Life insurance query.

POSTED BY pareshmchheda ON June 18, 2012 11:53 am ONE COMMENT

Dear all,
I have a LIC jeevan shree policy ( table : 112 ) .
DOC : 21/12/2001.
SA- Rs. 10,00,000.
Premium – Rs. 53454 p.a.
Policy term – 25 yrs ( Premium paying term – 16 yrs ).
I would like to know approximate amt that i will get in maturity ( ie, after 25 yrs ).
Should i continue this policy or not ?
I had paid till now 11 premiums.
Regards,
Paresh.

One reply on this article “Life insurance query.”

  1. Ashal Jauhari says:
    June 18, 2012 at 12:57 pm

    Dear Paresh, Please continue with this policy for the remaining 5 prem. The reason is – this policy is offering Gtd. bonus of 75 Rs. per year 1000 sum assured i.e. 75000 Rs. per year for you. In the event of surrendering now & considering the fact that remaining time on hand is less to recover the loss, it’s advisable to continue.

    Thanks

    Ashal

    Reply

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