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LIC New Jeevan Anand Plan (915) Maturity Calculator

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Related Link: LIC Jeevan Labh Plan (936) Maturity Calculator [Modified Plan]

About New Jeevan Anand Plan (915) Maturity Calculator

Maturity Calculator for New Jeevan Anand plan (915) is a simple yet effective tool to help you know more about the plan without much hassle. It helps you calculate premium, year wise life cover and maturity as per your specified details. This plan is available to anyone between 18 and 50 years of age and the policy term can be anywhere between 15 and 35 years (depending on your choice).

Maturity: Once the policy term is complete and all due premium has been paid; the policy will provide maturity equal to Basic Sum Assured + Simple Revisionary Bonus (Bonus) added during policy term including Final Additional bonus.

Post Maturity Life cover: After the completion of policy term, payment of premium stops and the maturity amount is paid to the policyholder. Life cover equal to Basic Sum Assured continues for the rest of the life of policyholder i.e. the policy pays Death Claim equal to Basic Sum Assured to the nominee in case of death of the Policyholder (other than the maturity amount).

Death Benefit (Life Cover): ): In case of death of the policyholder during the policy term, death claim would be available to the nominee. The amount for death claim will be Death Sum Assured +Simple Revisionary Bonus(Bonus) added till the time of death+ Final Additional Bonus(if any). Keep in mind that Death Sum Assured is higher from Basic Sum Assured or around 7 times of annualized premium.

Accidental Death & Disability Benefit (AD & DB) Rider: One can pay additional premium and opt for AD& DB Rider if they are 18(or above) years of age. It would provide additional death claim amount in case of accidental death. For cases where accident causes permanent disability, all further premiums of the rider and base plan would be waived off; and the sum assured amount will be paid in monthly installments over the next 10 years.

Term Rider: In case the policy holder’s age is 18 or above, he can choose Term Assurance Rider after paying additional premium. It provides additional Death Claim amount equal to Term Rider Sum Assured to Nominee if the policyholder dies during the policy term. Keep in mind that if the policyholder completes (survives through) the policy term, he won’t get any maturity value because of this rider.

Comments & Reviews (22)

Wrote :

13-02-2022 14:43:04

Who is beneficiary in case of Nominee is not registered or not alive. Kids of policyholder?

Wrote :

13-02-2022 17:56:27

Legal heirs of the policyholder will receive benefits of the policy.

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Wrote :

12-01-2022 13:55:04

Why are we paying more than sum assured in whole premium term. For example, sum assured is 1500000 for 21 years but according to this calculator table we are paying Rs. 1649455. why are we paying more than sum assured?

Wrote :

13-01-2022 11:10:29

Hi, please follow link given below and in case of any further query, please let us know.

https://www.insurance21.in/faq/premium-paid-vs-sum-assured-in-lic-plans.html

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Wrote :

10-01-2021 10:14:05

The maturity Amount differs alot what we see here and on the LIC application. rnI was looking for an insurance for 28years at the age of 23 for the sum assured of 15lakhs. The maturity Amount here is near to 47lakhs and maturity amount on the LIC application is close to 31lakhs.rnrnCan you please explain this?

Wrote :

10-01-2021 20:53:22

The above calculator is based on the recent bonus rate. If you calculate bonus @48 per thousand of sum assured then the calculation will be 1500000x28x48/1000=2016000. Apart from this, the policy will be eligible for the final additional bonus, final additional bonus for the old version of jeevan anand (149) is 790 per thousand of sum assured (28 years) and the calculation will be 1500000x790/1000=1185000. If you add Sum assured + Bonus + FAB, it should come 4700000. Please note above calculator is not the official calculator of lic.

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Wrote :

18-12-2020 21:05:20

very nicely explained.

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Wrote :

20-11-2020 23:17:55

Hi. Is the maturity calculator for this policy showing correct values? I was cross-checking it with the illustration on LIC website. The values are varying widely. It would be helpful to understand the bonus calculations if any break-up is shown.rnThanks & Regards.

Wrote :

21-11-2020 12:28:49

The calculator is based on past bonus rate and final maturity amount may vary. For break-up, please use maturity calculator for plan number 815. Link is provided below. Jeevan Anand 815 maturity calculator

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Wrote :

11-11-2020 18:28:51

Hi, I had a very simple query wrt the New Jeevan Anand Policy after its maturity: - After the maturity has been taken at the end of premium paying term, can the policyholder also request LIC to discontinue the lifelong SA Cover and ask for a consolidated payout instead?

Wrote :

12-11-2020 12:28:24

Yes, a policyholder can request to surrender post maturity life cover and % of sum assured will be available as surrender value which depends upon age at the time of surrender.

