Maturity Calculator for Jeevan Anand (Plan No:149)

Jeevan Anand (Plan 149) Maturity Calculator, calculates maturity amount and year-wise death claim amounts in case of death. It uses year-wise bonus rate for years for which the bonus has been declared and latest bonus rate for years which bonus will be declared in future. The calculator provides associated benefits calculation on past and expected data. Please provide following details to calculate benefits of your plan. This plan has been closed for sale and New Jeevan Anand Plan (Table No: 815) is currently available.

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Wrote : 12-11-2017 12:50:06

We have Jeevan Anand Policy (149) which is fully paid up. Paying Term 10 years, sum assured 1,00,000, Policy Term 58 years, commencement in 2008 ? Can some one suggest what does it mean? Does Maturity amount will be received only in 2066?

Replied : 12-11-2017 17:34:48
Your policy will mature in year 2018 and from 2018 to 2058, you will have life cover of 1,00,000, means, in case of death any time after 2018, nominee will get another 1,00,000.

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Wrote : 04-11-2017 12:20:23

Hi, My Sum assured is 500,000 and the maturity is in 2029. Query: If on maturity, I withdraw the whole amount, which is app 1029000, will the life cover still be on. Also, in case of death after maturity and if I have also withdrawn the maturity amount, will there be any cover?

Replied : 05-11-2017 17:09:15
After 2029, you will not have to pay premium and you will have life time risk cover equal to 5,00,000.

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Wrote : 03-11-2017 22:09:05

My policy question what 149/71/18

Replied : 06-11-2017 10:26:13
It means your table is 149, premium paying term is 18 year and policy term is 71 years. You have to pay premium for for 18years and maturity will happen after 18 years. And after 18 year premium payment will stop and life cover shall continue up to 100 years of age.

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Wrote : 30-10-2017 17:37:58

Hi, My sum assured is Rs. 1,00,000/- and premium paying term is 15 years are completed on 28/08/2017, whereas its reflecting as date of maturity is 2057 and my date of commencement is 25/02/2003, please clarify what are the benefits and when can i take out the amount? Is there a possibility of bonus availability immediately or how can I get back the money soon, Thanks in advance.

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Wrote : 19-10-2017 17:05:59

My sum assured is Rs. 1,00,000/- and premium paying term is 12 years whereas its reflecting as date of maturity is 2062 and date of commencement is 28/08/2007, As per the above calculator 2019 its completing and from 2020 its gibing Normal Life Cover and Accidental Life Cover. I won't get money in hand on 2020? Is it possible to get the money back with bonus on the year 2020?

Replied : 19-10-2017 23:13:18
You will get maturity as sum assured + bonus in 2019 and after that you will have life cover.

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Wrote : 09-10-2017 20:14:42

Yes. You are right. Jeevan Anand (Table-149) will be covered life long accidental befits after your maturity too untill your age 100. Don't worry. Don't look at this maturity year for this particular policy.

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Wrote : 05-10-2017 12:20:38

Hi, My sum assured is Rs. 1,00,000/- and premium paying term is 16 years whereas its reflecting as date of maturity is 2086 and date of commencement is 28/10/2013, please clarify till what period i have to pay the premium amount and after that what are the benefits and when can i take out the amount? Thanks.

Replied : 05-10-2017 12:34:01
You have to pay premium for 16 years please use above calculator for approx benefits.

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Wrote : 21-09-2017 12:49:04

Hi Sir, I have Jeevan Anand Plan 149. D.O.C - 27/08/2009 ; yearly Premium - 1 Lac . I have got 21 such policies. I dont know how to find how many years i have to pay premium.Can you please help.

Replied : 21-09-2017 22:39:50
You can find the premium paying term yourself, try to find group of numbers in 149-XX-YY format indicated on your policy documnets, YY in the said pattern will be your premium paying term.

Wrote : 25-09-2017 15:17:30

Thanks Sir. Just curious to know whether the final sum assured amount is taxable.If so,how many percentage?

Replied : 25-09-2017 20:23:21
It will be tax free in most of the cases. What is your sum assured and yearly premium and when was the policy baught?

