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In case of LIC New Endowment Plan, the premium was Rs 39,191 in the first year and Rs 38,529 in the subsequent years.You could have done better with Term Plan and PPF.Note -For Jeevan Pragati (Plan 838 earlier for policies whose term is between 16 years to 20 years was.40.For example, earlier for Jeevan Surabhi (Plans 106, 107 and 108 the bonus rate for 11 to 15, 16-20 and above 20 years plans was.38,.42, and.44 respectively.Minimum Entry Age: 8 years, maximum Entry Age: 50/54/59 years for policy terms 25/21/16 years respectively.The only difference I see is that LIC Jeevan Labh is limited premium payment plan.In such a situation, you may find it difficult to calculate returns on your LIC plan.
This was the LICs special plan.
It is announced as per thousand of Sum Assured. .
You can see there is nothing really to be excited about when it comes to returns (even with very optimistic values of bonuses).
46,525 and Rs 45,738 in the subsequent years.
After including service tax, premium in the first year will.The caveat is that you do not get the reversionary bonus the same year. .One for the old policies which are closed and another list for the new policies which are currently available for purchase.I have picked up LIC e-Term plan. .I am not even talking about equity mutual funds.This is the one-time payment payable either at the death of policy holder or at maturity.The bonus merely gets added to maturity amount and is paid at the end of policy term.