LIC Maturity Claim Documents 2026 — Complete Checklist
Filing for lic maturity claim documents 2026 can be a daunting task, but with the right guidance, you can navigate the process with ease, ensuring you receive your Maturity (मैच्युरिटी) amount on time
In India, 2026, it is essential to have practical advice on lic maturity claim documents to avoid any last-minute hassles, especially when dealing with popular plans like Plan 715 and Plan 736, which offer a bonus rate of ₹50 per ₹1,000 sum assured, resulting in a significant increase in the Sum Assured (बीमा राशि) amount, for instance, a ₹1 lakh sum assured can yield a maturity amount of ₹1.5 lakhs, considering a 10% XIRR return over 20 years, outperforming traditional fixed deposit options and public provident fund schemes
To initiate the lic maturity claim process, you need to submit the required documents, including the original policy document, a valid government-issued ID, and a cancelled cheque from your bank account, such as State Bank of India or ICICI Bank, to ensure the claim amount is credited directly to your account, it is crucial to fill the claim form accurately and attach all necessary documents to avoid rejection, moreover, comparing lic policies with term insurance alternatives can help you make an informed decision about your investment, for example, a ₹1 lakh sum assured in a term insurance plan may not yield any maturity amount, whereas a lic policy with the same sum assured can provide a maturity amount of ₹1.5 lakhs, after deducting the Premium (प्रीमियम) amount
Required Documents for LIC Maturity Claim
To file for lic maturity claim documents 2026, you need to submit a set of documents, including the original policy document, a valid government-issued ID, such as an Aadhaar card or passport, and a cancelled cheque from your bank account, such as HDFC Bank or Axis Bank, to ensure the claim amount is credited directly to your account, it is essential to fill the claim form accurately and attach all necessary documents to avoid rejection, for instance, if you have a Plan 715 policy with a sum assured of ₹5 lakhs, you can expect a maturity amount of ₹7.5 lakhs, considering a 10% XIRR return over 20 years, which is higher than the returns from fixed deposits or public provident fund schemes
- Original policy document
- Valid government-issued ID
- Cancelled cheque from bank account
XIRR Return Calculations for LIC Policies
XIRR return calculations are essential to determine the actual returns from your lic policy, for example, if you have invested ₹1 lakh in a Plan 736 policy with a 10% bonus rate, you can expect a maturity amount of ₹1.5 lakhs after 20 years, considering an XIRR return of 8%, which is higher than the returns from fixed deposits or public provident fund schemes, to calculate the XIRR return, you need to consider the Premium (प्रीमियम) amount, the Sum Assured (बीमा राशि) amount, and the bonus rate, for instance, a ₹1 lakh sum assured in a Plan 715 policy can yield a maturity amount of ₹1.5 lakhs, after deducting the Premium (प्रीमियम) amount, resulting in a net return of 7.5% per annum
For a ₹1 lakh sum assured in a Plan 736 policy, with a 10% bonus rate, the maturity amount after 20 years would be ₹1.5 lakhs, considering an XIRR return of 8%, which is higher than the returns from fixed deposits or public provident fund schemes
Comparison with FD, PPF, and Term Insurance Alternatives
When comparing lic policies with fixed deposits, public provident fund schemes, and term insurance alternatives, it is essential to consider the returns, risk, and liquidity, for instance, a ₹1 lakh sum assured in a Plan 715 policy can yield a maturity amount of ₹1.5 lakhs after 20 years, considering a 10% XIRR return, which is higher than the returns from fixed deposits or public provident fund schemes, on the other hand, a term insurance plan with the same sum assured may not yield any maturity amount, whereas a lic policy with the same sum assured can provide a maturity amount of ₹1.5 lakhs, after deducting the Premium (प्रीमियम) amount, resulting in a net return of 7.5% per annum, moreover, lic policies offer a guaranteed Sum Assured (बीमा राशि) amount, which is not the case with term insurance plans
- Fixed deposits
- Public provident fund schemes
- Term insurance plans
Calculation Example with Real Rupee Amounts
To illustrate the calculation example, let us consider a ₹5 lakhs sum assured in a Plan 736 policy, with a 10% bonus rate, the maturity amount after 20 years would be ₹7.5 lakhs, considering an XIRR return of 8%, which is higher than the returns from fixed deposits or public provident fund schemes, to calculate the XIRR return, you need to consider the Premium (प्रीमियम) amount, the Sum Assured (बीमा राशि) amount, and the bonus rate, for instance, a ₹1 lakh sum assured in a Plan 715 policy can yield a maturity amount of ₹1.5 lakhs, after deducting the Premium (प्रीमियम) amount, resulting in a net return of 7.5% per annum, moreover, lic policies offer a guaranteed Sum Assured (बीमा राशि) amount, which is not the case with term insurance plans, for example, if you have a ₹1 lakh sum assured in a term insurance plan, you may not receive any maturity amount, whereas a lic policy with the same sum assured can provide a maturity amount of ₹1.5 lakhs, after deducting the Premium (प्रीमियम) amount
For a ₹5 lakhs sum assured in a Plan 736 policy, with a 10% bonus rate, the maturity amount after 20 years would be ₹7.5 lakhs, considering an XIRR return of 8%, which is higher than the returns from fixed deposits or public provident fund schemes
Filing for LIC Maturity Claim Documents 2026
To file for lic maturity claim documents 2026, you need to submit the required documents, including the original policy document, a valid government-issued ID, and a cancelled cheque from your bank account, such as State Bank of India or ICICI Bank, to ensure the claim amount is credited directly to your account, it is essential to fill the claim form accurately and attach all necessary documents to avoid rejection, for instance, if you have a Plan 715 policy with a sum assured of ₹5 lakhs, you can expect a maturity amount of ₹7.5 lakhs, considering a 10% XIRR return over 20 years, which is higher than the returns from fixed deposits or public provident fund schemes, moreover, comparing lic policies with term insurance alternatives can help you make an informed decision about your investment, for example, a ₹1 lakh sum assured in a term insurance plan may not yield any maturity amount, whereas a lic policy with the same sum assured can provide a maturity amount of ₹1.5 lakhs, after deducting the Premium (प्रीमियम) amount
- Original policy document
- Valid government-issued ID
- Cancelled cheque from bank account
Summary of LIC Maturity Claim Documents 2026
| Document | Description |
|---|---|
| Original policy document | Required for filing lic maturity claim |
| Valid government-issued ID | Required for verification |
| Cancelled cheque from bank account | Required for direct credit of claim amount |
Get Started with LIC Maturity Claim Documents 2026
To initiate the lic maturity claim process, you need to submit the required documents, including the original policy document, a valid government-issued ID, and a cancelled cheque from your bank account, for more information on lic maturity claim documents 2026, visit our website or consult with our experts, you can also use our lic maturity calculator to determine the maturity amount of your policy
Calculate Maturity Amount →