Tuesday, December 9, 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

43 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
  24. Hi
    I have taken New Jeevan Anand for 20 years with 200000 sum assured.
    I have to give 11702 /- as yearly premium.
    Please let me know what would be the amount after maturity under this plan,

    ReplyDelete
  25. I have just taken a jeevan anand policy , premium is 166300 yearly for 20 yrs , what will be the maturity benefit

    ReplyDelete
  26. Hi
    I have taken New Jeevan Anand for 30 years with 150000 sum assured.
    I have to give 47000 /- as yearly premium.
    Please let me know what would be the amount after maturity under this plan, along with the FAB calculation details

    ReplyDelete
  27. I have taken New Jeevan Anand for 30 years with 150000 sum assured.
    Please let me know what would be the amount after maturity under this plan, along with the FAB calculation details

    ReplyDelete
  28. Hi
    I have taken New Jeevan Anand on 06-nov-2014 for 35 years with 150000 sum assured.
    age - 24/09/2987

    Please let me know what would be the amount after maturity under this plan, along with the FAB calculation details

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
    2. This comment has been removed by the author.

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  29. Taken New jeevan anand 815 for 35 years with 15 lakh sum assured.
    Age - 27
    what would like to know the maturity under this plan including all bonus and FAB

    ReplyDelete
  30. Taken Jeevan Anand (with profit & accident benefit) 149 for 22 years 500000 sum assured.
    what would be the maturity amount?

    ReplyDelete
  31. Hello,

    I have been paying 39,299 per Annum premium for 17 years with Sum Assured Rs 6,00,000/-,

    Can you please let me know, how much i could get after 17 years(Muturity) time pls ?

    ReplyDelete
  32. Hi,

    i have taken Jeevan Anand policy and paying 7076/ yearly premium for 16 Years.

    Please let me know how much i will get at the time of maturity after 16 years?

    ReplyDelete
  33. Hi,

    i have taken Jeevan Anand policy of 1000000 for 16 Years. Its going to be end by next year, i dont want Lifetime risk cover, how to cancel it?, if possible to cancel can i get any additional amount in maturity.

    ReplyDelete
  34. respected sir, i have take Jeevand Anand for 15yrs. with 36000 per annum perimium. what would be my maturity Total Amt. SA+YB+FAB=? pl. guide

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  35. Hello Sir, I have taken Jeevan Anand policy for 15 years and with annualy premium of 21249 so please let me know how much total amount i will be getting on the maturity of the policy.

    ReplyDelete
  36. Hi Gentlemans..Please let me know the maturity amount including all bonus and FAB
    sum assured-10,00,000
    Plan 149(Jeevan Anand)
    Policy Term 70
    Premium Paying Term-16years
    Premium 70,763 yearly

    ReplyDelete