I have been reading forums and various websites to know about LIC jeewan anand, I read about 20 reviews and comments but no one explained it completely.
Can some one help me to under stand in terms of:
Till how many years i can continue this.
how much benefit i will get if i continue for 10 years?
do i need to keep paying the premium after 5 years?
policy start date : 1-jan-2011
Maturity date : 31-dec-2015
what % of profit will i get after 5 years?
if i pay 50,000 per year as premium.
2012: 50000 total:100000
2013:50000 total : 150000
2014: 50,000 total : 200000
2015: 50,000 total:250000
what will i get now in 2016 january?
can i continue it after 2015 without paying?(to get the bonus)
can i continue it after 2015 and paying more premium?
what benefit will i get..
I think, this example will be best for ppl who doesnt know anything about insurance.
Thanks in advanced.