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LIC bonus can be withdrawn before the maturity?

LIC bonus can be withdrawn before the maturity?

The LIC Bonus earned from the policy cannot be withdrawn.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

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