LIC Jeevan Anand is a combination of endowment plan as well as a whole life plan. This Jeevan Anand policy provides a bonus facility also. It is kind of a double benefit plan which provides numerous advantages to the customers if the customer survives till the maturity date as well as after the death as the nominee will get the advantage of the policy. That is why it is known as a double benefit plan. In this plan, the policyholder gets the whole amount on the maturity of the plan. One of the best features of this policy is that in case the policyholder dies, the nominee gets the assured amount at the time of the death. This is one of the most popular insurance plans provided by life insurance Corporation of India. LIC Jeevan Anand becomes eligible for paid-up value if the premium for the first 3 years has been completely paid and the policyholder chooses not to pay the further premium. Paid-up value is the sum of paid-up sum assured plus accumulated bonus for years which premiums have been paid successfully. The paid-up sum assured is the sum assured factored by a ratio of several premiums paid to the total number of premiums to be paid.
Features of LIC Jeevan Anand
- It is a combination of endowment plan and whole life plan
- It provides an option of paying a regular premium to the insured person
- On survival, the policyholder gets the benefit of on the maturity of the policy and plan continues
- In case of death of the policyholder, the assured sum is being paid to the nominee
- This policy also provides several other riders which can be availed by paying a nominal premium amount
- Simple reversionary bonus, death benefit, maturity benefit, etc. are some other benefits of this policy
What is Jeevan Anand calculator?
LIC Jeevan Anand calculator is an online calculator that helps the customer to understand all the policies simply and effectively. The customers can get all the details on this calculator including what they are paying, insurance coverage pattern, maturity benefits, death benefits etc.
How to use Jeevan Anand calculator
LIC Jeevan Anand calculator helps the customers to calculate some premiums which can be calculated based on the sum assured by entering some details such as name, age, the sum assured date of birth, policy term etc. LIC Jeevan Anand calculator can provide the customer with the details of the premium of maturity benefits and death benefits along with with the whole life benefits and some additional bonus if any. Customers can provide some details to calculate their premium in LIC Jeevan Anand calculator. Additionally, it can also help them to calculate death benefits, bonus, premium with tax and without tax etc.
LIC Jeevan Anand calculator plan parameters
As the customers can easily calculate all the premium amount and other benefits and bonus from LIC Jeevan Anand calculator, it requires some details to be provided by the customer who includes age, email ID, mobile number, the policy period, or policy term. It also requires sum assured to be entered to calculate the premium amount in LIC Jeevan Anand calculator. The details are based on some parameters. Additionally, there are some conditions for LIC Jeevan Anand calculator which is as follows:
must be between 18 to 50 years
minimum is 100,000
it must be in between 15 to 35 years of age
|Premium payment mode||
payment mode can be monthly, quarterly, half-yearly or even yearly
The premium calculator can give you a complete idea about the benefits of the plan also. Enter parameters such as sum, age and premium assured in the calculator and get complete details like insurance coverage, premium payment, income tax benefit etc.
This calculator can give the customer a fair estimate about the surrender value, bonus and loan paid up and projected maturity value which is completely based on the premium amount to be paid. Jeevan Anand calculator depends upon the sum assured and the number of paid premiums and accumulated bonus during the period when the policy was in force. The calculator helps in calculating approximately paid-up value as per your sum assured and paid premiums.
LIC Jeevan Anand calculator gives you a fair estimate of the surrender value, bonus, and loan paid up and projected maturity value based on the total premium paid. It requires correct sum assured, premium, premium paying term, policy term, last premium paid date and personal details as it will be used to calculate and determine the approximate values. The unique LIC Anand calculator will give you a never seen view of how your plans are performing and what their current status is.