How is the LIC maturity amount calculated?

The LIC maturity amount is generally calculated as: Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (FAB). This calculator estimates the bonuses based on historical data for the selected plan to provide a final maturity value.

Can I check my LIC maturity amount by policy number online?

No, a public calculator cannot check your maturity amount by policy number for security reasons. To see your policy's specific details, you must log in to the official LIC customer portal or use their official app. This calculator provides a very close estimate if you know your plan details.

Is the LIC maturity amount taxable?

Under Section 10(10D) of the Income Tax Act, the maturity amount from an LIC policy is tax-free if the annual premium paid was never more than 10% of the sum assured (for policies issued after April 1, 2012).

LIC Maturity Calculator

Forecast your financial future with precision. Get an instant, detailed estimate of the maturity amount for your LIC policy.

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Estimate Your LIC Maturity Amount

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How to Claim LIC Maturity Amount Online & Offline

When your LIC policy matures, you need to initiate the claim process to receive your funds. Here's a comprehensive guide.

Step 1: Intimation from LIC

LIC usually sends an intimation letter to the policyholder about two to three months before the date of maturity, informing you about the upcoming payment and the documents required.

Step 2: Required Documents

You need to submit the following documents at the servicing LIC branch:

Original Policy Document: This is the most crucial document. Keep it safe.
LIC Maturity Claim Form (Discharge Form): This is typically LIC Maturity Form 3825. You'll need to fill it out completely.
Identity Proof: A copy of your PAN card is mandatory. Aadhaar card, Passport, or Driving License are also accepted.
Address Proof: A copy of your Aadhaar card, utility bills, or bank statement.
Bank Mandate Form (NEFT): To ensure the LIC maturity amount is directly credited to your bank account. You'll need to provide your bank account number, IFSC code, and a canceled cheque or a copy of your bank passbook.

Where to Get the LIC Maturity Form?

You can get the LIC Maturity Form PDF in several ways:

From the servicing LIC branch.
An LIC Maturity Form PDF download is often available on the official LIC website under the 'Downloads' section. Look for "Discharge Form No. 3825".

Download Form 3825 (Sample Link)

Can I submit the LIC Maturity Claim Online?

As of now, the complete LIC maturity claim online submission process is not fully available for all policyholders. While you can update bank details and track status online, the physical submission of the original policy bond and the signed discharge form at the branch is usually mandatory. Always check the official LIC portal for the latest updates on this process.

❓ FAQs & Important Information

Is LIC Maturity Amount Taxable?

This is a critical question. As per Section 10(10D) of the Income Tax Act:

The LIC maturity amount is completely tax-free if the premium paid in any year did not exceed 10% of the sum assured (for policies issued after April 1, 2012).
For policies issued between April 1, 2003, and March 31, 2012, this limit was 20%.
If the premium exceeds this limit, the entire maturity amount becomes taxable under "Income from Other Sources" and is taxed as per your income tax slab.

The rules for an LIC maturity amount taxable for an NRI are generally the same, but they should consult a tax advisor regarding Double Taxation Avoidance Agreements (DTAA).

How does this LIC Maturity Calculator work?

This calculator uses standard, illustrative bonus and addition rates to estimate the final maturity value. The formula is generally:
Maturity Amount = Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (FAB)

Our tool simulates this for different plans. For example, the Amritbaal Plan 874 LIC maturity calculator mode uses Guaranteed Additions, while the LIC maturity calculator for Jeevan Anand (like 149 or 815) and Jeevan Labh will use estimated reversionary and final bonuses.

Can I use this as an LIC maturity calculator by policy number?

No, an online LIC maturity calculator by policy number for the public does not exist due to privacy and security reasons. Your policy's exact bonus details are held by LIC. This tool is the next best thing: an accurate estimator. To check your official status, you must use the official LIC maturity calculator app (LIC's official app) or log into their customer portal.

What is the difference in PLI vs LIC Maturity Calculator?

