# LIC Insurance Calculator - A Policy Maturity Calculation

# LIC Maturity Calculator

An online LIC maturity calculation.

# LIC Maturity Formulas

## Normal Policies

LIC Maturity amount = Sum assured + Simple Bonus + FAB.

## Money Back Policies

LIC Maturity amount = sum assured + Simple Bonus + FAB − Survival Benefits

**Sum assured** is the amount you have been insured.

**Simple Bonus** is the amount paid by lic to your policies based on profits. We can say interest on our premium amount.

**FAB** is a final additional bonus. It increases with the increase of policy period.It is a one-time bonus paid at the time of maturity.

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