LIC Maturity Calculator: A Simple Tool to Estimate Your Returns
The LIC Maturity Calculator is a financial tool that helps policyholders estimate the maturity amount they will receive at the end of their policy term. This tool considers the sum assured, bonus, and final additional bonus (if applicable) to provide an approximate value of the returns.
How the LIC Maturity Calculator Works
The LIC Maturity Calculator requires the following details:
- Policy Name – Select the specific LIC policy.
- Policy Term – The duration of the policy in years.
- Sum Assured – The guaranteed amount payable at maturity.
- Premium Payment Term – The period for which premiums are paid.
- Bonus Rate – LIC announces bonuses for policies periodically.
- Final Additional Bonus (FAB) – A one-time bonus for long-term policyholders.
Benefits of Using LIC Maturity Calculator
- Accurate Estimation – Helps in financial planning.
- Time-Saving – No need for manual calculations.
- Easy to Use – Requires only basic details.
- Helps Compare Policies – Users can check different policy returns before investing.
Conclusion
The LIC Maturity Calculator is a valuable tool for policyholders to estimate their returns efficiently. However, the actual maturity amount may vary based on LIC’s bonus declarations. For precise details, always refer to the official LIC website or consult an LIC agent.
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