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Wrote :

22-09-2020 17:05:45

Very well explained.. just one query.. after Maturity if policy holder completes 100 years of age.. then will policy holder get any amount ??
I heard Term Second Maturity.. when I purchased my first JEEVAN ANAD PLAN in the year 2000. Is it applicable to NEW JEEVAN ANAD also??

Wrote :

23-09-2020 22:09:19

In New Jeevan anand (815 and 915), there is no second maturity benefit like old Jeevan Anand (149). In new Jeevan Anand, nominee will get basic sum assured as death claim in case of death at anytime after maturity. In new jeevan anand, there is no maturity after completion of 100 years of age.

Wrote :

24-09-2020 07:35:11

Thanks for Answering...

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Wrote :

15-09-2020 17:37:50

VERY USEFUL N EASY TO UNDERSTAND.

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Wrote :

15-09-2020 16:28:20

Term Rider when Lic paid to nominee only accident death or normal death of the policy holder?

Wrote :

16-09-2020 20:39:50

Term rider provides term rider sum assured amount as additional death claim in both types of death. It is like term insurance.

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Wrote :

31-08-2020 05:26:59

Very good illustration, easy to think for this plan.

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Wrote :

30-08-2020 16:11:31

What is the difference between Jeevan Anand and Jeevan Labh?

Wrote :

30-08-2020 19:14:11

Difference between Jeevan Anand and Jeevan Labh

  1. Jeevan Labh is limited premium payment plan in which premium is paid for less number of years than maturity years. For example, in jeevan labh plan, one pays premium for 10 years (Premium Paying Term) and wait for 6 years, then maturity happens after completion of 16 years (Policy Term). Whereas in case of jeevan anand, for 16 years policy, premium needs to be paid for 16 years. It means policy term and premium paying term are same in case of Jeevan Anand plan.
  2. After completion of policy term, there is a life time risk cover equal to basic sum assured in case of Jeevan anand, while there in no such benefit in case of Jeevan Labh.

These are main differences between these two plan.

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Wrote :

23-08-2020 20:42:55

NEW JEEVAN ANAND PLAN (915) in this plan, can i get housing loan, if its possible how much amount eligible for as of my maturity policy plan ,please suggest me.

Wrote :

30-08-2020 19:56:44

Jeevan Anand has option to take loan after successful completion of 2 years. It is policy loan you can take.

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Wrote :

11-07-2020 08:05:44

After maturity of the policy, what is the proof for Basic sum assured in New Jeevan Anand 815 up to 100 years?

Wrote :

11-07-2020 13:30:10

It is mentioned on policy document, you may check it yourself on blank policy document of New Jeevan Anand (915), which is available on LIC official website. Refer to Part-C in the blank policy document where it is written.
"On death after expiry of the Policy Term i.e. from the stipulated Date of Maturity: Death benefit shall be Basic Sum Assured."
Blank Jeevan Anand Policy Document

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Wrote :

01-07-2020 07:52:05

Can I pay Lapsed LIC premium by online when my agent are no more.

Wrote :

01-07-2020 13:40:10

It will depend upon, since how long the policy is lapsed. You can revive your lapsed policy online. Revival will not have any affect whether agent is there or not. Though agent can assist in revival, but agent's presence is not necessary.

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Wrote :

21-06-2020 10:36:54

This is regarding LIC new Jeevan Anand policy. I have been paying around 200000 per annum premium.basic sum assured is 25 Lakh and accident benefit is 25 Lakh. What will be my maturity value at the end of 15 year plan?

Wrote :

23-06-2020 17:13:00

Please use above calculator it illustrate all associated benefit of this plan.

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Wrote :

20-06-2020 14:22:46

Term rider option is not working. could not be selected?

Wrote :

23-06-2020 17:08:53

Sir it will be enabled soon.

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Wrote :

27-05-2020 00:14:24

Is there any discount in online purchase? Which is better for long term 915 table. Online or offline?

Wrote :

27-05-2020 10:22:32

Jeevan Anand (915) is not available online.

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Wrote :

12-04-2020 22:41:10

I find the easiest way for understanding LIC policy ever. Thanks

Wrote :

12-04-2020 22:42:34

Thanks for your appreciation.

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Wrote :

01-04-2020 11:32:51

Any LIC policy which gives money if a person is disabled after purchase of the policy?

Wrote :

01-04-2020 11:53:44

It can be obtained by adding Accidental Death and Disability benefit rider with plans like New Endowment, jeevan anand or jeevan labh. Please read about this rider here.

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Wrote :

01-04-2020 11:24:05

Very well plan details explained.

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Wrote :

01-04-2020 09:51:32

Open new insurance scheme, which is best policy plan?

Wrote :

01-04-2020 11:42:15

You may consider one or more from New Endowment Plan(914), New Jeevan Anand Plan(915), Jeevan Labh Plan (936).

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Wrote :

01-04-2020 07:38:35

Very good, Easy to understand.

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