Hi,

I already have Tata-Aig raksha term for 30L and willing to take another term to increase sum assured upto 50-60L. Considering buying either LIC jeevan amulya due to LIC reputation or SBI shield. One good fact about shield is that we can choose the sum to be increase either by 5% pa or 50% per 5 years. My query is that as in shield the sum assured will increase, does this affect premium? or by saying 50% increase, on which amount the increase will effect?

I mean, suppose now I take 20L sum assured, so after 5 year it will become 30L but what it will become after another 5 years? 40L (if we consider 50% of original 20L amount or 45L (if 50% of last amount considered).. Any hint?

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Jagbir

Second option: Increase in sum assured by 50 per cent every 5 years
Under the second option, the basic sum assured increases by 50 per cent (of original sum assured) every 5th policy year.

The premium remains constant throughout the term of the policy.

http://www.rediff.com/money/20…..erfin1.htm