Dear Mr. Shashank Kashettiwar
I have a taken Jeevan Anand Policy in 2007 Aug, for a sum assured value of Rs.5,00,000 for a term of 18 years. My DOB is 18-Sep-1985. I am paying the half yearly premium for this policy which is Rs.15,163 half yearly. I later understand that if I could have taken the policy term as 21 years instead of 18 years, I would have got higher return in terms of bonus as LIC has higher bonus for this policy with term greater than 20. In my case how much will I will be getting if my tenure was 21 years instead of 18 years. Is there any chance, I can revise the tenure to 21 years now. Also If I am surrendering the policy now what shall be the amount I shall be getting on hand. Until today my vested bonus is RS.1,04,500 and I have paid 12 premiums. Please advise me accordingly.
Thanks
Sakthi Manoj