I have brought a BIMA gold of LIC ( one lakh for sixteen years) after the end of the term how much I will get?
Answer:
Bimagold is basically a money back product from LIC. It is not a guaranteed policy. What is guaranteed is particular sums at regular intervals in terms of money back. The remaining amount is paid on maturity.
However this being a participatory policy , LIC will declare bonus every year. The bonus depends on the effective return on the capital employed by LIC. What the market will be like in future can not be predicted. The LIC has given 2 illustration on its website. These are only illustrations giving you an idea about what the returns will be in a particular rate of return. Pleas go through link for details.
http://www.licindia.com/investment_bimag.
U must explain what is gold?
How much u paid and when?
What returns have they promised? (must be written on policy.)
A lots of headache due to the disappointment.
they deduct ur money back in four intervals from wat actually u paid amount plusbonus may be approx 50000
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: