LIC - Jeevan anand query

[kapoorabhishek2]

I had purchased LIc policy this year in the month of April ...

Policy start date : Arpil 2004,
Policy Premium : Rs. 11679
Sum Assured : Rs. 2,30,000/-.
Premium payment term: 21

I want to know what approx total amount i will get after completing 21 years..
and what benefits i can take during the period of the policy

 

[abdriver2000]

You will get the sum assured plus loyalty additions (declared on yearly basis) at the end of 21 years. The cover will continue for life and your family will get additional 230000 when you decide to kick the bucket

Hence the jingle... Zindagi ke saath bhi, Zindagi ke baad bhi !

Disclaimer: I am not an LIC agent. Just that this was my first policy too!

 

[kapoorabhishek2]

Will get

2,30,000 or (11679*21)245259 + loyality (declared on yearly basis (what is the average amount ))

And will get life insurance worth 2,30,000 for life time period

 

[shanki99]

Will get

2,30,000 or (11679*21)245259 + loyality (declared on yearly basis (what is the average amount ))

And will get life insurance worth 2,30,000 for life time period

Hope u see this reply !

Dont compute with premiums paid

Its only the Sum assured (2.3L) that will be paid at the time of maturity along Bonuses.

Bonuses average between 50 to 65 per thousand sum assured per annum

For eg if it is 50 then, 50 * 230 * 21 = 241500

So at Maturity SA 230000 + Bonus 241500 will be payable

And also the free term insurance for the full SA for the rest of ur life

 

[kapoorabhishek2]

Thax a lot ...for the information and clearing my doubts ........