I purchased the plan this year (2016). I am paying the premium of 89000 P.A (Approximately inclusive of tax), the policy period of 12 years and my age is 25 years old. What will be the return amount after completion of 12 years (maturity period)?
The maturity amount can't be predicted in endowment plan. Every year LIC will announce bonus. In the past few years it is in the range of 4-6%.
Assuming 4%, every year, for 12 years, 48% of sum assured. So if the sum assured is 1,00,000/- you will get 1,48,000/- after 12 years.