Simple Reversionary Bonus is declared per thousand of the Sum Assured Amount in each financial year and added to your policy amount. SRB is paid at the end of the maturity period or on the death of the policyholder, whichever is earlier. For instance, if you are holding aJeevan LaabhPolicy...
LIC Life Insurance Premium Calculator Formula - Find Life Insurance Rate Calculator, Price Calculator, Policy Premium Calculator and Maturity Calculator Excel at liccalculatorpremium.com.
Rider: Accident Benefit Rider can be opted for along with this type of life insurance plan offered by LIC of India. Features of LIC Jeevan Rakshak Minimum and maximum age: 8-55 years Maturity age: 70 years Policy term: 10-20 years Minimum and maximum sum assured: Rs. 75,000-Rs....
On maturity in 16th year, you are paid reduced sum assured plus any bonus already accrued up to the 8th year. Any other Bonuses declared by LIC in future, i.e. after making the policy paid up which is the 8th year in the example, your policy will not eligible for such future bonus ...
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