What amount I will get in Jeevan Saral on maturity.
I bought Jeevan saral policy of 1021/- Monthly in 2010, I am paying regular premium in this policy, How much amount I will get after 10 year of policy term.
jeevan saral policy was basically sold on the maturity basis of a jeevan saral Chart, this chart was not published by LIC or any other authorised person. And the maturity shown on that chart was totally a assumption on the basis of assumed loyalty addition and sum-assured, this plan was providing higher risk cover than any other endowment plan available at that time, because of that high risk cover the portion of term insurance plan was bit higher.
Chart was providing double the amount your paid to lic after 10 year, this figure was totally misleading and is not possible to provide this much of bonus, however my assumption is that this plan will provide double between 13th and 15th year of policy term.