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Wrote : 19-09-2017 18:59:33

Hi, my policy is Jeevan Anand ( Plan 149). My policy benefit is 5,00,000. Commencement Date is 21/01/2013. My policy term shows as 77 yrs and my current paying term is 21 yrs. Date of maturity shows as 21/01/2090. So still how many years should i pay the premium and when does the policy mature so i can withdrawn the matured amount ?

Replied : 19-09-2017 19:28:46
You need to pay premium for 21 years and maturity will be available after 21 (year 2034) year and from 2034 to 2090 you will have life cover equal to sum assured.

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Wrote : 16-09-2017 08:05:27

For my Jeevan anand(plan 149) policy, commencement date is 23.05.10 and premium paying term is 30 years while policy term is 77. Can u plz help with the date of maturity and till what date my policy would be in effect

Replied : 16-09-2017 12:31:42
Your maturity will occur in year 2040.

Wrote : 16-09-2017 12:50:48

But in website it's written maturity in 2087. So will my policy matures with bonus and SA in 2040 (end of paying term) while my policy is enforce with coverage upto SA till 2087?? I may send a screenshot if required

Replied : 16-09-2017 13:57:07
Yes, after maturity in 2040, you will have life cover upto 2087. In case of survival up to 2087, the risk cover can be collected by yourself as second matuirty.

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Wrote : 14-09-2017 13:42:18

Hi, Your policy would be only until 55 years. However this policy also provides coverage until the death of the primary holder which means you would get your sum assured + Bonus + final Bouns at the end of the your last premium year. After that this policy would cover the Policy holder for the same sum assured until his / her death ( 100 years) without any premium.

Wrote : 15-09-2017 18:55:20

My father policy sum assured 2 lake My father is Dead what will be the amount given to the nominee

Replied : 15-09-2017 21:08:16
What is premium term of the policy?

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Wrote : 08-09-2017 19:04:35

I have taken a policy from agent as she & her father was actually begging to sell it. But she was totally fool and beggar that she dint realized that she filed my policy with term of 74 years (maturity in 2084). Whereas I found that Plan 149 doesn't allow Policy term more than 55 years(considering age of insured as 18 while entering). Now that agent & the beggar father are not available. is there any way to correct or stop is nonsense? Age : 26 Yrs Commencement date: 28/05/2010 Policy Benefits: Jeevan Anand (Plan-149) Policy Term: 74 Years

Replied : 08-09-2017 22:07:21
As per your details, you will get second maturity in 2084, your premium paying term will be lesser than 55 for sure, please check. You have to pay premium for the years equal to Premium Paying Term and after completion of premium paying term, you will get maturity.

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Wrote : 03-09-2017 00:35:16

Hi, I have taken New Jeevan Anand policy in 2015 with sum assured of 2625000 and premium of 122000 annually. Return comes out 6.2% on recurring but problem is how to calculate Maturity Amount? Even LIC don't write on website. Agent has written 70L rs after 25 years but based on LIC calculation ( Sum assured + Bonus) it comes out very less as bonus declared is 49rs. Please help if I should continue it or I will get atleast 70L+.

Replied : 03-09-2017 20:15:43
Since it is a bonus based plan where bonus keeps accumulating for each policy year and paid along with sum assured at maturity. Please use above calculator it is based on past bonus rates. Final amount can only be calculated at maturity but declared bonus for past policy year can be considered as guaranteed.

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Wrote : 29-08-2017 09:21:58

Hi myself Subha is here actually I want to know about my plan 149 Jeevan Anand. what will be the maturity value, last premium date, my age at the time of maturity, when can i withdraw the amount & other necessary details. Below are the details of my policy:- Commencement Date: 27/08/2013 Policy Term: 72 Yrs Policy Benefits: 2,20,000 My Age at the time of policy open: 28 Yrs

Replied : 29-08-2017 11:00:26
What is your premium paying term?

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Wrote : 28-08-2017 21:08:10

I have jeegan Anand policy- table 149. Purchased in 2009. Sum assured is 130000. Duration is 15 years. Only two premiums alone I paid. I am now not in position to pay premium current/arrears. Is it possible to surrender my policy and get the amount which I have paid. (Rs.20138).

