LIC Policy Maturity & Bonus Calculator 2026–27 (Jeevan Anand, Umang, Lakshya & Money Back)
An LIC Policy Maturity Calculator computes your exact end-of-term payout by combining the guaranteed Basic Sum Assured, annual Simple Reversionary Bonuses (or ₹80/₹1,000 Guaranteed Additions), one-time Final Additional Bonus (FAB), and periodic survival cash-backs across 700-series and 900-series policies under the 0% GST regime.
All-in-One LIC Policy Maturity, Bonus & Return Calculator
Calculate exact maturity lump sums, survival money-back payouts, FAB & post-maturity life cover across LIC flagship plans
Pays full lump-sum maturity (BSA + Bonus + FAB) at end of policy term, PLUS continues free 100% Basic Sum Assured risk cover for your entire life after maturity.
Minimum ₹2,00,000 across modified 700-series LIC plans.
Premium Paying Term (PPT): 21 Years • Policy matures at Age 51.
Maturity / Evaluation Age: 51 Years.
Full lump-sum paid at Age 51 after paying premiums for 21 years.
How LIC Policy Maturity, Survival Cash-Back & Bonuses Work Across Plans
Every LIC plan family follows a distinct statutory payout structure depending on whether it is an Endowment Plan, a Whole-Life Survival Plan, a Money Back Policy, or a Guaranteed Addition Child Plan:
You receive the full maturity lump sum at the end of your chosen policy term (15–35 years), AND your life remains insured for 100% of Basic Sum Assured till Age 100 with zero further premiums.
Pay for 15, 20, 25, or 30 years. Once PPT ends, receive a guaranteed 8% of BSA every year for life, plus Basic Sum Assured + Accrued Bonuses + FAB at Age 100 (or on death).
Crucial Advantage: Even though 60% of the Basic Sum Assured is returned early in 5-year money-back installments, Simple Reversionary Bonus is still calculated on 100% of the full Basic Sum Assured for the entire 20 or 25 years.
Non-participating child corpus plan that adds a 100% guaranteed ₹80 per ₹1,000 Basic Sum Assured every year throughout the policy term.
Plan-by-Plan Worked Examples (₹10,00,000 Basic Sum Assured)
Official LIC Plan Number Directory: Modified 700-Series vs Legacy 900/800-Series
| LIC Policy Name | Active Plan No. (Post-Oct 2024) | Legacy Table Numbers | Bonus / GA Rate | Core Benefit Structure |
|---|---|---|---|---|
| LIC Jeevan Labh | Plan 736 | Table 936 / 836 | ₹47 – ₹54 / 1k | Limited Pay (16/10, 21/15, 25/16) + High FAB |
| LIC New Jeevan Anand | Plan 715 | Table 915 / 815 / 149 | ₹45 – ₹48 / 1k | Maturity Lump Sum + Free 100% BSA Whole Life Cover |
| LIC Jeevan Utsav | Plan 771 & 883 | Table 871 | ₹40 / 1k GA (Fixed) | 10% BSA Annual Lifetime Income (or 5.5% Flexi) |
| LIC Jeevan Umang | Plan 745 | Table 945 / 845 | ₹48 / 1k + FAB | 8% BSA Tax-Free Annual Pension + Age 100 Maturity |
| LIC Jeevan Lakshya | Plan 733 | Table 933 / 833 | ₹46 – ₹49 / 1k | PPT = Term - 3 Yrs; 10% Family Income + 110% BSA on Death |
| 20-Yr Money Back | Plan 720 | Table 920 / 820 / 75 | ₹39 / 1k | 20% BSA at Yrs 5, 10, 15 + 40% BSA & Bonus at Yr 20 |
| 25-Yr Money Back | Plan 721 | Table 921 / 821 / 93 | ₹41 / 1k | 15% BSA at Yrs 5, 10, 15, 20 + 40% BSA & Bonus at Yr 25 |
| LIC Amritbaal (Child) | Plan 774 | Table 874 | ₹80 / 1k GA (Fixed) | Guaranteed ₹80/1k Annual Addition for Child Education |
Dedicated LIC Policy & Fixed-Income Comparison Tools
Dedicated 16/10, 21/15 & 25/16 limited-pay calculator with PPF & SIP comparison
Simulate ₹40/1k Guaranteed Additions and 10% lifetime income vs 5.5% Flexi
Calculate premature exit payout, Paid-Up maturity value & 90% policy loan
Compare LIC endowment XIRR against 7.10% EEE Public Provident Fund
5-year guaranteed India Post savings with Section 80C reinvestment benefit
Quarterly guaranteed pension up to ₹60 Lakhs for senior citizen couples
Frequently Asked Questions (LIC Maturity, Bonus & Plan Rules)
How is the maturity amount calculated for LIC New Jeevan Anand (Plan 715 / 915 / 149)?
