What is the maturity amount of Jeevan Shree plan 112?
Table of Contents
What is the maturity amount of Jeevan Shree plan 112?
Jeevan Shree Plan 112 – Example of benefits
| Premium and Maturity Benefit of Jeevan Shree – 112 | ||
|---|---|---|
| Premium | Maturity Benefit | |
| Yearly Premium | 25272 | 5,00,000 |
| Half Yearly Premium | 12843 | 9,37,500 |
| Quarterly Premium | 6525 | 5,50,000 |
What is the maturity value of my LIC policy?
What is the Maturity Value of LIC Policies? The Maturity Values in the With Profit Plans usually constitute the Sum Assured, Bonuses received during the term of the policy, and any Final Addition Bonus that is declared.
What is Jeevan Shree policy?
Key Features of LIC Jeevan Shree-I
| Plan Type | Participating Endowment assurance plan |
|---|---|
| Policy term | 25 years. |
| Guaranteed Additions | This amount is calculated as calculated at the rate of Rs. 50 for every Rs. 1000 of the Sum Assured amount. |
| Premium payment frequency | Monthly, quarterly, half-yearly and annually. |
How maturity is calculated in LIC Jeevan Anand?
Details of your Plan:
- Sum Assured (A): = Rs. 5,00,000.
- Total Bonus Amount on Maturity (B): * = Rs. 1000.
- Maturity Amount (A+B): = Rs. 35,000.
- Period of Maturity = Dec, 2021.
What is the tax rate on LIC maturity amount?
Since the maturity payment is above Rs 1 lakh, the insurance company is liable to deduct tax on the maturity proceeds. The insurance company is liable to deduct tax at 5\% of the income component of the payment, before releasing the payment to the taxpayer.
Can I get loan on Jeevan Shree policy?
Loan against Policy: Loan against the policy can be taken after the individual has regularly paid their premiums for a particular period of time. No Restrictions of Higher sum assured: This particular insurance plan is meant for people with very high net worth. Hence, the sum assured has no higher limit.
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