Table of Contents
A policyholder will only be able to surrender his/her policy after having paid the premiums diligently for 3 years. Upon surrendering the policy, LIC provides a certain portion of money to the policyholder. This amount of money is known as surrender value.
If the policyholder has paid premiums for atleast 3 full years and subsequently discontinued paying premiums, and in the event of death of the life assured within six months from the due date of the first unpaid premium, the policy money will be paid in full after deduction of the unpaid premiums, with interest upto …
How is surrender value of LIC Jeevan Anand calculator?
Surrender Value Calculator for LIC new Jeevan Anand (Table No: 815) provides Approx surrender value based on bonus accumulated and total premium paid….How to calculate Surrender Value of LIC New Jeevan Anand.
| Sum Assured | 10,00,000 |
|---|---|
| Yearly Premium (without any rider and Service Tax) | 52,370 |
| Year of Surrender | 2024 |
How late can I pay LIC premium?
Revival of LIC Policy
| Months (Delayed) | Late Fee for 1 Re per Premium | |
|---|---|---|
| 6\% | 9.50\% | |
| 1st Month | 0.005 | 0.00792 |
| 2nd Month | 0.01 | 0.01583 |
| 3rd Month | 0.015 | 0.02375 |
How can I close my LIC Jeevan Anand policy?
The policy can be surrendered anytime provided two full years’ premiums have been paid. On surrendering after two policy years, the insurance company will pay a guaranteed surrender value of minimum 30\% of all premiums paid after deducting the first year’s premium.
Should I close my Jeevan Anand policy?
In case you opt for paid up option, the invested amount with return earned will be paid out on due maturity date. Surrender of policy is not recommended since the surrender value would always be proportionately low.”
What is Jeevan Anand policy for 25 years?
35 year old, buys a Jeevan Anand policy for 25 years (term) for a life cover of Rs. 1 lakh, for which pays a premium of Rs.4535/-. Scenario 1: The person dies after the 15 years of the policy (before the maturity term of 25 years), sum assured of Rs. 1 Lakh and accumulated bonus till 15 th year is paid to the nominee and the plan terminate.
When will the LIC Jeevan Anand bonus be declared?
In this case, the Sum Assured of Rs. 1 lakhs and accumulated bonuses till the date of death would be paid and the plan would terminate. Bonus is declared every year by LIC. Check the LIC Jeevan Anand Bonus rates which are declared every year.
Is LIC Jeevan Anand a whole life plan?
About LIC Jeevan Anand LIC Jeevan Anand is an endowment plan offering bonuses on maturity A whole-life plan wherein the risk of death is covered till the insured is aged 99 Flexible term of the policy allows planning for specific life-goals An additional benefit is provided on accidental death of the insured, till the age of 70 years.
What is the age limit for LIC New jeevananand policy?
LIC New JeevanAnand – Product Specification Product Name LIC New JeevanAnand Entry Age 18/50 Years Maturity Age Up to 75 Years Policy Term 15/35 Years Premium Payment Term Same as Policy Term