I have a lic policy (New Jeevan Anand) with an annual premium of 42000. Policy term is 26 years and basic sum assured is 10 lacs.
I wanted to reconfirm my understanding on few terms which are often tossed by insurance agents. Terms like:
1) Simple Reversionary Bonuses and
2) Final Additional Bonus
Please help me in calculating the above two in my case.