## 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 BonusYearly Bonus are the Bonus announced by LIC every year. Below is the last 5 year LIC Bonus declared on LIC Jeevan Anand

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

Thank you very much., clear explanation

ReplyDeletesuperb

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

ReplyDeletePlease 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?

ReplyDeletevery clear

ReplyDeletePlease 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?

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

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

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

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

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

ReplyDeleteHi,

ReplyDeleteI 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.

I have Jeevan Anand policy for Sum Assured of Rs 10lakh and paying yearly premium of Rs 33583. The policy is for 27 years.

ReplyDeleteSo 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

Hi,

ReplyDeleteI 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

FAB is how much calculate in policy?

ReplyDeleteIn simplest way you can calculate as Sum Assured*Bonus/1000*no. of year

ReplyDelete500000*46/1000*25=Bonus Amt.

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

ReplyDeleteI have Jeevan Anand policy for

ReplyDeleteSum Assured of Rs 400000

TERMS:17 years

Please let me know how much i will get on the maturirty

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

DeleteReally helpful blog and very good explanation on maturity value calculation.

ReplyDelete