Replied : 29-08-2017 11:07:20
For surrender, policy must have continued for at least 3 years.

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Wrote : 28-08-2017 19:59:50

sir i have jeevan anand (149) old policy, purchased in 2012. i am unable to pay premium for FY 2017-2018 not even during the grace period of 30 days , but i will pay after grace period. How will it effect the policy maturity value. how much of fine or interest do i need to pay

Replied : 29-08-2017 13:11:03
After grace period, policy's risk cover will not be in full force but you can pay your premium after grace period and continue your policy, maturity value will not be affected.

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Wrote : 22-08-2017 14:51:48

Hello Sir, I have a Jeevan Anand policy and the assured sum is Rs.10 lakhs. Maturity value is 196900. Q1) How much tax will be deducted on the matured value at the time of maturity.

Replied : 22-08-2017 20:09:11
Maturity will be tax free provided your sum assured is at least 10 times of annualized premium.

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Wrote : 22-08-2017 10:57:53

I have a policy (Jeevan Anand Old). The last premium date is 9/9/2017.When does the policy mature? after making the final premium payment. When can I withdraw the funds.

Replied : 22-08-2017 12:37:42
What was your premium payment mode( yearly, half yearly, quarterly or monthly)?

Wrote : 22-08-2017 13:20:29

Premium payment mode is Yearly

Replied : 22-08-2017 13:33:00
Maturity will be due on 09-09-2018.

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Wrote : 20-08-2017 01:45:09

Hi Sir, I enroled for Jeevan Anand Policy in 2008, Sum Assured is 10,00,000/-, Total Premium : 18, Premium paid : 10, Premium annual payment 58832/-., Bonus accumulated is 4 lakhs, my age is 31, i have an emergency in home, where despite all my cash reserves in am in need of 10 Lakhs. I would like your recommendation on how to take loan against this policy, i read it is 90% of paid up or 85% of surrender value, which will you suggest, i have a very good re-paying capacity and can finish off this loan in a period of 1.5 years at the max, please suggest which is the best option for me.

Replied : 20-08-2017 17:38:28
Since your policy is a normal premium paying policy(i.e. full in force), paid-up is not the case for your policy, so you can take loan according to surrender value.

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Wrote : 16-08-2017 20:40:57

Hello Sir, I have a Jeevan Anand policy. The sum assured is Rs.10 lakhs and the term is 149-76-20. Date of commencement is Nov 2013. My year of birth is 1990 and hence the policy maturity year is shown as 2089. According to your calculator, the approximate maturity value is Rs.1969000. Question 1: Whether will I get the mentioned maturity amount by Nov 2033. Question 2: I will get insurance cover of sum assured till 2089 - without paying premium after 2032 provided I don't surrender the policy in 2033 to get the maturity amount. AM I right? Question 3: If I wish to surrender the policy before 2089. Can I able to do?. If so how much will I get by 2050?

Replied : 17-08-2017 10:22:30
1. Yes maturity will happen in 2033.
2. After Maturity, your premium payment will cease and risk cover will continue up to 2089.
3. Yes, You can surrender your risk cover anytime after maturity, your surrender value will be 4,20,000 (approx) in 2050, considering Sum Assured as 10,00,000.

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Wrote : 14-08-2017 11:17:14

My sms alert not active

Replied : 17-08-2017 09:59:14
You may register your policy and from there you can activate it.

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Wrote : 10-08-2017 18:12:41

I have Jeevan Anand Policy plan 149 on 01/09/2007.My date of birth is 01/06/1963.I have entered this policy at the age of 44years. The LIC website shows the premium paying term as 16 years and Date of maturity as 01/09/2063. After premium paying term ie, 16 years, am i eligible for the sum assured immediately? or do I have to wait for 2063? Is this policy is really beneficial?

Replied : 11-08-2017 22:53:59
You will get sum assured + bonus after completion of 16 years.

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Wrote : 30-07-2017 16:32:38

Sir I have taken Jeevan aanand plan 149 . In my policy it is showing perimium maturity date 13/05/1987. Policy paying term 20 years. So I want to ask when I will get money back after 20 years or after 13/05/1987.

