How to calculate final Maturity value of LIC Jeevan Anand Policy?In LIC Jeevan Anand policy Final Maturity Value is Sum Assured+ Yearly Bonus+Final Additional Bonus
Yearly Bonus are the Bonus announced by LIC every year. Below is the last 5 year LIC Bonus declared on LIC Jeevan Anand
Yearly Bonus : Avg rate of 46 per 1000 Sum Assured ( Based on Last 5 years) will generate a bonus of Rs 23,000 per year. For a period of 25 years this value will be 23,000*25= Rs 5,75,000
Final Additional Bonus: Final Additional Bonus is payable on maturity, discounted claim or in case of death claim provided policy is in full force and premiums have been paid/ recovered for 15 years or more.
LIC Jeevan Anand Maturity Value will be Rs 5,00,000 (S.A) + Rs 5,75,000(Yearly Bonus) + FAB of the year of the policy