I have two LIC policies which i took on March 2019
1. Single premium endowment plan (817) Joined on 26.03.2019
2. Jeevan Umang (845) Joined on Joined on 27.03.2019
Can you please tell me my policy is eligible for Bonus , And which date the amount will be credited to my policy .
Yes, both the plans are eligible for the bonus. LIC usually update the accounts once in a year. Also, if they show towards your policy, then you can’t liquidate the same NOR it will increase year on year. The accumulated yearly bonus will remain same till policy matures. Hence, you no need to worry too much on this aspect rather than concentrating on bonus rate. That’s the reason such policies will give you return of around 4% to 5%.
Thanks for your valuable reply….