Thursday, September 4, 2014

How to calculate final Maturity value of LIC Jeevan Anand Policy?




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
LIC Jeevan Anand Bonus Suppose you have taken an LIC Jeevan Anand policy having a Sum Assured of Rs 5,00,000 ( 5 Lakh)
for a period of 25 years. then your final maturity value will be sum of

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

28 comments:

  1. Thank you very much., clear explanation

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  2. Hi..in this by "year of the policy" what do u mean..year in which policy was purchased or the year of maturity.. Please clarify.

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  3. Please clarify, so for the example above I would have paid the premium for every year for the 5lakh insurance for 25 years. Will I get this money in addition to the Sum Assured + Yearly Bonus + FAB?

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  4. Please clarify, so for the example above I would have paid the premium for every year for the 5lakh insurance for 25 years. Will I get this money in addition to the Sum Assured + Yearly Bonus + FAB?

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  5. Pls clarify how much amount could I get after paying 1460/ premium per month for 25 yrs. Pls help to claculate & dothe needful

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  6. please clearify how much amount could i get after paying 61697 premium per month for 20 years.

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  7. Pls clarify how much amount could I get after paying 61697premium per month for 20 years.

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  8. You will get the Bonus and final addition bonus only on the maturity not every year.

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  9. You will get 500000+1542425+ bonus it will declared on the maturity.

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  10. Hi,
    I am taking Jeevan Anand for 20 years with 500000 sum assured.
    I have been told a monthly installment of 2440/-
    Please let me know what would be the amount after maturity.

    ReplyDelete
    Replies
    1. you will be get 1300000 after maturaity and than after if you surrender the policy you can get a 500000 again


      thanks,
      vrajesh
      9033009562

      Delete
  11. I have Jeevan Anand policy for Sum Assured of Rs 10lakh and paying yearly premium of Rs 33583. The policy is for 27 years.
    So now what will be my final payout adding FAB and loyalty bonus
    Also, If I surrender my extra extended sum assured of Rs 10lakh which is normally for either 100yr/death at time of real policy maturirty date than what will be the amount I will get at that time.

    Let's see who give the best answer to this one????

    Kindly reply with full detail on ayush.0012@gmail.com

    ReplyDelete
  12. Hi,
    I am taking Jeevan Anand for 18 years with 100000 sum assured.
    I have been told a quaterly installment of 1571/-
    Please let me know what would be the amount after maturity

    ReplyDelete
  13. FAB is how much calculate in policy?

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  14. In simplest way you can calculate as Sum Assured*Bonus/1000*no. of year
    500000*46/1000*25=Bonus Amt.

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  15. what will be the maturity value for sum assued value of 200000 for 20 yrs

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  16. I have Jeevan Anand policy for
    Sum Assured of Rs 400000
    TERMS:17 years
    Please let me know how much i will get on the maturirty

    ReplyDelete
    Replies
    1. Dear you will get on maturity a sum of Rs. 692400/- approx.

      Delete
  17. Really helpful blog and very good explanation on maturity value calculation.

    ReplyDelete
  18. Hi,
    I am taking Jeevan Anand for 20 years with 500000 sum assured.
    I have been told a quarterly installment of 5331/-
    Please let me know what would be the amount after maturity.

    ReplyDelete
  19. HI ,
    I have taken Jeevan Anand for 21 years with 250000 sum assured.
    My premium amount is 3322/- quarterly.
    Please let me know what would be the amount after maturity.

    ReplyDelete
  20. Maturity amount of Jeevan Anand Policy of Rs.10,00,000/- for 20 years.

    ReplyDelete
  21. What will be the maturity value for 13,00,000 sum assured for 20 Yrs ?

    ReplyDelete
  22. Hi,
    I have taken Jeevan Anand for 21 years with 800000 sum assured.
    I have been told a yearly installment of 39932/-
    Please let me know what would be the amount after maturity.
    drop me a mail at ishanbhat.1988@gmail.com

    ReplyDelete
  23. Hi,
    I have taken New Jeevan Anand for 16 years with 250000 sum assured.
    I have to give 10218 /- as half yearly premium.
    Please let me know what would be the amount after maturity under this plan, hoe do it calculate.

    ReplyDelete
    Replies
    1. Your total amount will be 2,50,000 + 200000 + fab

      Delete