Basic Sum Assured (INR) Enter the guaranteed coverage amount (min 1,00,000)

Policy Term (years) Enter the duration of the policy (15-35 years)

Age at Entry (years) Enter your age when the policy starts (18-50 years)

Annual Premium (INR) Enter the premium amount you pay yearly

Bonus Rate (INR per 1000 SA/year) Enter the declared yearly bonus rate per 1000 SA

Final Additional Bonus (FAB) Rate (INR per 1000 SA) Enter the final additional bonus rate per 1000 SA

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This calculator is for educational purposes only. It is not intended to provide financial advice. Consult a financial advisor for personalized guidance.

What Is Maturity Benefit

The Maturity Benefit is the total amount of money you may receive from your insurance plan when the policy term ends. It usually includes the guaranteed Sum Assured plus any bonuses the company has added over the years. This lump sum payment is meant to help you meet future financial goals like retirement or funding a child's education. It represents the savings part of your endowment policy.

How Maturity Benefit Is Calculated

Formula

The calculation starts with your Basic Sum Assured, which is the guaranteed amount. Then, it adds a yearly bonus for every year you hold the policy. This bonus is calculated based on a rate for every 1,000 rupees of your coverage. Finally, if your policy qualifies, it adds a Final Additional Bonus (FAB) at the very end. Adding all these parts together gives you the estimated total lump sum you may receive at maturity.

Why Maturity Benefit Matters

Knowing your estimated Maturity Benefit helps you plan for major life expenses. It shows how much money you might have in the future based on your payments today. This number can help you decide if the policy fits your savings goals.

Why Understanding Returns Is Important for Financial Planning

It may be risky to buy a policy without knowing what you might get back. If the final amount is lower than what you could earn in a bank savings account, you might lose potential growth. Estimating this benefit helps you see if the plan is a good option for building wealth over time.

For Retirement Planning

If you are using this plan for retirement, the maturity amount acts as a safety net. You may want to ensure this amount is high enough to cover your living costs when you stop working. A clear estimate helps you adjust your premium or term to meet that target.

Maturity Benefit vs. Death Benefit

It is common to confuse Maturity Benefit with Death Benefit. The Maturity Benefit is what you get if you live through the whole term. The Death Benefit is what your family gets if you pass away during the term. Usually, the Death Benefit is higher because it includes extra coverage. This calculator only estimates the Maturity Benefit for surviving the term.