Insurance query

LIC bonus can be withdrawn before the maturity?

LIC bonus can be withdrawn before the maturity?

The LIC Bonus earned from the policy cannot be withdrawn. Bonus earned from LIC Policy can be earned only on maturity. The LIC pays a bonus after the completion of 5 years, but the total amount on surrendering the policy would be much less than the total premium paid.

Early surrender of the Insurance policy is not recommended as it is a great loss to the policyholder. It is better to take a Policy loan and manage the requirements. 

Under the Money-Back policy, the LIC gives returns every 5 years. That is being paid from the premium paid, the bonus will be accumulating and paid as a benefit at the end of the term of the LIC policy. 

No Insurance policy pays a bonus in between the terms of the policy. The policy bonus is a kind of benefit which is paid on the completion of the work. 

LIC New plans, call 9886568000

admin

Recent Posts

Buy LIC India Insurance Plans – LIC BUY new Policy

Buy LIC India Insurance Plans Life Insurance Corporation of India (LIC) has long been a…

4 days ago

Insurance Agent Bangalore – Buy LIC Policy

Insurance Agent Bangalore In today's fast-paced world, financial security and planning have become paramount. One…

1 week ago

Buy LIC policy

Buy LIC policy: 9972660645 When buying online, do you know who will be your advisor…

1 week ago

LIC Premium paid statement for Income tax filing

LIC Premium Paid Statement for Income Tax Filing Filing income tax returns requires accurate documentation,…

2 weeks ago

Check LIC Policy status online

Check LIC Policy status online Check LIC Policy status online by logging in to the…

2 weeks ago

Can I surrender or close my LIC policy and get a refund?

Can I surrender or close my LIC policy and get a refund? Yes, closing and…

2 weeks ago