Jeevan Shree Without Profit – Is it worth it?

POSTED BY prasad.nag ON December 16, 2011 2:42 pm COMMENTS (10)


I have a LIC’s – Jeevan Shree without profit (Without accident benefit) policy.

Term: 25 years (premium payable only for 16 years)

Policy start date: 2002.
Premium: 135328 (Yearly)
Sum Assured: 28 Lakhs.
Special provision: Guaranteed addition of Rs 75 for every thousand sum assured added every anniversary.

I have been paying premium blindly till date, can anyone please suggest if this policy is worth continuing?

Thank you in advance.


10 replies on this article “Jeevan Shree Without Profit – Is it worth it?”

  1. MANAN says:

    i have take policy jeevan shree without profit in 2001 of yearly premium of rs. 24774 of 25 years. what amount would i get on maturity. it matures on year 2025.

    1. Hi MANAN

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that


    2. Vivek says:

      You would get 2087500

  2. vasanthakumari says:

    I took JEEVAN SHREE WITHOUT PROFIT ( Without accident benefit) on 20-10-2001 with maturity date of 20-10-2016 for a sum assure of Rs. 5 lakhs under table & term 112-15(10). Last instalment of Rs. 53402/- was paid on 20-10-2010. What I am expected to get on maturity. Was I eligible for guarenteed bonus of Rs. Rs. 75/- per thousand all these yrs. This info will be helpful to plan for my investment planning post retirement.

    1. Hi vasanthakumari

      The best answer you can get only from the agent you invested through or just contact the company. The thing is your case is a bit personalised and other than company, no one can give accurate information


  3. sunnyvijay says:

    Hi Ashal,

    I have the same policy and started in 2002 only.

    Effective next year the premium payment ends.

    Since the date of maturity is 2027 will we receive any maturity amount only by 2027 only ?


    1. Yes ! .. unless there is a component called “money back” as per your policy document . Read it !

  4. Dear Prasad, I’m happy that I was able to help you out. Please feel free to ask more if you need so.



  5. Dear Prasad, This particular policy is giving you a Gtd. return of 7.45% in the form of 75 Rs. bonus rate + the return of sum assured. If we add the loyalty addition of around 10L rs. in 2027, the XIRR improves to 8.1%. In case the loyalty addition is more than 10L Rs. the XIRR ‘ll improve more.

    In my view, please continue with this policy.



    1. says:

      Thank you Ashal for your response.

      It helps.


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