Monday, October 20, 2014

Lic's Jevan Anand

Please contact Kunal Bhatia (me): 9860002486, I'm on Whatsapp also.

Jeevan Anand Policy is an Endowment Plan, meaning benefit is paid either on maturity or on death whichever comes early, but there is more to it in Jeevan Anand Policy, Even after maturity, your insurance keep on going till your death. On your death your family is paid sum assured once again. (jeevan ke saath bhi jeevan ke baad bhi) 

To understand this Lic policy better, lets listen a audio.


After listening the audio see below an example

Age at entry: 25 years
Premium paying term: 35 years
Sum Assured: Rs.1,00,000/-

1st Year with TAX 3.09 % 
Yearly: 3225     [3128 + 97]
Half-Yearly: 1628     [1580 + 49]
Quarterly: 822     [798 + 25]
Monthly: 274     [266 + 8]

From the 2nd Year with TAX 1.545 % 
Yearly:  3177     [3128 + 48]
Half-Yearly: 1604     [1580 + 24]
Quarterly: 810     [798 + 12]
Monthly: 270     [266 + 4]

You've invested (3225 X 1) + (3177 X 34) = 111243/- in 35 years, Calculation done on Yearly premium.

So your approximate Maturity Calculation will be:
Bonus: 168000/-
Final Addition Bonus: 185000/-
Total Maturity (Sum Assured + Bonus + FAB ): 453000/-

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