LIC - endowment-type-plans offer policyholder in 2 way i.e. first for saving & 2nd the protection. LIC offer new endowment plan based on table 814.This calculator helps you to know the approximate maturity amount of your endowment LIC policy.
You can check the policy benefit from your policy document or from LIC of India page. This page is intended to let you know the approximate maturity amount of your endowment type plan. Let us take an example to understand what will be maturity amount of endowment policy.
Maturity Amount Calculation Example: Let us assume Mr Rajesh has taken the endowment type plan of sum assured of Rs 700000. Mr Rajesh has taken the policy in 2007 for 20 year. he will get aprox the maturity bonus of Rs. 588000.
The total amount after maturity Mr Rajesh will get is Rs. 700000 + 588000 + if any special bonus by LIC i.e. 1288000 + any special bonus by LIC