Feb 15, 2016 03:08 PM
28649 Views
LIC Jeevan Shree policy offered by LIC of India is a very good life insurance policy that offers amazing returns to customers. In fact the terms and conditions for this policy had been revised since January 2002. But I had procured this policy prior to that and in new terms and conditions, the returns are not that attractive as it was earlier.
I had taken this policy in my name with a yearly premium of Rupees 27, 066 for a tenure of 16 years and the maturity period of 25 years from the date of commencement. It has a life coverage of Rupees 5 lacs on accidental death or permanent disability. The rate of interest is 9.5 per annum which is not offered by any other endowment policy from LIC of India.
Again, it offers a guaranteed addition of 7.5 percent per year on the total assured money. As it stands today, I need to pay till 2017 and in the year 2025, I am expected to receive the maturity amount of Rupees 18 lacs after paying Rupees 433, 056 towards premium in total. Isn't it attractive?