While the concept is similar, a Postal Life Insurance (PLI) calculator would use different bonus rates declared by PLI, which are often higher than LIC's. The core calculation of `SA + Bonus` remains the same, but the inputs for the bonus rates would differ. This calculator is specifically tuned for LIC plans.

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The Ultimate Guide to Your LIC Maturity Amount

Understanding the final payout of your life insurance policy is the key to effective financial planning. The LIC maturity amount is the lump sum you receive at the end of your policy term, representing years of disciplined savings and the growth of your investment. This guide, combined with our powerful online LIC maturity calculator, will provide you with a comprehensive understanding of what to expect.

What Comprises the LIC Maturity Amount?

The final LIC maturity amount is not just the sum assured you signed up for. For traditional 'with-profit' plans, it's a combination of three key components:

Sum Assured (SA): This is the guaranteed amount that your policy promises to pay upon maturity or in the event of death.
Vested Simple Reversionary Bonus: LIC shares its profits with policyholders in the form of bonuses. This bonus is declared annually (per thousand of Sum Assured) and gets added to your policy. Once added, it becomes a guaranteed part of your payout.
Final Additional Bonus (FAB) or Terminal Bonus: This is a one-time, non-guaranteed bonus paid at maturity for policies that have been in force for a long duration (typically 15 years or more). It's a reward for staying with the policy for the full term.

Our calculator estimates the Vested Bonus and FAB to give you a realistic projection of your total maturity value.

Calculating Maturity for Popular LIC Plans

Different plans have unique maturity structures. Our calculator adapts its logic for each:

💖 LIC Maturity Calculator for Jeevan Anand (Plan 149/815): This is a classic endowment + whole life plan. On maturity, you receive `Sum Assured + Vested Bonuses + FAB`. The life cover continues even after maturity.
📈 LIC Maturity Calculator for Jeevan Labh (Plan 936): A limited premium endowment plan. The maturity calculation is the same: `Sum Assured + Bonuses + FAB`. Its key feature is a shorter premium paying term than the policy term.
👶 Amritbaal Plan 874 LIC Maturity Calculator: This children's plan works with Guaranteed Additions (GA) instead of bonuses. The maturity is `Sum Assured + Accumulated Guaranteed Additions`. GAs are fixed and not dependent on profits, making the projection more certain.
💰 Bima Gold (Plan 179) / Money Back Plans: For these plans, the final maturity amount is `(A percentage of Sum Assured) + Vested Bonuses + FAB`. It's important to remember that you would have already received periodic 'survival benefits' during the policy term. Our calculator estimates the final payout, not the total of all payouts.
🔢 Jeevan Saral (Plan 165) LIC Maturity Calculator: This is a unique plan where the maturity benefit is directly linked to the premiums paid. The Jeevan Saral lic maturity calculator mode in our tool uses a special logic based on a "Maturity Sum Assured" which is different from the death benefit sum assured.

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Navigating the LIC Maturity Claim Process

Knowing how to get your LIC maturity amount is as important as knowing the amount itself. The process, as detailed in our 'Claim Process' tab, is straightforward but requires diligence.

The most important document is the LIC Maturity Discharge Form, officially known as Form 3825. It's essential to fill this form accurately, especially your bank details for a smooth online transfer of funds. You can easily find the LIC maturity form 3825 in English as a PDF download from LIC's official website, or get a physical copy from your branch.

While the goal is a fully online process, the need to submit the original policy bond currently makes a visit to the branch necessary. This is a key security step to prevent fraudulent claims.

Conclusion: From Estimation to Realization

Your LIC policy is a testament to your commitment to long-term financial security. Understanding its potential outcome is empowering. This LIC Maturity Calculator is designed to be the best and most comprehensive estimation tool available online, acting as your personal LIC maturity calculator app on the web. It bridges the gap between your policy documents and a clear, tangible future value. Use it to plan, to dream, and to stay motivated on your savings journey. When the time comes, you'll be well-prepared to claim the fruits of your discipline and secure your financial goals.

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