LIC violate reversionery bonus at jeevan Amrit plan 186

[Raja Saha]

My Freind had taken a Jeevan Amrit policy for 11 yrs, premium paying term 5 yrs, SA 105000/= ,DOC 28/5/2007. FUP UPDATED. AS per circular LIC declared Rs.32 reversionery bonus(term 11 to 15yrs).so bonus calculation will be 105×32×11 =RS.36960/=. But mechine show only Rs.6960/= bonus.

Now we observe that LIC bonus and Loyalty are in same meaning in present crisis.

The mechine software is totally corapted.

If this is wrong then all maturity payment that had been already done must be wrong calculation. 

[Karur.VN.Mohan]

Sorry Rajasaha,
As per LIC Circular Bonus calculation only for the Amount of Premium Paid.
Maturity Amount is;
Total Premiums Paid +Bonus Rs.32 per 1000 of Premium+FAB
With Kind Regards
Karur.VN.Mohan

[Raja Saha]

How you calculate bonus per year on per 1000 PREMIUM at jeevan Amrit plan.

Pls try to calculate P/T/PPT-186/11/05.

Where SA-105000/=,1st yr prm 12000/=, next yrs prm 4000/=(PPT-5 yrs).

Here remember bonus declared 6960/=.

Also remembered in case of plan no.95 (vabishya jeevan, special endowment plan, in that case LIC declared reversionery bonus on SA not on PREMIUM )

 The present calculation should be understand by every LIC person. 

We know that reversionery bonus meaning alway on SA not on PREMIUM. 

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[Karur.VN.Mohan]

I am correct Rajasaha, Please refer the Circular.
Regards
Karur.VN.Mohan

[Karur.VN.Mohan]

Dear Rajasaha,
I am attaching "Jeevan Amrit" plan Circular for your Reference.
With Kind Regards,
Karur VN Mohan