Lic's Moneyback plan

Please contact Kunal Bhatia (me): 9860002486, I'm on Whatsapp also.

Moneyback plan from Lic is a profit plan, which gives you money back every five years. Insurance is complimentary. It is a attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

Listen to below audio in hindi for better understanding the policy.

Lic's Jevan Anand

Please contact Kunal Bhatia (me): 9860002486, I'm on Whatsapp also.

Jeevan Anand Policy is an Endowment Plan, meaning benefit is paid either on maturity or on death whichever comes early, but there is more to it in Jeevan Anand Policy, Even after maturity, your insurance keep on going till your death. On your death your family is paid sum assured once again. (jeevan ke saath bhi jeevan ke baad bhi) 

To understand this Lic policy better, lets listen a audio.

After listening the audio see below an example

Age at entry: 25 years

Premium paying term: 35 years

Sum Assured: Rs.1,00,000/-

1st Year with TAX 3.09 % 

Yearly: 3225     [3128 + 97]

Half-Yearly: 1628     [1580 + 49]

Quarterly: 822     [798 + 25]

Monthly: 274     [266 + 8]

From the 2nd Year with TAX 1.545 % 

Yearly:  3177     [3128 + 48]

Half-Yearly: 1604     [1580 + 24]

Quarterly: 810     [798 + 12]

Monthly: 270     [266 + 4]

You've invested (3225 X 1) + (3177 X 34) = 111243/- in 35 years, Calculation done on Yearly premium.

So your approximate Maturity Calculation will be:

Bonus: 168000/-

Final Addition Bonus: 185000/-

Total Maturity (Sum Assured + Bonus + FAB ): 453000/-