My LIC policies and its maturity earnings in Oct 24 now. I took the policies in 1999 when I was in TOI
10327 pa for 25 years earned me 8883 per month lifetime
11013 pa for 25 years= 275325 becomes just 366,000 (120,000 paid already @ 30k every 5 years)
4540 pa for 25 years= 113,500 just becomes 181,000
Just see how unattractive they are in today's salaries.
Nowadays I am telling everyone to take term (1-2 cr) pension (start small even if it is SIP) and medical ( atleast 5+25) without fail and not to go for traditional plan
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