Plan : LIC New Jeevan NidhiAge :25Term :35Sum Assured :3000001st year Premium With TAX 3.625% :Yearly : 7741 (7470 + 271)Halfly : 3914 (3777 + 137)Quraterly : 1978 (1909 + 69)Monthly(ECS) : 659 (636 + 23)YLY Mode Average Prem/Day : 21After 1st year Premium With TAX 1.81% :Yearly : 7605 (7470 + 135)Halfly : 3845 (3777 + 68)Quarterly : 1944 (1909 + 35)Monthly(ECS) : 648 (636 + 12)YLY Mode Average Prem/Day : 20Total Approximate Paid Premium : 266311Approximate Return at Vesting Time :S.A. : 300000G.A. :75000Bonus : 396000F.A.B. : 690000Total Approximate Return at Vesting Time : 1461000Option On Vesting :1. Get 1/3rd amount as 487000 as commutation and Buy Jeevan Akshay policy of Balance amount 974000 increased by 3%.2. Buy Jeevan Akshay of Full vesting amount 1461000 increased by 3%.3. Buy Jeevan Nidhi Single Premium.Pension Start From age : 60Annuity for life with return of purchase price on death.Sum Assured : 1411594Annuity :Yearly : 106460Halfly : 51748Quarterly : 25557Monthly : 8442
Asad-What is your doubt actually????
is it a good retirement pension plan of all the insurance
companies as I am already with hdfc balanced & icici
Asad-It is typical endowment plan named with it as retirement product. If you feel return of around 6% to 7% is enough, then definitely continue. Otherwise, skip such products.