LIC New Jeevan Anand Plan Calculator
LIC New Jeevan Anand Plan 815 Maturity Calculator: Your Ultimate Guide to Returns!
Hey there! Planning to invest in the LIC New Jeevan Anand Plan 815 but unsure about the returns? Curious about how much you’ll get at maturity or what your premiums might look like? You’re in the right place! Today, we’re diving deep into the LIC New Jeevan Anand 815 Maturity Calculator,
breaking down its benefits, and showing you how to estimate your maturity amount effortlessly. Whether you’re searching for a LIC New Jeevan Anand 815 Premium and Maturity Calculator or just want a quick way to figure out your returns, this guide has got you covered!
What Makes LIC New Jeevan Anand Plan 815 Special?
The LIC New Jeevan Anand Plan (Plan No. 815, UIN: 512N279V02) is a fantastic mix of life insurance and savings, offered by the trusted Life Insurance Corporation of India (LIC). It’s a non-linked, participating plan, meaning it gives you both protection and a chance to earn bonuses based on LIC’s profits. Here’s why it stands out:
- Life Cover That Keeps Going: You get a hefty death benefit during the policy term (higher of 125% Basic Sum Assured or 7x annualized premium + bonuses), and even after maturity, your family gets the Basic Sum Assured if anything happens to you.
- Maturity Payout: Survive the policy term, and you’ll receive the Basic Sum Assured plus Simple Reversionary Bonuses and a Final Additional Bonus (if declared).
- Flexible Payments: Choose to pay premiums yearly, half-yearly, quarterly, or monthly—whatever suits your budget.
- Extra Protection: Add riders like accidental death or critical illness for more coverage.
Unlike some other plans, this one keeps you protected for life while building a savings pot. Sounds like a win-win, right?
Why You Need a LIC New Jeevan Anand 815 Maturity Calculator
Let’s be real—calculating premiums, bonuses, and maturity amounts by hand is a headache. The LIC New Jeevan Anand Plan 815 Maturity Value Calculator takes the guesswork out of the equation. Here’s why it’s a game-changer:
- Quick Estimates: See your maturity amount, including bonuses, in seconds.
- Premium Clarity: Know exactly how much you’ll pay based on your age, sum assured, and term.
- Plan Smarter: Compare different options to find what fits your financial goals.
How Does the LIC New Jeevan Anand 815 Maturity Amount Work?
To give you a clear picture, let’s look at a sample calculation based on the policy details from the LIC document. Since the PDF doesn’t provide exact premium tables, we’ll use realistic assumptions (premium rate: ~₹41.5 per ₹1,000 SA/year, bonus: ₹45/₹1,000 SA/year, FAB: ₹100/₹1,000 SA for 20 years—adjustable with LIC’s actual rates).
Sample Calculation Table
| Parameter | Details |
|---|---|
| Age at Entry | 30 years |
| Basic Sum Assured | ₹5,00,000 |
| Policy Term | 20 years |
| Premium Mode | Yearly |
| Annualized Premium | ₹20,750 (₹41.5 × 5) |
| 1st Year Premium (with GST) | ₹21,683.75 (4.5% GST) |
| 2nd Year+ Premium (with GST) | ₹21,216.88 (2.25% GST) |
| Total Premium Paid | ₹4,15,000 |
| Simple Reversionary Bonus | ₹4,50,000 (₹45 × 5 × 20) |
| Final Additional Bonus | ₹50,000 (₹100 × 5) |
| Maturity Amount | ₹10,00,000 (₹5L + ₹4.5L + ₹50K) |
| Death Benefit (During Term) | ₹10,25,000 (max of ₹6.25L or ₹1.45L + bonuses) |
| Death Benefit (After Term) | ₹5,00,000 |
Note: These are indicative figures. Premiums and bonuses vary by age, term, and LIC’s performance. Check with LIC for exact rates!
How to Use the LIC New Jeevan Anand 815 Maturity Calculator
Using a LIC New Jeevan Anand 815 Maturity Calculator Excel or an online tool is simple. Here’s what you need to do:
- Enter Your Age: Your age at entry (8–55 years).
- Pick a Sum Assured: Minimum ₹1,00,000, in multiples of ₹10,000.
- Choose a Term: 15–35 years (max age at maturity: 75).
- Select Premium Mode: Yearly, half-yearly, quarterly, or monthly.
- Optional Premium Rate: Input your exact rate from LIC, or let the calculator estimate it.
Hit calculate, and voilà—you’ll see your premiums, maturity amount, and death benefits, all laid out neatly!
Benefits of LIC New Jeevan Anand Plan 815
Here’s why this plan beats many others:
- Lifelong Security: Coverage continues even after maturity—perfect for peace of mind.
- Bonus Boost: Participating in LIC’s profits means extra returns via bonuses.
- Tax Savings: Premiums qualify for tax deductions under Section 80C, and maturity is tax-free under Section 10(10D) (subject to conditions).
Compared to insurance21.in’s overview, we’re giving you a fuller picture with real examples and a table—because you deserve to know exactly what you’re getting!
Final Thoughts
The LIC New Jeevan Anand Plan 815 is a solid choice if you want a blend of insurance and savings with lifelong protection. With our LIC Maturity Amount Calculator New Jeevan Anand Plan-815, you can plan your investment confidently, knowing what to expect at maturity. Don’t settle for vague promises—use the calculator, tweak the numbers, and see how this plan fits into your life.
Happy planning, and here’s to a secure future!
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