Under LIC New Jeevan Anand (Modified Plan 715 / Legacy Table 915, 815 & 149, UIN: 512N279V03), you receive a lump-sum maturity payout at the end of the policy term equal to 100% of Basic Sum Assured + Accrued Simple Reversionary Bonuses (~₹46 per ₹1,000 BSA/year) + Final Additional Bonus (FAB for terms ≥ 15 years). What makes Jeevan Anand unique ("Zindagi ke saath bhi, zindagi ke baad bhi") is that even after collecting your full maturity payout, a free life insurance cover equal to 100% of your Basic Sum Assured continues for your entire life (up to Age 100) at zero additional cost.
How does the 8% annual survival pension work in LIC Jeevan Umang (Plan 745 / 945)?
LIC Jeevan Umang (Modified Plan 745 / Legacy Table 945, UIN: 512N312V03) is a whole-life participating assurance plan running up to Age 100. You choose a Premium Paying Term (PPT) of 15, 20, 25, or 30 years. During the PPT, Simple Reversionary Bonuses accrue annually. Immediately from the end of the PPT until Age 99, LIC pays a guaranteed annual survival benefit equal to 8% of the Basic Sum Assured every year, followed by a massive final maturity lump sum (100% BSA + Vested Reversionary Bonuses + FAB) at Age 100.
What is the special death benefit and 3-year premium waiver in LIC Jeevan Lakshya (Plan 733 / 933)?
LIC Jeevan Lakshya (Modified Plan 733 / Legacy Table 933 & 833, UIN: 512N297V03) is designed around children’s education and marriage milestones. Its Premium Paying Term is always 3 years less than the Policy Term (PPT = Term - 3). If the policyholder survives, maturity equals 100% BSA + Accrued Bonus + FAB. However, if the policyholder passes away at any time during the term, the policy does not terminate: instead, all future premiums are waived, the family receives an annual income equal to 10% of the Basic Sum Assured every year until maturity, and at the original maturity date, LIC pays 110% of the Basic Sum Assured plus full vested bonuses and FAB.
How are survival money-back payouts and final maturity calculated for LIC 20-Year & 25-Year Money Back Plans (720/920/75 & 721/921/93)?
In LIC’s 20-Year Money Back Plan (Plan 720 / 920 / 820 / Old Plan 75), you pay premiums for 15 years and receive 20% of the Basic Sum Assured as tax-free cash-back at the end of Years 5, 10, and 15 (totaling 60% of BSA). At the end of Year 20, you receive the remaining 40% of BSA + 100% of Accrued Simple Reversionary Bonuses (calculated on the full 100% BSA for all 20 years!) + Final Additional Bonus. In the 25-Year Money Back Plan (Plan 721 / 921 / 821 / Old Plan 93), you pay for 20 years, receive 15% of BSA at Years 5, 10, 15, and 20 (60% total), and receive 40% BSA + 100% Bonus + FAB at Year 25.
How does LIC Amritbaal (Plan 774 / 874) calculate ₹80 per ₹1,000 Guaranteed Additions?
LIC Amritbaal (Plan 774 / 874, UIN: 512N365V02) is a non-linked, non-participating child savings policy where returns are 100% guaranteed from Day 1. Instead of variable bonuses, the policy adds a Guaranteed Addition of ₹80 per ₹1,000 of Basic Sum Assured at the end of every policy year throughout the entire policy tenure until maturity (between child ages 18 and 25). For example, on a ₹5,00,000 BSA over a 15-year term, Guaranteed Additions equal ₹40,000/year × 15 years = ₹6,00,000, yielding a guaranteed ₹11,00,000 maturity payout.
Why did LIC change plan numbers from the 900-series to the 700-series?
Effective October 1, 2024, following the IRDAI (Insurance Products) Regulations 2024 overhaul, LIC upgraded its entire traditional portfolio to introduce customer-friendly 1-year surrender and paid-up eligibility, a 30-day free-look period, and revised minimum Basic Sum Assured norms (₹2,00,000). Consequently, Plan 914 became Plan 714 (New Endowment), Plan 915 became Plan 715 (New Jeevan Anand), Plan 933 became Plan 733 (Jeevan Lakshya), Plan 936 became Plan 736 (Jeevan Labh), Plan 945 became Plan 745 (Jeevan Umang), and Plan 920/921 became Plan 720/721 (Money Back).
Rated 4.9/5 based on 1,320 user calculations for LIC Policy Maturity & Bonus Calculator.