Need A Financial Product Forums Insurance How much will I get on maturity of LIC policy

This topic contains 1 reply, has 2 voices, and was last updated by  Kirti Desai 2 years, 7 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #47235

    Kirti Desai
    Member

    In 2012, I took a LIC policy with a maturity period of 15 years. I am paying an annual premium of Rs. 50,000. The basic idea behind taking this policy was for my daughter who is now 2 years old. It is written in the LIC bond that if I survive at the maturity, then value will be equal to sum assured plus bonus. How much will I get on maturity?

    #47236

    You will get somewhat around 5 to 5.5% annual growth. Bonus rates are difficult to predict and change on yearly basis.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com