What is the maturity amount for new Jeevan Anand plan 815?

What is the maturity amount for new Jeevan Anand plan 815?

What is the maturity amount for new Jeevan Anand plan 815?

In case of death during policy term (Before 25 years), 125% of Sum Assured + Bonus acrued till the time of death + Final Additional Bonus (if any) will be paid to nominee as Normal death claim….New Jeevan Anand Plan (815) Maturity Calculator.

Age at Maturity 55
Sum Assured (A) 1000000
Bonus (Approx) (B) 1600000
Total Maturity (A+B) 2600000

What is the benefit of new Jeevan Anand plan 815?

New Jeevan Anand (Table No: 815) is one of the most sold endowment plans of LIC, which provides Risk Cover even after maturity for lifetime. Accidental Death and Disability Benefit Rider makes this plan more beneficial as it provides additional amount equal to basic sum assured in case of death.

How is maturity amount calculated in LIC Jeevan Anand?

Maturity benefit would be equal to the Sum Assured + Bonus Amounts which have been received throughout the policy term + any Final Addition Bonus if declared. Now whenever the death of the policyholder happens (even after the policy term), the nominee will additionally get the Sum Assured amount as the Death Benefit.

Is Jeevan Anand 815 a good policy?

This is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump-sum at the end of the selected policy term in case of his/her survival.

How do I know my policy maturity amount?

The maturity amount is calculated by adding the sum assured, which is decided upon by the customer and the company at the time of purchasing the plan, the bonus amounts or profits received throughout the plan’s tenure, and additional bonuses if mentioned by the Corporation.

How is policy maturity amount calculated?

The basic format is Sum Assured + Bonuses + Final Additional Bonus (if declared). An example for calculation demonstration: Mr Z buys a policy of Sum Assured 15 Lakh with a term of 20 years. The insurance company includes Bonuses and Final Additional Bonus in the maturity value as per their company policy.

What is date of maturity in Jeevan Anand?

LIC Jeevan Anand is an endowment plan offering bonuses on maturity. A whole-life plan wherein the risk of death is covered till the insured is aged 99. Flexible term of the policy allows planning for specific life-goals. An additional benefit is provided on accidental death of the insured, till the age of 70 years.

Can I close LIC Jeevan Anand policy?

The policy can be surrendered anytime provided two full years’ premiums have been paid. On surrendering after two policy years, the insurance company will pay a guaranteed surrender value of minimum 30% of all premiums paid after deducting the first year’s premium.