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Key Takeaways
If the policyholder survives the policy term, they receive the life insurance maturity amount, which usually includes the sum assured and any applicable bonuses (for policies that offer maturity benefits, such as endowment/ULIPs).
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Calculation and Taxation of Maturity Benefits
The amount that the insurance company pays out when the policy term finishes and the policyholder survives is known as the maturity benefit of a life insurance policy. Usually, this total consists of the guaranteed amount plus any earned bonuses and any final bonuses. The calculation and taxation of maturity benefits depend on the type of investment or insurance product. Read along to find out more about maturity benefits calculation and taxation.