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, 2 months ago.

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  • #47235

    Kirti Desai
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    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.

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