Since last 12 years, I am paying annual premium of Rs. 37,902 towards LICs Jeevan Shree. SA is Rs. 7, 50,000. Policy term is 25 years, payment term is 16 years. Since it is a without profit policy, will I get any bonus and what sum can I except to get at maturity?
For this policy, guaranteed bonus rate is Rs. 75 per Rs. 1,000, i.e. 56,250 yearly bonus addition in your case. In 25 years, your policy will get total Rs. 14, 06,250 (56,250 * 25) as basic bonus. In addition, you will get Rs. 7, 50,000 sum assured.