Till when should I pay for my LIC Jeevan Saral to get back my paid premiums

POSTED BY nkldce ON January 9, 2014 10:34 am COMMENTS (3)

I have two policies of lic Jeevan Saral with annual premium of 30000. as i read the document i found that after five years of premium payment, i may get atleast the money paid. but when I inquired LIC helpline the value is @100000 against 150000 i have paid. i was shocked. so i want to know upto which year i should carry on investment in this policy so that atleast i can get back the money i have paid….(no return will do…atleast the premium amount)

3 replies on this article “Till when should I pay for my LIC Jeevan Saral to get back my paid premiums”

  1. ashalanshu says:
    January 12, 2014 at 3:48 am

    Dear Nk, what benefit ‘ll you get by getting just the paid prem. in 8-10-12 years? What about the lost opportunity of not earning any return from the money? What about the impact of inflation on the prem. amount

    Thanks

    Ashal

    Reply
  2. vijay says:
    January 9, 2014 at 4:01 pm

    Apparently, if you make the policy paid-up after 5-yrs., you are entitled to the ‘bonus’ component as well…that’s a marginal increment to the paid-up value

    Reply
  3. Manish Chauhan says:
    January 9, 2014 at 1:29 pm

    I dont think that its written anywhere in LIC policies that you will get your premiums paid after 5 yrs ? Can you please refer it back once again .

    Only if you continue your policy for a very long time like 10-12 yrs, you get some decent returns, else not

    Manish

    Reply

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