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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.

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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.

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.

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

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
  • Securing Family

    I was looking for a meaningful gift for my niece’s wedding when I came across the Life Insurance policy from InsuranceDekho. I gifted her LIC Life Insurance, and there couldn’t have been a better gift for her future. Thank you, team. You are doing a wonderful job. 

    S
    LIC
    By Sandeep Bishnoi
    On: June 24, 2024
  • Perfect Gift for my family

    My parents are getting older, I surprised them with a life insurance policy from Bajaj Allianz Life Insurance. I purchased it through InsuranceDekho; the process was smooth and a totally easy breeze. Thank you team, for helping me secure my family.

    A
    Bajaj Allianz
    By Asraf Ali
    On: June 24, 2024
  • User-Friendly Portal

    InsuranceDekho has helped me find a perfect Life Insurance Plan from ICICI Prudential. It fits my budget and all my family's needs. Thanks to the online premium calculator, I was able to compare all my plans before making a decision. They have such an easy-to-use portal. Recommend to everyone. 

    J
    ICICI Prudential
    By Jipin TP
    On: June 21, 2024
  • Supportive team

    Insurancedekho helped me understand the importance of a joint life insurance plan for both me and my wife. Based on their recommendation, we bought HDFC Life Insurance. Their advice has come in handy, and now we enjoy the benefit of safety it provides. Thank you so much, team. 

    K
    HDFC
    By Karthick arjuna
    On: June 21, 2024
  • Customer Satisfaction

    My child has special needs, and upon referral from my family friend, I bought PNB MetLife Insurance for my kid from InsuranceDekho. Shruti from the customer support team helped me at every stage, and now my family has financial security for their care after I am gone. Thank you. 

    N
    PNB Met
    By Niliska D’Souza
    On: June 21, 2024

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