Thursday, January 17, 2013

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

11 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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