POSTED BY March 27, 2014 9:11 pm ONE COMMENTON
I am invested in LICs Jeevan Shree without profit (without accident benefit) Policy. I have been paying yearly premiums of Rs. 25268 since March, 2001 and shall continue till 2016. The sum assured is Rs.5,00,000.
The policy term is 25 years and the payment term is 16 years. I was told that the ”without profit version’ of the policy means there will be no bonus, LA or GA payable to you and on the date of maturity, only the sum assured will be paid.
My query is
1. Will I not be getting any bonuses because it’s a ‘without profit’ policy.
2. What is the sum one can expect at maturity?