LIC Policy Calculator: see what your policy is really worth

This calculator shows what an LIC policy gives you, year by year. Pick a plan, enter your age at entry, policy term and sum assured, and it shows four things for every year of the policy:

Maturity benefit: what you receive when the policy matures
Liquidity: how much you'd get back if you surrendered the policy that year
Tax benefit: the deductions and exemptions available to you
Risk cover: the life cover in force at that point

All of this appears in a year-wise table, so you can follow how each value changes over the life of the policy. The sources and methods behind every calculation are listed openly on the site.

Surrender Value Calculator
This is a general calculator that works for any policy. It uses LIC's own surrender value tables to estimate what you'd receive if you exit early.

Maturity Calculator
This estimates your maturity amount, with an optional plan selection. Maturity depends on the bonus rate, and the bonus rate varies by policy. You can choose your plan to use its bonus rate, or enter your own.

Side-by-side comparison
The calculator's strongest feature is that it compares any LIC policies side by side. You can see exactly how plans differ before you buy, without relying on anyone else's interpretation.

Why this exists
Buying an LIC policy has usually meant depending on an agent. The agent explains the plan and then hands you a 200-page policy document that few people can follow. Understanding maturity, liquidity, tax benefit and cover across every year of a policy was difficult. Agents could get the details wrong, and reading the full document wasn't a practical option either.

This tool puts all four benefits in one view, for every year of the policy. Existing LIC calculators don't offer that.

LIC Policy Calculator: see what your policy is really worth

This calculator shows what an LIC policy gives you, year by year. Pick a plan, enter your age at entry, policy term and sum assured, and it shows four things for every year of the policy:

Maturity benefit: what you receive when the policy matures
Liquidity: how much you'd get back if you surrendered the policy that year
Tax benefit: the deductions and exemptions available to you
Risk cover: the life cover in force at that point

All of this appears in a year-wise table, so you can follow how each value changes over the life of the policy. The sources and methods behind every calculation are listed openly on the site.

Surrender Value Calculator
This is a general calculator that works for any policy. It uses LIC's own surrender value tables to estimate what you'd receive if you exit early.

This tool puts all four benefits in one view, for every year of the policy. Existing LIC calculators don't offer that.

LIC Calculators

Most accurate and informative LIC calculator.

Most accurate and informative LIC calculator.