Insurance got you feeling like a fish out of water? Drop us a question and our team will cast a net of knowledge. Join the thousands who've found answers with us!
Sir. My jeevan shree policy No.730745039. (112) is to mature on 22.2.2022. Please let me know the total maturity amount I will get including Loyaly additions, guaranteed additions, and. Final additional bonus apart from the assured amount of 5L
Hi Mohamed, thanks for writing in. The maturity value will depend upon the policy term and premium paying term. Even though Jeevan Shree (112) is an endowment plan, it does not offer bonuses, however, there are guranteed additions of Rs. 75 per Rs. 1000 of sum assured each year and loyalty additions if premiums are paid for at least 5 years. The maturity amount will be calculated as Sum assured + Guaranteed Additions of Rs 75 per 1000 Sum Assured + Loyalty additions (if premiums of at least 5 years have been paid).
Guranteed additions therefore amount to Rs. 37,500 per year and you can find loyalty additions applicable for your policy on the LIC website here: https://licindia.in/Customer-Services/Bonus-Information.aspx
For the exact maturity amount, we recommend you contact the LIC helpline. You can find their customer care number for your area here: https://licindia.in/Top-Links/Contact-Us
