Lic Jeevan Saral Plan Maturity Benefit
After extensive browsing online and looking through several social media posts, I found LIC Jeevan Saral table 165 plan to be fairly controversial with several people complaining that they received less amount at the time of maturity than they thought....
Can anyone help me determine the maturity benefit?
Details as follows
Sum Assured: 5,00,000/-
Annual premium: 24000/-
Year of Commencement: 2012
Year of Maturity: 2033
Term: 21 Years
Age: 25 years (at the time of subscribing to the policy)
What would the maturity benefit compose? Just sum assured+ loyalty addition? Or is there guaranteed bonus too?
Surrendering the policy is a real option now but before I make a decision I'd like to know the amount of maturity benefit that this policy could potentially provide?