The LIC Maturity Calculator helps policyholders estimate the maturity amount of their insurance plan. It considers sum assured, policy term, bonus rate, and premium frequency.
Formula:
Total Premium Paid = Premium Amount × Frequency × Term
Total Bonus = (Sum Assured ÷ 1000) × Bonus Rate × Term
Maturity Amount = Sum Assured + Total Bonus
Use our free tool for quick results. https://www.freecgpacalculator.com/lic-maturity-guide.html