The LIC Bonus earned from the policy cannot be withdrawn.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.
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