What is the maturity amount of Jeevan Shree plan 112?

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.
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How maturity is calculated in LIC Jeevan Anand?

Details of your Plan:

  1. Sum Assured (A): = Rs. 5,00,000.
  2. Total Bonus Amount on Maturity (B): * = Rs. 1000.
  3. Maturity Amount (A+B): = Rs. 35,000.
  4. 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.