i have a lic policy of my daughter, how much should i expect ?



Policy is marriage endowment/educational annuity plan with profit with accident benefit
Table term 90
Premium paying term 21
premium is 31892 yearly
sum insured is 7,00,000
how much should i expect (its maturing in feb 2025)
first premium paid in feb 2004 and last premiun will be in feb 2024

i have a lic policy of my daughter, how much should i expect ?
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4 Replies to “i have a lic policy of my daughter, how much should i expect ?”



  1. insurance is mainly for risk coverage ie get money 700000+bonus for marriage if u alive or not.secondly insurance working as savings and give moderate returns greater than bank interest+tax benfit.


  2. since its endowment you will be getting your sum assured of 7,00,000 definitely.
    For information on bonuses per year from the 2004 to 2010 and henceforth log on to

    http://licindia.in/bonus_info.htm

    Find out your policy and bonus. the number qouted is rupees per thousand so if number is 51 then bonus for your policy would be 51*700 = 35700 /- for that year. these get accured over 20 years and would be getting back as bonus when policy matures in 2025.

    There is also an interim bonuses declared in between for policies working for more than 15 or 20 years as well and the same information can be found out at the above website address.

    good luck!!





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