What Is Maturity Value In Life Insurance?

What Is Maturity Value In Life Insurance?

Maturity value is the due amount and payable to the policyholder. The term usually offers to the remaining balance amount of the insurance policy, in case of the security and maturity value is the same as the existing value.

How to Calculate the Maturity Value of Life Insurance?

The maturity value of a life insurance policy is the amount that the policyholder will receive at the end of the policy term, assuming the policy is still in force. The calculation of maturity value can vary depending on the type of life insurance policy, but here are the general steps:

  • Determine the Sum Assured
  • Calculate the Bonus
  • Add any Other Benefits
  • Deduct Any Outstanding Premiums
  • Calculate the Final Maturity Value

How to Calculate Maturity Value of Life Insurance?

The maturity value of a life insurance policy is the amount payable to the policyholder at the end of the policy term if he/she survives until the maturity date. The maturity value is usually equal to the sum assured plus any bonuses or benefits that may have accrued over the policy term.
To calculate the maturity value of a life insurance policy, you need to follow these steps:

  • Determine the sum assured
  • Check for bonuses
  • Calculate the bonus value
  • Add up the sum assured and bonuses

How Much Premium for 20 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.

How Much Premium for 15 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.

How Much Premium for 10 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.

How Much Premium for 7 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.

How Much Premium for 5 Crore Term Insurance Policy?

Term insurance plans are affordable and provide high coverage at a low cost. 5 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 5 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 5 crore term insurance policy might range from approximately Rs. 25,000* to Rs. 35,000*.

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Please wait while your request is being processed.