POSTED BY January 9, 2014 10:34 am COMMENTS (3)
ONI 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)
2021 © Jagoinvestor.com All Right Reserved
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
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
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