When Indians buy life insurance, the first questions are usually — “How much sum assured am I getting?” or “What will be my yearly premium?”
But in 2025, smart buyers are asking a different question:
Which life insurance plan gives me the highest maturity value?
👉 The maturity value is the payout you receive at the end of your policy term. It can include guaranteed amounts, declared bonuses, loyalty additions, and terminal benefits. For many families, this maturity amount becomes a second retirement fund, children’s education corpus, or a safety net for future expenses.
Top Life Insurance Plans by Maturity Value (2025)
| Plan Name | Type | Key Feature | Maturity Value (₹10L SA, 20 yrs) |
|---|---|---|---|
| LIC Jeevan Anand | Endowment + Whole Life | Bonus-linked payout + lifetime cover | ₹12–14 lakh (bonus dependent) |
| HDFC Life Sanchay Plus | Guaranteed Return | Assured lump sum or income | 6–6.5% IRR (guaranteed) |
| SBI Life Smart Guaranteed Savings | Guaranteed Savings | Fixed payout + reversionary bonus | 5.5–6% IRR |
| ICICI Pru GIFT | Guaranteed Income | Annual income or lump sum option | ~6% IRR |
| Max Life Guaranteed Income | Guaranteed Return | Annual income + maturity bonus | 5.8–6.2% IRR |
How to Select the Best Maturity Plan
- Check IRR (Internal Rate of Return): IRR tells you the real return on investment. For example, a plan showing 6.2% IRR means it works like a fixed return of 6.2% annually.
- Decide Between Guarantee vs. Bonus: Guaranteed plans (HDFC, SBI, ICICI, Max) give fixed maturity values. Bonus-linked plans (like LIC Jeevan Anand) may give higher returns, but depend on yearly company declarations.
- Match Policy Term with Your Goal: For a child’s education (15 years) or retirement (20–25 years), align the maturity year with your target milestone.
Real-Life Example
Ramesh, a 35-year-old from Jaipur, compared two policies with ₹10 lakh cover for 20 years:
- LIC Jeevan Anand: Projected ₹13.5 lakh maturity (bonus dependent).
- HDFC Life Sanchay Plus: Guaranteed ₹13 lakh maturity.
Ramesh chose HDFC Life Sanchay Plus because he valued certainty over potential upside.
FAQs on Maturity Value
Q1. Which company offers the absolute highest maturity in 2025?
👉 It depends on bonus declarations. Historically, LIC’s Jeevan Anand has shown higher payouts, but private insurers like HDFC and ICICI offer guaranteed certainty.
Q2. Is 6% IRR really good in 2025?
👉 Yes. With bank FDs at ~5.5–6% and PPF at 7.1%, an insurance plan with 6% IRR plus life cover is competitive.
Q3. Should I only buy for maturity value?
👉 No. Always balance between life cover, tax savings, and maturity returns.
Why It Matters
The highest maturity value may not always be the “best” plan for you. What matters is choosing a policy that:
- Matches your financial goal.
- Balances guaranteed safety and potential upside.
- Offers peace of mind along with decent returns.
Bigger maturity is attractive, but guaranteed peace of mind is priceless.
Want to know?
- Best LIC Plans for Middle-Class Families (₹20K–₹50K Income)
- Guaranteed Return Plans – Are They Really Safe?
