New Money Back plan - 20 years provides three money backs which are 20% of Sum Assured on completion of 5th, 10th & 15th year of policy and on completion of policy term (20 years) 40% of Sum Assured + Bonus + FAB is also provided as maturity amount. Please provide following details to calculate Maturity.
Wrote : 09-02-2017 15:51:40
hi, sir/madam, i have been shortley opend new lic (new money back policy)20 years. my policy no is(896014181). i paid it amount by cheque. but i never got my LIC FIRST PAYMENT RECEIPT
Replied : 09-02-2017 16:10:48
You can contact your branch or agent for the same.
Wrote : 12-10-2016 12:58:24
Hi, If i'm taking a sum assured of 1000000 INR "In case of death during policy term, 125% of Sum Assured + Bonus + Final Addition Bonus (Normal Life Cover) will be paid to nominee." Is this mean 1250000+2000(Assuming)+ 1289000. Please clarify. Thanks in Advance.
Replied : 12-10-2016 13:42:51
Yes, but the bonus is accumulated bonus, which means it will be increasing as the policy term progresses. You may use above calculator for year-wise approx accumulated bonus.
Wrote : 27-03-2016 14:10:28
I had taken new endowment plan for 20 years. Sum assured is 210000. Half yearly payment of 5422. What will be my exact maturity amount..?
Replied : 27-03-2016 20:04:41
Exact maturity can only be calculated at the time of maturity only. pls maturity calculator for this plan for approx amount.