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How To Calculate The Maturity Amount Of A Life Policy?

The maturity amount represents the total payout you will receive at the end of the policy term. To calculate the maturity amount of a life insurance policy in India, you can use the following formula:

Maturity Amount = Sum Assured + Accrued Bonuses/Returns + Terminal Bonus + Additional Benefits - Surrender Charges (if any)

  • Sum Assured: This is the guaranteed amount that will be paid to the policyholder upon maturity. It is the predetermined amount mentioned in the policy document.
  • Accrued Bonuses or Returns: Life insurance policies often offer bonuses or returns that accumulate over the policy term. These bonuses can be simple reversionary bonuses, compound bonuses, or any other type of declared bonuses.
  • Terminal Bonus: Some policies provide a terminal bonus, which is a one-time lump sum bonus paid at the end of the policy term. The terminal bonus is typically a percentage of the sum assured or the accumulated bonuses up to the date of maturity.
  • Additional Benefits: Life insurance policies may offer additional benefits such as guaranteed additions, loyalty additions, or rider benefits. These benefits vary based on the policy type and can increase the maturity amount.
  • Surrender Charges: If you surrender the policy before maturity, there may be surrender charges deducted from the maturity amount. However, if you continue the policy until maturity, there won't be any surrender charges deducted.

How to Calculate the Maturity Amount of TATA AIA Life Policy?

The maturity amount represents the total payout you will receive at the end of the policy term. The maturity amount is determined by various factors, including the type of policy, the premium amount, the policy term, the sum assured, and the applicable bonuses or returns. To calculate the maturity amount of a TATA AIA life insurance policy in India, you can use the following formula:

Maturity Amount = Sum Assured + Accrued Bonuses/Returns + Terminal Bonus + Additional Benefits - Surrender Charges (if any)

How to Calculate the Maturity Amount of Star Union Dai-ichi Life Policy?

The maturity amount represents the total payout you will receive at the end of the policy term. The maturity amount is determined by various factors, including the type of policy, the premium amount, the policy term, the sum assured, and the applicable bonuses or returns. To calculate the maturity amount of a Star Union Dai-ichi life insurance policy in India, you can use the following formula:

Maturity Amount = Sum Assured + Accrued Bonuses/Returns + Terminal Bonus + Additional Benefits - Surrender Charges (if any)

How to Calculate the Maturity Amount of Shriram Life Policy?

The maturity amount represents the total payout you will receive at the end of the policy term. The maturity amount is determined by various factors, including the type of policy, the premium amount, the policy term, the sum assured, and the applicable bonuses or returns. To calculate the maturity amount of a Shriram life insurance policy in India, you can use the following formula:

Maturity Amount = Sum Assured + Accrued Bonuses/Returns + Terminal Bonus + Additional Benefits - Surrender Charges (if any)

How to Calculate the Maturity Amount of the SBI Life Policy?

The maturity amount represents the total payout you will receive at the end of the policy term. The maturity amount is determined by various factors, including the type of policy, the premium amount, the policy term, the sum assured, and the applicable bonuses or returns. To calculate the SBI life insurance policy maturity amount:-

  • Go to the official website of SBI life insurance policy.
  • Select the Plan you want to calculate the maturity amount.
  • Click on the “Calculate Premium” button.
  • Then enter the required details such as Name, DOB, Gender, PPT, Policy Term, Premium Payment Frequency, Riders, Sun Assured, etc.
  • Then Click on the “Calculate Button”.
  • The maturity amount is displayed on the screen based on the data given.

Also read to know more about SBI Life Insurance: Receipts, Cancellation, Maturity, Claims

How to Calculate the Maturity Amount of Reliance Nippon Life Policy?

The maturity amount represents the total payout you will receive at the end of the policy term. The maturity amount is determined by various factors, including the type of policy, the premium amount, the policy term, the sum assured, and the applicable bonuses or returns. To calculate the maturity amount of a Reliance Nippon life insurance policy in India, you can use the following formula:

Maturity Amount = Sum Assured + Accrued Bonuses/Returns + Terminal Bonus + Additional Benefits - Surrender Charges (if any)

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