When it comes to securing your financial future while ensuring lifelong protection for your family, the LIC New Jeevan Anand Plan stands out as a dependable choice. To simplify understanding of this plan, the LIC Jeevan Anand Plan Calculator plays a vital role. This calculator helps policyholders and prospective buyers estimate premiums, maturity amounts, and returns easily and accurately.
LIC New Jeevan Anand (Plan 715) Calculator
Estimate premium and potential benefits for LIC's New Jeevan Anand Plan 715.
Endowment Plans Calculator
LIC New Jeevan Anand Plan
LIC’s New Jeevan Anand Plan (Plan No. 715, UIN: 512N279V03) is a Participating, Non-Linked, Individual Life Assurance plan. It provides a unique combination of lifelong insurance protection and a guaranteed lump sum amount at the end of the policy term.
Unlike market-linked plans, it offers stability through profit participation, which allows the policyholder to earn bonuses declared by LIC. The plan is ideal for those looking for both savings and security.
LIC Jeevan Anand Features
Some of the key lic jeevan anand features that make this plan attractive include:
- Dual benefit of life cover and savings.
- Lump sum maturity benefit.
- Life cover continues even after the policy matures.
- Participation in LIC’s profit through bonuses.
- Availability of optional riders.
- Loan facility for liquidity needs.
- Flexible premium payment modes.
LIC New Jeevan Anand Plan : Eligibility Criteria
To avail of this plan, policyholders must meet the following Eligibility Criteria:
| Criteria | Details |
|---|---|
| Minimum Entry Age | 18 years (completed) |
| Maximum Entry Age | 50 years (nearest birthday) |
| Maximum Maturity Age | 75 years (nearest birthday) |
| Policy Term | 15 to 35 years |
| Minimum Sum Assured | ₹2,00,000 |
| Maximum Sum Assured | No Limit |
| Premium Payment Term | Equal to policy term |
| Premium Modes | Yearly, Half-Yearly, Quarterly, Monthly (NACH) |
LIC New Jeevan Anand Plan: Benefits
The lic jeevan anand benefits are structured to provide security and returns at various stages.
Maturity Benefit
If the policyholder survives till the end of the policy term, they receive:
- Basic Sum Assured (equal to Sum Assured on Maturity)
- Vested Simple Reversionary Bonuses
- Final Additional Bonus (if any)
The lic jeevan anand maturity benefits can be received as a lump sum or in instalments.
Death Benefit
In case of unfortunate death:
- During policy term: Higher of 125% of Basic Sum Assured or 7 times annual premium + Bonuses.
- After policy term: Basic Sum Assured is payable.
This makes lic jeevan anand life cover truly lifelong, even beyond policy maturity.
Understanding LIC Jeevan Anand Plan Calculator
The lic jeevan anand plan calculator is a simple online tool that helps you estimate the total cost and potential returns based on your inputs. It considers:
- Age
- Sum Assured
- Policy Term
- Premium Frequency
- Riders (if any)
Using the lic jeevan anand premium calculator, you can know your premium obligations before purchasing the plan.
LIC Jeevan Anand Maturity Calculator
The lic jeevan anand maturity calculator estimates the total maturity amount including:
- Sum Assured on Maturity
- Estimated Reversionary Bonuses
- Final Additional Bonus
This helps in setting realistic expectations and planning your long-term financial goals.
LIC Jeevan Anand Returns Calculator
The lic jeevan anand returns calculator gives you an approximate idea of your returns by considering both guaranteed and non-guaranteed benefits. It is especially useful when comparing this plan to other investment options.
LIC Jeevan Anand Surrender Value Calculator
If a policyholder decides to exit the policy early, the lic jeevan anand surrender value calculator helps in estimating the value they will receive.
- Guaranteed Surrender Value (GSV) is available after 2 years of premium payment.
- Special Surrender Value (SSV) is available after one year.
The surrender value is the higher of GSV or SSV, including vested bonuses.
Riders Benefits with LIC New Jeevan Anand
To enhance protection, policyholders can opt for additional Riders Benefits by paying extra premiums:
- Accidental Death and Disability Benefit Rider: Additional sum assured in case of accidental death or disability.
- Accident Benefit Rider: Lump sum in case of accidental death.
- New Term Assurance Rider: Additional amount on death during the term.
Only two riders can be selected, and their combined premium must not exceed 30% of the base premium.
LIC New Jeevan Anand Life Cover Explained
One of the standout features of this plan is the lic jeevan anand life cover that continues even after the maturity payout. This ensures your family gets financial support even after your retirement or planned savings period.
Premium Payment and Grace Period
Premiums can be paid yearly, half-yearly, quarterly, or monthly (via NACH). If a premium is missed, a grace period is provided:
- 30 days for all modes except monthly.
- 15 days for monthly (NACH).
During this period, the policy remains active with full benefits.
Revival of Policy
A lapsed policy can be revived within 5 years from the first unpaid premium date by paying all dues along with interest. LIC assesses health conditions before approving revival.
LIC Jeevan Anand Good or Bad?
Is lic jeevan anand good or bad? It depends on your priorities. Consider the following:
Advantages:
- Lifelong coverage even after maturity.
- Tax-free maturity under Section 10(10D).
- Guaranteed returns with bonus potential.
- Suitable for conservative investors.
- Dual benefit of insurance and savings.
Points to Consider:
- Returns may be lower than equity-linked products.
- Bonuses are not guaranteed.
- Requires long-term commitment for optimal benefit.
If you seek stability, lifelong coverage, and moderate returns, LIC New Jeevan Anand is a good option.
Final Words
The LIC Jeevan Anand Plan Calculator, along with the premium, maturity, and return estimators, helps you understand the policy’s full scope before investing. With built-in life cover, guaranteed maturity benefits, and optional rider features, this plan offers a balanced mix of security and savings. Whether you’re planning for retirement or future family needs, it can be a valuable addition to your financial portfolio.
If you want help integrating the LIC Jeevan Anand Calculator on your website or need custom financial tools, I can assist with that too.