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.