Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Maturity Benefits

Maturity benefits is a lump sum provided to the life assured in case he/she survives the entire policy tenure. The maturity benefit is provided to the life assured at the end of the policy term and it also qualifies for tax exemptions.

dot
1 Crore Life Cover starting from just ₹16/Day*
1 Crore Life Cover starting from just ₹16/Day*
  • Tax Benefit
    Tax Benefit
    Up to 1,50,000**
  • Claim Support
    Claim Support
    Everyday 10AM-7PM
  • 45 Lacs+
    45 Lacs+
    Happy Customers

*Standard Terms and Conditions Apply.

**Tax benefits are subject to changes in Income Tax Act.

Find the right life insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

calendericon

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Human Life Value/Coverage Calculator

My Age

My Annual Income

My Monthly Spend

What Are Maturity Benefits Of Life Insurance Policy?

Under a life insurance policy a death benefit is provided in case of an unforeseen demise of the life assured during the policy tenure but some life insurance policies provide a maturity benefit. In case the life assured survives the entire policy tenure, a maturity benefit is provided to the life assured at the end of the policy term. Maturity benefits refers to a lump sum amount that the insurance company provides to the life assured after the life insurance policy matures and in case the life assured has survived the entire policy tenure.

Types Of Life Insurance Policies That Offer Maturity Benefits

Some life insurance policies provide maturity benefits at the end of the policy tenure in case the life assured survives the entire policy term. Below mentioned is a list of types of life insurance policy that offer maturity benefits:

  1. Term Insurance With Return Of Premiums (TROP): Term insurance policies with return of premium are basically protection plans that provide death benefit in case of an untimely demise of the life assured during the policy tenure and also provides a maturity benefit after the insurance policy terminated, in case the life assured survives the policy tenure.
  2. Endowment Plans: Endowment plans are considered as a combination of investment cum insurance plans. Under endowment plans, the life assured is provided a maturity benefit in case the life assured survives the policy tenure along with accumulated bonuses (if any) as this life insurance policy is participating in nature.
  3. Unit-Linked Insurance Plans (ULIPs): Unit-linked insurance plans are market linked insurance plans wherein the part of the premiums are invested in market linked investment options to generate returns and remaining premiums are utilized for life cover. Under ULIPs a maturity benefit is provided upon the life assured’s survival during the entire policy term.

Life Insurance Companies User Reviews

What users are saying
  • I wanted to invest in life insurance plans. So, I was on the lookout for the best life insurance plan. Finally...

    Read More
    N
    Max
    By Naman Kapoor
    On: June 02, 2023
  • The process of buying the Canara HSBC OBC Insurance Policy from InsuranceDekho was so quick that I did not hav...

    Read More
    Z
    Canara HSBC
    By Zuber Malik
    On: June 02, 2023
  • The best feature of my LIC Life Insurance Policy is its flexible payment options. They offered various payment...

    Read More
    R
    LIC
    By Rajesh Kaushal
    On: June 01, 2023
  • The SBI Life Insurance Policy offers flexibility through various policy riders and options. They allowed me to...

    Read More
    S
    SBI
    By Supreet Nanda
    On: June 01, 2023
  • InsuranceDekho has updated tools and resources to help customers understand the importance of life insurance a...

    Read More
    A
    Exide
    By Anjana Kaushik
    On: June 01, 2023

Life Insurance News