest Method

Don't calculate manually! Use our Maturity Calculator — enter your plan details and get instant, accurate maturity projections with year-wise breakdown.