Topic: LIC MARRIAGE ENDOWMENT POLICY FOR 5 LAKH FOR 20 YR TERM

i have taken LIC marriage endowment policy for 5 lakh for 20 yr term. Agent assured that i could get about 11 -12 lakh after the term. Is this possible?

Yes, this is possible.

Sum assured is Rs. 5 Lakhs. Current bonus being paid on a 20 year endowment is Rs. 40 per Rs. 1,000 of sum assured. That means a total of Rs. 4Lakhs (40*500*20yrs).

Terminal bonus being declared by LIC at the end of the term is approximately 16% - 100% of sum assured. so, even if we assume approximately 50%, that comes to Rs. 2.5 Lakhs.

Sum of all this is Rs. 11.5 Lakhs (Rs. 5L + Rs. 4L + Rs. 2.5L). so, looking at reasonable assumptions, what your LIC agent is telling you is possible.

Returns wise, the presentation of your agent is correct. Taking 21 yr term would have been better as it has higher bonus rates.

But there is a major disadvantage in the policy with respect to insurance cover. Nothing is payable on death except if accidental.

You can recycle this policy strategically to ensure that you get better benefits. Email me if you wish to have details.

I want to join LIC Marriage policy for my child 1 Year old,I can deposit monthly Rs.1000 I want to know how much will I get after 17 years upto (Islamic ) , please sent me the policy details to my email Id mkunnil123@yahoo.co.in

By Mohammed

Anonymous wrote:

i want a details of lic marriage endowment policy

I want to join LiC marriage policy for my child 14 years, iwill taken 5 lakhs policy for 10 years, how much amount i will get after 10 years my age 43 years how much will pay Yearly premium

i want to join marriage policy please provide the premium details monthly or yearly or quaterly

want to know the child marriage endowment policy

i want full details of endowment policy how much we have to pay how much the duration is there please give the details of this policy my email address is murugarama08@gmail.com :

4lakh plan give dittels

Anonymous wrote:want to know the child marriage endowment policy

hi,
i want full details of endowment policy..how much i have to pay how much the duration is there.. please give the details of this policy my email address pankarul@gmail.com

thx in adv.

sir i want endowmenmt plan for my child 2 month for 21 yr premium 1000 to 1500 pm pls give me how much money give me after 21 yr

No Dear this not possible you will get 7 to 8 lack on complete of polocy

anand wrote: i have taken LIC marriage endowment policy for 5 lakh for 20 yr term. Agent assured that i could get about 11 -12 lakh after the term. Is this possible?

i have jivan saral policy of lic with 1000 /- per month premium pse intimate full details of this policy on my email adds i.e pranshuyubraj@gmail.com

Anonymous wrote:i want to join marriage policy please provide the premium details monthly or yearly or quaterly

I want to join LIC Marriage policy for my child 1 Year old,I can deposit monthly Rs.1000 and I want to know how much i will get after 18 years, , please sent me the policy details to my Email Id-fasilmohd_789@yahoo.com

By Mohammed fasil k.s

Hi, Md If you are in bangalore pls contact me on 9742264742

i want to know about lic endowment policy deposit 4 lakhs and get 1 crore after 18 years

i want to know about lic endowment policy deposit 4 lakhs and get 1 crore after 18 years

Anonymous wrote:i want to join marriage policy please provide the premium details monthly or yearly or quaterly

Anonymous wrote:I want to join LiC marriage policy for my child 14 years, iwill taken 5 lakhs policy for 10 years, how much amount i will get after 10 years my age 43 years how much will pay Yearly premium

I JOIN A MARRIEGE ENDOWMENT POLICY FOR MY CHILD I WILL TAKEN 3 LAKHS POLICY FOR 20 YEARS HOW MUCH
I WILL GET AFTER 20 YEARS

You guys will loose your money if thinking for long duration & investing in LIC.
Take a term plan of 25-35 lacks for which you need to pay only 8k-9k per year to secure your family.
Ramining money if invest in PPF & MF will give you more returns in the future.
take a gold & House, home loan for IT benifit.

I have Paid up two LIC jeevan aanad & divert that money to SIP & property to become more reacher in future.

You can check out several quotes of the life insurance companies with this concept. life insurance in india can be availed at affordable prices.

Product summary:
This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Premium:
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the selected term of the policy or till earlier death.

Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.

Benefits in case of death during the selected term:
The Sum Assured along with the vested bonuses is payable on death in a lump sum.

Benefits in case of survival to the end of selected term:
The Sum Assured along with the vested bonuses is payable in a lump sum on survival to the end of the term. An additional Sum Assured is payable on death thereafter.

Accident Benefit:
An additional Sum Assured (subject to a limit of Rs.5 lakh) is payable in a lump sum on death due to accident up to age 70 of life assured. In case of permanent disability of the life assured due to accident this additional Sum assured is payable in instalments.

Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.

Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender values are available on the plan on earlier termination of the contract.

Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium. Any extra premium(s) paid and premium(s) towards Accident Benefit are also excluded.

Corporation’s policy on surrenders:
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.

The Corporation’s surrender value will be reviewed from time to time and may change depending on the economic environment, our experience and other factors.

I AM GAURAV DEVELOPMENT OFFICER IN LIC OF INDIA IN MUMBAI IF ANYONE FROM MUMBAI WANT TO TAKE JEEVAN ANAND POLICY CAN CONTACT ME ON 7208822646. JEEVAN ANAND POLICY PROVIDE FREE RISK COVER FOR THE AGE UPTO 70YRS.

Product summary :
This is an Endowment Assurance Plan issued on the lives of husband and wife. The plan provides financial protection against death of both the lives. It pays the maturity amount on survival of one or both the lives to the end of the policy term.
Premiums :
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the policy or till the first death of the lives covered, whichever is earlier.

Bonuses :
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Such bonuses are to be added till date of maturity or the second death of the lives covered, whichever is earlier. Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Death Benefit :
On first death the Sum assured is payable in a lumpsum. If the survivor of the two lives dies thereafter during the remaining policy term, Sum Assured along with the all bonuses is payable again in a lumpsum.

Maturity Benefit :
If one or both the lives survive till the end of the policy term, Sum Assured along with all bonuses declared up to maturity date is payable in a lump sum.

Supplementary/Extra Benefits :
These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.

Survival benefits:
If one or both the lives survive to the maturity date, the sum assured, along with the accumulated bonus, is payable.

Death Benefits:
In case either of the couple dies during the policy’s term, two things happen. One, LIC pays to the surviving spouse the full sum assured. And, two, the policy continues on the life of the surviving partner without him/her having to pay any further premiums, i.e. the life cover on the survivor continues free of cost.

The sum assured is again be payable on the death of the other partner in case both the husband and wife were to die during the term of the policy. Vested bonus would also be paid along with the sum assured on the second death.

Surrender Value :
Buying a life insurance contract is a long-term commitment. However, surrender values are available under the plan on earlier termination of the contract.

Guaranteed Surrender Value :
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium.

Corporation’s policy on surrenders :
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender is the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premiums paid.

The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.

I AM GAURAV DEVELOPMENT OFFICER IN LIC OF INDIA IN MUMBAI , IF ANYONE WANT TO TAKE JEEVAN SATHI PLAN CAN CONTACT ME ON 7208822646..ITS REALLY GOOD FOR NEWLY MARRIED COUPLE

I want to join LIC Marriage policy for my child 1 Year old,I can deposit monthly Rs.1000 and I want to know how much i will get after 18 years, , please sent me the policy details to my Email Id-
shaliniraj464@rediffmail.com

LIC jeevan aanad

I want to join LIC Marriage policy for my child 1 Year old,I can deposit Rs.50000 and I want to know how much i will get after 18 years, , please sent me immediately the policy details to my Email Id-pawan_123chouhan@yahoo.com

thanks
pawan kumar
09917388248

In Marriage endowment policy what happens to the policy if divorce happens between husband and wife?

Sincerely this is the first time that I came to know that about the marriage endowment , So just planning a good policy for my marriage.Good idea

hi jack in marriage endowment plan you insure your child marriage not for your marriage

Gaurav Bailbahre
Development Officer
lic of india

**SAVE RS 65 PER DAY AND GET GURRANTED RETURN OF 1500000 FOR DAUGHTER MARRIAGE FROM LIC**

IF ANY ONE WANT TO TAKE MARRIAGE ENDOWMENT PLAN FROM LIC CONTACT ME.

GAURAV BAILBAHRE
DEVELOPMENT OFFICER
LIC OF INDIA

anand wrote: i have taken LIC marriage endowment policy for 5 lakh for 20 yr term. Agent assured that i could get about 11 -12 lakh after the term. Is this possible?

Hi anand

you will get 1015000 from lic under marriage endowment plan

SA 500000
bonus 48x500x20 = 480000
final additional bonus 500x70= 35000

so it may goes upto 1100000.

Gaurav Bailbhare
Development Officer
LIC OF INDIA

HELLO FRIENDS, IF ANY ONE WANTS HELP REGARDING LIC ANY PLAN IN KOLKATA OR HOWRAH.
PLEASE FEEL FREE TO CALL ME:
M:9804611439

anand wrote: i have taken LIC marriage endowment policy for 5 lakh for 20 yr term. Agent assured that i could get about 11 -12 lakh after the term. Is this possible?

yes it is possible.

regards,
P.S.NARAYANAN
9920469055

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