Example 2: Suppose Rohan, who is 25 years old, buys a Jeevan Anand policy in the year 2019 for 25 years (Policy Term). His annual premium would be Rs.



LIC New Jeevan Anand Premium Illustrations.

Year of Maturity 2044
Age at Maturity
50 years
Sum Assured Rs. 5 lakhs
Bonus Additions Rs. 8 lakhs (approx)


23 nov. 2020

Similarly, What is the maturity amount of new Jeevan Anand plan 815?

LIC Premium Calculator New Jeevan Anand (Table-815)

Maturity Break-up
Sum Assured (A)
500000
Accumulated Bonus (Approx) (B) 514500
Final Addition Bonus (FAB) (Approx) (C) 75000
Matruity (Approx) (A+B+C) 1089500

Additionally, How can I break my LIC Jeevan Anand? The policy can be surrendered anytime provided two full years‘ premiums have been paid. On surrendering after two policy years, the insurance company will pay a guaranteed surrender value of minimum 30% of all premiums paid after deducting the first year’s premium.

What is policy term in Jeevan Anand?

The LIC New Jeevan Anand plan comes with a policy term of a minimum 15 years and maximum 35 years. A maximum maturity age of 75 years is applicable, according to the insurance major. ( Also Read: LIC Jeevan Shanti Versus LIC Jeevan Akshay-VI: Which One To Choose)

Is Jeevan Anand a good plan?

LIC’s New Jeevan Anand is a good life insurance plan for your family. It offers an attractive combination of savings and protection. The cover provided is available throughout the lifetime of the policy. In addition, this plan comes with a loan facility as well.

What is the benefit of new Jeevan Anand plan 815?

This is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump-sum at the end of the selected policy term in case of his/her survival.

What is the benefit of new Jeevan Anand LIC policy?

LIC New Jeevan Anand is a participating non linked life insurance policy that offers the double benefit of protection and savings. The plan offers financial protection in case of death of the insured and also provides a lumpsum amount in case of survival at the end of the term policy.

What is the bonus rate of LIC Jeevan Anand?

125% of the Basic Sum Assured as per policy terms, 7 X (Annualized premium) Subject to a minimum of 105% of the total premiums payable as on date of death.

Can I surrender Jeevan Anand policy before maturity?

Refer to the below link for more details on LIC Jeevan Anand Policy. This policy can be surrendered at any time. However, if you surrender it before completion of three years, you will not get any sum in return.

Can I surrender Jeevan Anand policy after maturity?

Jeevan Anand (Table No. 149) can also be surrendered at any time after receiving maturity (after completion of premium paying term). The surrender value will depend upon sum assured, policy term and age of the policy holder.

How can I break my LIC policy before maturity?


Documents Required For Policy Surrender

  1. Original policy bond documents.
  2. Request for surrender value payment.
  3. LIC Surrender form- form 5074.
  4. LIC NEFT form.
  5. Bank account details.
  6. Original ID proof like Aadhar card, pan card or driving license.
  7. A cancelled cheque.
  8. Hand-written letter to LIC stating the reason to discontinue.

Is LIC Jeevan Anand a term policy?

LIC’s New Jeevan Anand Plan is a participating Whole Life Endowment Plan with various.



LIC New Jeevan Anand – Product Specification.

Product Name LIC New Jeevan Anand
Entry Age 18/50 Years
Maturity Age Up to 75 Years
Policy Term 15/35 Years
Premium Payment Term Same as Policy Term


10 sept. 2021

What is premium paying term and policy term?

Definition: Premium paying term is the total number of years for the policy holder to pay the premium. … For instance, insurers allow the insured to get the insurance benefits even if they stop the premium payments after a stipulated period of time by converting the normal insurance policy into a paid up policy.

What is the benefit of Jeevan Anand?

Key Features of LIC’s New Jeevan Anand

Type Participating non linked life insurance policy
Maturity benefit Sum assured on death + Vested Reversionary bonus + Final additional bonus
Mode of premium payment Annually, bi annually, quarterly, monthly
Free look period 15 days from the date of receipt of the policy

Which LIC scheme is best?

Best LIC Plans List for 2021

LIC Policies Plan Type Policy Term

LIC Jeevan Umang

Whole

Life Insurance
100 years minus(-) the age at entry
LIC Jeevan Amar Term Assurance Plan 10 years-40 years
LIC Money Back 25 years Money Back Policy 25 years
LIC New Jeevan Anand Endowment Plan 15 years-35 years

How does Jeevan Anand plan 149 work?

Under this LIC Jeevan Anand plan, an individual pays regular premiums for a selected period. Once the premium paying term is complete, the individual receives (maturity benefit) lump sum payment along with the accrued bonus (Simple reversionary+ Final addition).

Is Jeevan Anand maturity amount taxable?

The LIC New Jeevan Anand Plan offers tax exemption on the amount of premium paid under Section 80C and the claim amounts i.e. Death or Maturity Benefit under Section 10(10D) of the Income Tax Act, 1961.

Can we withdraw money from LIC Jeevan Anand?

The policy can be surrendered anytime provided two full years’ premiums have been paid. On surrendering after two policy years, the insurance company will pay a guaranteed surrender value of minimum 30% of all premiums paid after deducting the first year’s premium.

Is New Jeevan Anand a good policy?

This makes Jeevan Anand a perfect blend of an endowment plan and a whole life plan. If you are searching for an endowment plan that provides the advantages of an entire life policy, then LIC Jeevan Anand plan 149 is one of the best choices to go for. The Jeevan Anand(Plan-149) offers a bonus facility.

What is the current bonus rate of LIC?

1000 Sum Assured of the respective plan for that particular year. For example, The bonus rate of New Endowment (Plan – 914) for the 21-year term is Rs. 45 per 1000 Sum Assured.

What is bonus guaranteed addition in LIC Jeevan Anand?

The Jeevan Anand(Plan-149) offers a bonus facility. This is a sort of Double Death Benefit Plan that guarantees developed advantages if the insured person survives till the end of the maturity date. This arrangement involves a high reward rate, normal premium, and even phenomenal liquidity features.

What is LIC bonus rate?

Bonus rates thus declared shall be applicable for Rs. 1000 Sum Assured of the respective plan for that particular year. For example, The bonus rate of New Endowment (Plan – 914) for the 21-year term is Rs. 45 per 1000 Sum Assured.

Will I get bonus if I surrender my LIC policy?

Once you have surrendered your LIC policy, the insurer will provide you with a portion of money known as ‘accumulated bonus‘ along with the premiums that you have paid for that period of time.

How much money will I get if I surrender my LIC policy after 5 years?

If the policyholder has paid his/her premiums regularly for more than 4 years, but less than 5 years, 90% of the total maturity sum assured amount is provided by LIC. The policyholder receives 100% of the maturity sum assured if he/she has diligently paid premiums for more than 5 years.

Is it OK to surrender LIC policy?

Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low.