i have jeevan anad policy 149 for 21 yrs,started in 2006 for 3 lac sum assured what will; be final amount in 2027- date of maturity

Ans: You hold a participating insurance policy with dual benefits: life cover and maturity payout.

The policy term is until age 100, ensuring lifelong coverage.

Your premium-paying term is 20 years, ending in 2025.

You will receive a maturity payout in 2025 if you choose.

Alternatively, you may keep the maturity amount invested in the policy.

If kept invested, benefits accumulate until policy maturity or claim.

Key Aspects to Evaluate
Life Coverage Beyond 2025
Post-2025, the policy continues to provide life cover until age 100.

The sum assured ensures financial security for your dependents.

Maturity Amount Usage
The payout in 2025 can address your financial goals.

Retaining the maturity amount earns additional bonuses over time.

Cost-Effectiveness of Continuing
Premium payments cease after 2025, reducing financial outflow.

Assess the policy's bonus and return rates for future benefits.

Assessing Financial Goals
Immediate Needs
Review current financial priorities like retirement planning or liabilities.

The maturity amount can supplement other investments.

Long-Term Growth Opportunities
Retaining the policy boosts long-term returns due to ongoing bonuses.

Consider the tax efficiency of keeping the maturity amount invested.

Alternative Investment Avenues
Evaluate reinvestment in mutual funds for potentially higher returns.

Active funds with a Certified Financial Planner's guidance can outperform.

Regular funds through an advisor ensure tailored advice and discipline.

Insurance Versus Investment
Dual-purpose policies often underperform as pure investments.

Standalone insurance offers better coverage at a lower premium.

Mutual funds provide transparency, liquidity, and targeted growth.

Tax Implications
The maturity payout is tax-free if premiums are below 10% of the sum assured.

Keeping the policy active beyond 2025 avoids tax on continued bonuses.

Evaluate the tax efficiency against returns from other instruments.

Recommendations
For Policyholders Like You
Continue with the policy until 2025 for the full maturity benefit.

Post-2025, decide based on returns and financial needs.

Consult a Certified Financial Planner for optimizing maturity usage.

If Considering Policy Surrender
Reinvest surrendered funds in diversified mutual funds.

Seek active management for consistent, tax-efficient growth.

Final Insights
Your policy secures lifelong coverage and a guaranteed payout in 2025.

Retaining the policy beyond 2025 can maximize accumulated benefits.

Reinvesting in well-managed mutual funds may deliver superior growth.

Ensure alignment with your long-term financial goals and family security.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Dear sir ,

you need to approach your lic agent or nearest lic office to get exact details like policy copy and no

please consult qpfp/financial planner for complete planning

Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
www.alenova.in

Ans: I appreciate your patience in holding this policy for many years.
Many people continue such policies without clarity.
You are doing the right thing by seeking understanding now.
This shows maturity and financial awareness.

» Basic Understanding of Your Policy
– You started the policy in June 2011.
– Policy term is 15 years.
– Maturity is due in June 2026.
– Entry age was 51 years.
– Yearly premium is Rs 24,260.
– Life cover is only Rs 50,000.

This policy is insurance plus savings combined.
Such policies focus more on forced savings.
Protection element is very small.

» Total Premium Paid Over Policy Term
– You pay premium for full 15 years.
– Yearly premium remains constant.
– Premium payment ends before maturity.

By maturity, total premium paid will be substantial.
This is important for comparison.

» How Maturity Value Is Decided
– This policy does not give bonus like others.
– It works on a maturity value factor system.
– Maturity value depends on age and term.
– Loyalty additions may be added at maturity.

Returns are pre-declared, not market linked.

» Expected Maturity Value Range
– For your age and premium, returns are modest.
– Such policies generally give low annual growth.
– Growth is closer to traditional savings products.

Based on past experience with similar cases:
– Maturity value is usually between Rs 4.5 lakh to Rs 5.2 lakh.

This is an approximate range.
Exact figure depends on final loyalty addition.

» Why Maturity Value Feels Low
– Large part of premium goes toward costs.
– Mortality charges are high due to entry age.
– Returns are not linked to equity growth.

These factors reduce wealth creation potential.

» Life Cover Assessment
– Life cover is only Rs 50,000.
– This amount is too small today.
– It does not protect family needs.

Insurance objective is not fulfilled properly.

» Investment Assessment
– Policy forces discipline, not growth.
– Returns do not beat long-term inflation.
– Purchasing power reduces over time.

This impacts real wealth.

» Liquidity Aspect
– Money is locked for long term.
– Exit before maturity causes loss.
– Flexibility is limited.

This restricts financial freedom.

» Risk Versus Reward Balance
– Risk is low.
– Reward is also low.
– Long holding period gives limited benefit.

Such balance does not suit wealth creation.

» Tax Aspect at Maturity
– Maturity proceeds are usually tax free.
– This is a positive aspect.
– But tax benefit alone is not enough.

Net outcome still remains weak.

» Emotional Attachment Factor
– Long association builds emotional comfort.
– Familiarity creates false security.
– Numbers should guide decisions.

Money decisions must be practical.

» Opportunity Cost Over 15 Years
– Same premium invested differently grows better.
– Time value of money is lost here.
– Compounding opportunity is underused.

This is the hidden cost.

» Should You Continue Till Maturity
– You are very close to maturity now.
– Only limited premiums remain.
– Exit now may reduce value.

From pure practicality, holding till maturity makes sense.

» What To Do After Maturity
– Do not reinvest maturity money here again.
– Do not buy similar policies.
– Separate insurance and investment clearly.

This improves clarity and control.

» Insurance Requirement Going Forward
– Insurance should be pure protection.
– Cover amount should be meaningful.
– Premium should be affordable.

This protects family properly.

» Investment Requirement Going Forward
– Investments should focus on growth.
– Long-term horizon suits market-linked options.
– Discipline should be maintained separately.

This builds real wealth.

» Why Such Policies Are Not Ideal
– They mix two different objectives.
– They dilute both protection and growth.
– Transparency is low.

Clarity always wins financially.

» Should You Surrender Similar Policies
– Yes, for long-term underperforming policies.
– Especially investment-cum-insurance types.
– Evaluate surrender versus paid-up carefully.

Each policy needs separate review.

» If You Hold Any Other LIC Policies
– Check premium versus life cover ratio.
– Review maturity value realistically.
– Assess opportunity cost honestly.

Do not assume all LIC policies are safe wealth tools.

» Behavioural Lesson From This Policy
– Forced savings feels comfortable.
– Comfort does not equal efficiency.
– Awareness changes future outcomes.

This lesson is valuable.

» 360 Degree View of Your Policy
– Protection is inadequate.
– Returns are low.
– Liquidity is poor.
– Tax benefit is limited advantage.

Overall outcome is average at best.

» Positive Side You Should Acknowledge
– You maintained long-term discipline.
– You honoured commitments regularly.
– You avoided policy lapsation.

This discipline is powerful.

» How To Use This Discipline Better
– Channel it into transparent investments.
– Keep insurance purely for protection.
– Review annually with clarity.

Discipline plus right structure creates wealth.

» Finally
– Expected maturity value is around Rs 4.5 to 5.2 lakh.
– Exact amount will be known near June 2026.
– Holding till maturity is sensible now.
– Avoid repeating similar products later.

You are in a position to improve future outcomes.
This awareness itself is progress.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment