Need A Financial Product Forums Insurance Queries related to bonus addition on endowment plan of LIC

This topic contains 1 reply, has 2 voices, and was last updated by  Mangesh Lal 2 years, 1 month ago.

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  • #48100

    Mangesh Lal
    Member

    I have taken an endowment plan from LIC. I opted for this policy in March and I pay quarterly premium. I have few doubts related to the bonus payment of this policy. Will I got quarterly bonus or annually? In which particular month will the bonus be credited to my account? How a bonus is calculated on this policy?

    #48101

    Dominic Ray
    Member

    Bonus is usually added at the end of every financial year (i.e. the last date of March). Loyalty bonus is added to the policy at the time of its maturity and is calculated on the basis of performance of insurance company.

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