Are you planning to purchase LIC New Jeevan Anand Plan-915 and wondering about the premium details? This guide provides all the essential information you need, including how to use the premium calculator, key features, eligibility criteria, and additional benefits of the policy. Let’s explore everything about this popular life insurance plan! LIC New Jeevan Anand Plan-915 Premium Calculator
Overview of LIC New Jeevan Anand Plan-915
The LIC New Jeevan Anand Plan-915 is a life insurance policy offered by LIC that provides both life coverage and savings. Here’s what you need to know:
- Policy Term: Ranges from 15 to 35 years, depending on your choice.
- Maturity Age: The plan matures when the policyholder reaches 75 years of age.
- Maturity Amount: This includes the basic sum assured, accumulated bonuses, and a final additional bonus, giving you a lump sum for future financial goals.
Using the Premium Calculator for LIC New Jeevan Anand Plan-915
Calculating premiums manually can be tedious. LIC provides a premium calculator to simplify the process. Follow these steps to use it:
- Visit the official LIC New Jeevan Anand Plan-915 premium calculator page.
- Enter details like your age, policy term, and sum assured.
- Click the “Calculate” button for an instant premium quote.
- The calculator will show a breakdown of the premium, including any additional riders.
You can access the calculator at LIC Premium Calculator.
Key Benefits and Features of LIC New Jeevan Anand Plan-915
The New Jeevan Anand Plan comes with numerous benefits:
1. Death Benefit
If the policyholder passes away during the policy term, the nominee will receive the death sum assured, accumulated bonuses, and the sum assured from any optional riders. The death sum assured is either 125% of the basic sum assured or 7 times the annualized premium, whichever is higher.
2. Maturity Benefit
Upon maturity, the policyholder will receive the basic sum assured, accumulated bonuses, and the final additional bonus. After maturity, the plan continues to offer life cover, ensuring the nominee gets the basic sum assured if the policyholder dies post-maturity.
3. Optional Riders
Policyholders can enhance their coverage by adding riders such as:
- Accidental and Disability Benefit Rider
- Term Assurance Rider
- Accidental Benefit Rider
4. Surrender and Loan Options
After paying premiums for two years, policyholders can either surrender the policy or take a loan against its surrender value.
5. Tax Benefits
Premiums paid for the plan qualify for tax exemptions under Section 80C of the Income Tax Act. Additionally, maturity and death benefits are tax-free under Section 10(10D).
FAQs on LIC New Jeevan Anand Plan-915
1. What is Maturity Settlement?
The maturity settlement is the total amount paid to the policyholder at maturity. It includes the basic sum assured, accumulated bonuses, and the final additional bonus.
2. Differences Between Table-914 and Table-915
If you’re curious about the differences between Table-914 and Table-915, it’s best to refer to LIC’s official documentation, as this article focuses on Table-915.
3. How is the Death Benefit Calculated?
The death benefit during the policy term includes the death sum assured, accumulated bonuses, and any rider benefits. The death sum assured is the higher of 125% of the basic sum assured or 7 times the annualized premium.
Conclusion
The LIC New Jeevan Anand Plan-915 is an excellent choice for individuals seeking both life insurance and savings. With death and maturity benefits, optional riders, tax benefits, and a user-friendly premium calculator, it offers a versatile solution for long-term financial security.
Before making a final decision, consult with a LIC representative or a licensed insurance advisor to ensure the plan meets your specific needs. Secure your financial future today with the LIC New Jeevan Anand Plan-915
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