Many of us have LIC insurance policies. But not many know how to calculate expected returns on our policies. I have covered New Jeevan Anand insurance policy in this video. In a similar manner, you can calculate expected returns for other policies.
Knowing, not only the expected returns, but how to calculate, makes you aware what is the annualized rate of return the policy offers apart from the insurance coverage. This is essential in making an informed decision before choosing a money-back or endowment insurance plan.
Links of websites/pages discussed in this video:
LIC home page: http://licindia.in/LIC premium calculator: http://licindia.in/premium_calculator.htm
Returns Illustration: http://www.onlinelic.co.in/lic-premium-calculator/
FAB: http://planlic.blogspot.com/2013/09/types-of-bonuses-in-lic.html
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