jeevan anand

#1
hi, i havejeevan anand from lic. i took it in 2008. it says sum assured Rs 500000.
premium payable--20687 INR
date of last payment---28/08/2033.

I was 34 yrs old when i started this policy & i have already paid three premium inst.

I want to know exactly how much amount i will receive after completing this policy in 2033. Also, if i die before completing this term how much my nominee will get & what other benefits y nominee will get.
 
#2
although the query is an insurance matter, still i try to clear your queries regarding jeevan anand. it seems that u have taken the policy with 25 yrs term.
at the end of 25 yrs you are likely to receive approx. 10,87,500/= with some additional bonus. thereafter your risk coverage continues, without giving any premium, till death i.e. your nominee will get 5 lacs on your death.
if death occurs within the pemium paying term say 8 yrs later then your nominee will get
5 lacs + 1,88,000/=( bonus for 8 yrs @ 4.7% per yr). in case of death within the premium paying term , after paying death claim to nominee , policy contract gets terminated and chapter is closed.
hope u got your query resolved.
 

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