LIC SIP Calculator
Estimate maturity value of your LIC policy monthly investments
LIC Policy Projection
Your estimated maturity value after 15 years:
Total Premium Paid:
Comparison with Other Investments
| Investment Option | Estimated Value | Gain |
|---|---|---|
| LIC Policy (Projected) | ₹21,45,000 | ₹12,45,000 |
| FD @7% p.a. | ₹18,22,000 | ₹9,22,000 |
| Mutual Funds @12% p.a. | ₹34,87,000 | ₹25,87,000 |
LIC SIP Calculator: Plan Your LIC Policy Returns Effectively
The LIC Monthly Premium Calculator for an LIC SIP helps policyholders to know the maturity value of their LIC monthly premium investments, taking into account bonuses and sum assured. This tool clarifies the returns that you may get from LIC’s Money Back, Endowment or Jeevan Anand plans and also compares them with the returns of other investment avenues like FDs or mutual funds.
LIC SIP Formula
The maturity value is calculated using:
Maturity Value = Sum Assured + (Sum Assured × Bonus Rate × Policy Term)
Where:
Sum Assured: Base coverage amount
Bonus Rate: Annual bonus declared by LIC (e.g., 6–8%)
Policy Term: Duration in years
For example, a ₹10 lakh sum assured with a 7% bonus for 20 years yields:
₹10,00,000 + (₹10,00,000 × 7% × 20) = ₹24,00,000
How to Use the LIC SIP Calculator
Enter Monthly Premium: Start with ₹500 or higher.
Set Policy Term: Choose 10–30 years.
Add Bonus Rate: Typically 6–12% (check LIC’s latest declarations).
Input Sum Assured: Minimum ₹1 lakh.
Get Results: View maturity value and compare with FD/MF returns.
Key Benefits
✅ Accurate Projections: Estimate bonuses and maturity value.
✅ Goal Planning: Plan for education, marriage, or retirement.
✅ Comparison Tool: Check if LIC outperforms FDs or mutual funds.
✅ Tax-Free Returns: LIC maturity benefits are tax-exempt under Section 10(10D).
Which LIC policy is best for returns?
LIC provides several policy options with varying returns. Jeevan Anand (Plan 815) and New Endowment Plan (Plan 914) are always the favourite plans for guaranteed returns, because they provide an annual return of 6-8% through bonuses. Systematic Insurance Investment Plan (Plan 852), as well as other market-linked options such as the SIIP (Systematic Insurance Investment Plan), may have higher returns (8 – 12%) but are market risk. SIIP will suit investors who are risk takers and those who do not mind fluctuations in the market, while traditional plans will suit conservative investors.
Is SIP available in LIC?
Yes! LIC offers:
Traditional SIP: Through monthly premium policies
SIIP (Systematic Insurance Investment Plan): Market-linked ULIP (Plan 852)
Minimum ₹5,000/month for most plans
What is the average return of LIC SIP?
On average, LIC SIP provides returns of about 8% to 12% per annum, depending on the plan and market conditions.
How much is 5000 monthly SIP for 5 years?
If you invest a ₹5,000 monthly SIP (Systematic Investment Plan) for 5 years with an annual return of 12%, it could grow to approximately ₹4.12 lakhs. This would mean that the returns of your investment of ₹3,00,000 (₹5,000 * 60 months) would compound and grow to ₹1,12,432.
Here’s a breakdown:
If Total Investment is: ₹3,00,000 (₹5,000/month * 60 months)
So Projected Return will be: ₹1,12,432 (estimated based on a 12% annual return)
And Total Maturity Value will be: ₹4,12,432 (Total investment + Projected Return)