LIC New Jeevan Anand Premium Calculator Excel Download | Maturity Returns
LIC New Jeevan Anand Premium Calculator Excel provides easy way to calculate maturity amount and illustrate Age-wise and Year-wise risk cover amounts. It uses year-wise bonus rate for years for which the bonus has been declared and latest bonus rate for years which bonus will be declared in future. The LIC premium calculator provides associated benefits calculation on past and expected data. Please provide following details to calculate benefits of your plan.
LIC Jeevan Anand Table 815 Premium Calculators is one of the most sold endowment plans of LIC, which provides Risk Cover even after maturity for life time. Accidental Death, Disability Benefit Rider can makes this plan more beneficial as it provides additional amount equal to basic sum assured in case of death.
You can also download and check the LIC Jeevan Anand premium calculator excel format at website free of cost.How LIC New Jeevan Anand Plan works
The policyholder can choose the Sum Assured and the Term of the plan when buying the policy. Based on age of the insured, sum assured and the policy term selected, the premium is determined. The policyholder need to pay premiums for the entire duration of the policy term.
If the insured survives till the end of the policy term, all premiums have been paid; a Maturity Benefit would be paid to the policyholder. 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 based on the LIC Jeevan Anand 149 premium calculator. Now whenever the death of the policyholder happens, the nominee will additionally get the Sum Assured amount as the Death Benefit.
However, if the policy holder dies during the policy term, then Death Benefit would be payable to the nominee which would be as follows based on the LIC premium calculator : the Sum Assured on Death + Vested Bonus till date of death + Final Addition Bonus.
The Sum Assured on Death will be as follows: Higher of 125% of the Basic Sum Assured or 10 times the annual premiums paid subject to a minimum of 105% of total premiums paid till death.LIC New Jeevan Anand Policy Benefits
Maturity Benefit –On maturity the Basic Sum Assured + accrued bonuses + any Final Bonus is paid to the policyholder at the end of policy time.
Death Benefit –The death benefit depends on the time period when death occurs. If death of policy holder occurs during this plan tenure, the Sum Assured on Death + vested bonuses + any Final Bonus is paid to the nominee.
If death occurs after the time completion of the plan term, the Basic Sum Assured is paid in addition to the Maturity Benefit already paid.
The Sum Assured on Death is higher of the following:
125% of the Basic Sum Assured
10 times the annual premium
Subject to a minimum of 105% of the total premiums paid till death.
Bonus- Depending on the performance of the company, simple reversionary bonuses are declared under this plan. An eventual Bonus might also be paid with the maturity or death benefit. More details are available in LIC Jeevan Anand premium calculator PDF format.LIC New Jeevan Anand Maturity Calculator
You can use this to get equally accurate estimate of the Maturity Value of LIC New Jeevan Anand plan of yours. The LIC New Jeevan Anand Returns amount is totally tax free.