POSTED BY December 11, 2013 8:53 pm COMMENTS (2)
ONHi,
My name is shyam kishor and age 28 years. my income is 35000 per month. now i am going to purchase jeevan saral policy for 25 years term and my lic agent told me if i will pay 24000 premium per annum and after 25 years maturity will become 2730202 and it also give 50Lac life cover insurance.
is it true?
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Dear Shyam,
With 24000 annual premium you will get 5 lac risk cover and not 50 lac cover.
And 27 lac in 25 years is more than 10 % return.
Which endowment policy has given such returns?
Don’t go for it.
Sincerely,
Swapnil
Dear Shyam, At your age of 28Y, same 50L cover is available for 4-5000 Rs. yly only in an online term plan. W’d you still opt this not so SARAL thing? How can your agent say that you ‘ll get X amount as maturity. Interestingly there is mno guarantee of any bonus in this policy as on date.
Thanks
Ashal