Maturity Benefits (What You Get After 20 Years)

When your policy completes its full 20-year term, you’ll receive the maturity benefit consisting of a guaranteed portion plus accumulated bonuses. Below are two scenarios based on different investment return assumptions.

Understanding Your Maturity Benefit: The maturity payout includes 40% of your Basic Sum Assured (which is guaranteed), plus accumulated Simple Reversionary Bonuses and Final Additional Bonus. The bonus amounts shown above are purely illustrative projections and not guaranteed – they depend on LIC’s actual investment performance over the policy term.

Death Benefit Protection (If Something Happens to You)

In the unfortunate event of your passing during the policy term, your nominees will receive a death benefit. This includes the Sum Assured on Death plus any accumulated bonuses. The Sum Assured on Death is calculated as the higher of: (a) 125% of Basic Sum Assured, or (b) 7 times the annual premium, subject to a minimum of 105% of total premiums paid.

Additional Protection: If you’ve opted for the Accidental Death & Disability Benefit Rider and death occurs due to an accident, the rider benefit will be paid in addition to the amounts shown above, providing extra financial security for your family.

Important Disclaimers: All figures shown in the table above are estimates and not guaranteed values. Premium amounts include applicable GST and rider charges (if opted) for your selected payment mode. The accrued bonuses, surrender values, loan amounts, and death benefits are calculated based on the illustrative investment return rate you’ve selected (4% or 8% p.a.). Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) calculations follow standard industry practices but may vary from actual values. Loan availability is approximately 75% of surrender value after completing 2 policy years, or 50% after 1 year. The death benefit shown here does not include any additional benefit from the accidental death rider. Always consult with an LIC representative for precise calculations specific to your situation.