Marriage Endowment/Educational Annuity Plan with Profit with Accident Benefit

POSTED BY Pranshu ON January 22, 2014 6:20 pm COMMENTS (2)

Dear Manish, As mention in title we have taken a LIc policy a year back for 15 year. I am paying Rs. 31001/= as a yearly premium.

This policy was taken by me and my wife for my daughter who is just 1 year old. I want to know if we took a right dicesion as I am not much aware about it. If I can know more benifite and how much money we will get once its mature. In the LIC bond it is mention that if serviving at the time of maturity = sum assured+ vast bonus. What does it mean and how much we will get.

Regards

Pranshu

2 replies on this article “Marriage Endowment/Educational Annuity Plan with Profit with Accident Benefit”

  1. ashalanshu says:

    Dear Pranshu, the bonus rates ‘ll be declared for each year and one can not predict accurately what ‘ll these rates for each of your policy year. In general, you ‘ll get around 5-5.5% annual growth rate on your money. If you are happy with such growth, continue, else shut this policy. As you are NRI, even a simple 10Y RD linked with your NRE account ‘ll fetch you tax free 9% annual growth.

    Thanks

    Ashal

    1. Pranshu says:

      Dear Ashalanshu,

      Thank you very much for your information.

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