LIC Jeevan Anand Returns Calculator

What is the LIC Jeevan Anand Returns Calculator?

LIC Jeevan Anand Returns Calculator is an online tool that allows users to calculate the final benefit amount that the beneficiary will receive on the policyholder's death or at the time of maturity. Estimating the returns before buying the policy gives you more clarity on whether it matches your needs or budget.

However, the LIC of India has withdrawn the old LIC Jeevan Anand 815 plan and relaunched its new version as LIC New Jeevan Anand 715. Policyholders of the LIC Jeevan Anand can use this calculator to estimate their plan's benefits, irrespective of the plan version.

Returns from LIC Jeevan Anand Policy

• Death Benefit - Death Benefit - The Death Benefit under LIC Jeevan Anand provides financial security, similar to term insurance. If the policyholder dies during the policy tenure, the benefit amount will be the higher of:

  • 125% of the Basic Sum Assured (SA)

  • 10 times the annual premium

  In case of death after the policy term, the family will receive the assured Basic Sum Assured, ensuring continued financial support irrespective of when the demise occurs.

• Maturity Benefit - If you survive the policy term, you will receive a lump sum amount at the end of it. The amount will be equal to the Basic Sum Assured along with bonuses.

• Bonus Amount - The final death and maturity benefits are payable along with a bonus amount. It comprises Simple Reversionary Bonuses and a Final (Additional) Bonus. These amounts depend on the company’s profits in a year and are, therefore, not fixed.

Using the LIC New Jeevan Anand Premium Calculator, you can calculate the premiums of your LIC New Jeevan Anand policy from the comfort of your home.

How to Use the LIC Jeevan Anand Returns Calculator?

The tool is available on LIC's official channels with its LIC premium and maturity calculators. It requires you to fill in certain details related to yourself and the policy, based on which the returns are calculated.

Factors Considered By the LIC Jeevan Anand Policy Calculator

• Age at the time of entry

• Gender

• Basic sum assured

• Policy term

• Frequency of premium payment

• Annual premium amount

Here are the steps to use the LIC Jeevan Anand Maturity Calculator:

Use LIC Jeevan Anand Maturity Calculator From LIC ‘s official website

Let us look at the below steps to understand the working of LIC Jeevan Anand Returns Calculator:

Step 1: Access the Calculator: Visit the official website of the Life Insurance Corporation of India (LIC). Navigate to the section that provides information about the LIC Jeevan Anand policy. Click on the link to open the calculator.

Step 2: Enter Policy Details: Once you're on the Returns Calculator page, you'll be prompted to enter various policy details. These details may include:

• Policy term: The duration for which you plan to hold the policy.

• Sum assured: The amount of insurance coverage you will receive.

• Premium payment term: The period during which you will pay premiums.

• Premium amount: You will pay the regular premium for the policy.

Step 3: Submit Information: Enter the accurate policy details into the respective fields in the calculator. Ensure that the information you provide is correct to get accurate results.

Step 4: Calculate Returns: After entering the necessary policy details, click on the "Calculate" or "Get Returns" button. The calculator will process the information and estimate the potential returns and benefits you can expect from the LIC Jeevan Anand policy. These estimates typically include the maturity amount, death benefit, and additional benefits the policy provides.

Step 5: Analyze the Results: Review the results displayed by the calculator. You'll likely see the projected maturity amount, which includes the sum assured, bonuses, and other benefits. Additionally, you may see the approximate death benefit payable in case of the policyholder's demise.

How Does LIC Jeevan Anand Return Calculator Work? 

Let's understand the working of LIC Jeevan anand policy calcuator with the help of an example: 

Suppose you purchase a LIC Jeevan Anand policy with a sum assured of ₹10 lakhs and a policy term of 20 years. Based on an estimated bonus rate of ₹45 per ₹1,000 sum assured, your annual premium comes to around ₹57,031.

• Estimated Annual Bonus: ₹45 × (10,00,000 ÷ 1,000) = ₹45,000

• Total Bonus over 20 Years: ₹45,000 × 20 = ₹9,00,000

So, the estimated maturity amount would be:
₹10,00,000 (Sum Assured) + ₹9,00,000 (Bonus) = ₹19,00,000

Note: This is only an estimate based on assumed bonus rates. Actual maturity value may vary depending on LIC's declared bonuses at the time.

Sample LIC Jeevan Anand Return Calculation

The following is an example of how LIC Jeevan Anand calculator uses different factors to display results.

Entry Age - 26 years

Policy Term - 20 years

Premium payment term - 20 years

Basic Sum Assured - Rs. 10 Lakhs

• Annual Premium - Using the LIC Jeevan Anand Policy 20 years Premium and Maturity calculator, the annual premium comes out to be Rs.59,468 payable for 20 years.

• Simple Reversionary Bonus - Assuming the Simple Reversionary Bonus to be Rs.45 per 1000 Sum Assured every year, the total bonus amount in a year will be equal to 45 x (10,00,000/1,000) = Rs.45,000. In 20 years, it will be equal to Rs.9,00,000.

• Final Addition Bonus - Assuming the Final Addition Bonus to be Rs.20 per 1000 Sum Assured, the total bonus amount will be equal to 20 x (10,00,000/1,000) = Rs.20,000.

Note: Look for other investment options like Systematic Investment Plans (SIPs) for steady growth. Use SIP Calculator to estimate potential returns and make a well-informed choice.

Benefits of LIC Jeevan Anand Premium Calculator:

Here are 5 main benefits of using LIC Jeevan anand calculator: 

• Quick Premium Estimation—Instantly calculates the premium amount based on your age, sum assured, and policy term.

• Maturity Value Projection – Gives an idea of the total amount you may receive at the end of the policy, including estimated bonuses.

• Easy to Use – Simple and user-friendly tool that requires only a few basic inputs.

• Better Financial Planning: This service assists in choosing the right policy term and coverage based on your budget and financial goals.

• Comparison Made Easy – You can compare different premium and benefit options before buying the policy.

Summing It Up

The LIC Jeevan Anand calculator helps the policyholder estimate the returns and premium amount payable by the policyholder for their LIC Jeevan Anand Policy. Moreover, you can switch between risk categories multiple times to get to your best coverage options.

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