Maturity Value of LIC’s Geevan Anand policy after 16 Years?

Hi can any one please answer the following question.

What is the maturity value of Lic’s Geevan Anand policy.

Sum Insured: Rs 5,00,000
Term: 16 Years

I am paying yearly premiums of Rs 35,382.

Many Thanks in Advance.

2 Replies to “Maturity Value of LIC’s Geevan Anand policy after 16 Years?”

  1. It depends upon the bonus declared by LIC every year, which is quite low as compared to bank fixed deposit or PPF. Let us take an average of Rs.37 per 1000 S.A. So, in your case, it will be around Rs.18,500 x 16 =2,96,000 + premium paid viz. 35,382 x 16 = 5,66,112. So total will be around Rs.8.62 lacs

    On the other hand, if you invest the same amount in PPF, the maturity amount will be Rs.11.21 lacs. Ofcourse, you’re not getting life insurance in PPF. But you’re paying approx. 3 lacs extra to get S.A. of 5 lacs.

    Hope it will help you.

Leave a Reply

Your email address will not be published. Required fields are marked *

one × five =