Replied : 31-07-2017 11:38:33
Maturity will happen after completion 20 years. For nominee change, you need to visit policy issuing branch with your policy document.

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Wrote : 25-07-2017 15:48:06

Hi. I have taken Jeevan Anand Plan 149. The maturity date is 04/06/2087. Annual Premium paying term is 20 years. Do i will get Sum assured amount plus bonus after 20 years or in 2087?

Replied : 25-07-2017 18:26:53
Maturity will happen after 20 years and after maturity and up to 2087, you will have life cover equal to sum assured.

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Wrote : 17-07-2017 11:26:18

I have taken a jeevan anand policy of my father in jan 2011. Now he is no more (2017). What are the benefits will given. The policy is of 2,00,000/-.

Replied : 17-07-2017 23:32:29
Sorry to here about your father. What was the term of policy. Approx death claim amount will be around 3 to 3.25 lakhs.

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Wrote : 17-07-2017 10:26:27

Hi I have a simple query. I have Jeevan Anand(149) policy with annual premium of Rs. 14,026.00/- with Commencement Date 02/07/2011 Premium Paying Term is 16 Yrs i.e. I need to pay my premium till 2026 So my first query is:- 1. Will I be getting my matured amount of Rs. 348200(as calculated by calculator provided) in 2026 year only 2. After 2026, I need not pay anything and I will still be covered upto SA 2,00,000 till 2089(which is my Date of Maturity) Please let me know if my understanding is correct for both these queries

Replied : 17-07-2017 17:37:30
Yes, you understand it correctly, please note calulated amount is base on passed data, so it might increase or decrease

Wrote : 17-07-2017 17:43:33

Hi Thank you for the reply I have one more query... I need to change my nominee What is the procedure for that?

Replied : 17-07-2017 23:21:11
Please visit your policy issuing branch with policy document with id proofs of self and nominee.

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Wrote : 12-07-2017 19:56:49

PREMIUM EVERY YEAR = 30844 Maturity Year 2027 Age at Maturity 46 Sum Assured (A) 425000 Bonus (Approx) (B) 269025 Total Maturity (A+B) 694025 ============ but my point why like this that SA is less than what I am actually depositing at end of 15 years i.e. 30844 x 15 = 462660..... wheras Sum Assured = 425000 The Bonus is only the benefit, Sum Assured to anybody must be greater than what he/she is giving.. Pls clarify

Replied : 13-07-2017 20:31:41
Please read this article to get your answer.

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Wrote : 09-07-2017 20:28:40

I have purchased Jeevan Anand Policy plan 149 on 09/09/2013. The LIC website shows the premium paying term as 15 years and Date of maturity as 09/09/2075. After premium paying term ie, 15 years, am i eligible for the sum assured immediately? or do I have to wait for 2075? My total premium payment will be 128700 for 15 years. Is this policy is really beneficial?

Replied : 09-07-2017 23:44:11
Your maturity will happen in year 2028 and from 2028 to 2075, you will have life cover equal to sum assured. Your maturity will be sum assured +bonus.

Wrote : 10-07-2017 16:07:24

Thank you very much for your swift reply

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Wrote : 08-07-2017 11:40:05

Hi Sir, Is there any possibility to withdraw the normal life cover once my 21 policy get expires by not extending it to 100 years or so? If so, what percentage of it can I get?

Replied : 08-07-2017 12:39:47
Yes, You can surrender your life cover post maturity and amount will be % of sum assured which will depend upon duration after maturity and age at surrender. we do not have exact data that what will percentage.

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Wrote : 30-06-2017 18:53:58

Sir, I bought Jeevan Anand 149 policy in the year of 2011 for 15 years. Recently i have checked in the LIC website and in which it is mentioned that the maturity year is 2082 and the last payment is 2026. when will I get the maturity amount? kindly clarify.

Replied : 30-06-2017 22:33:21
Your maturity will happen in 2026-27 and from year 2026-27 to 2082, you will have life cover equal to sum assured. If you survive till 2082, then you can take second maturity in year 2082 yourself. In case of death before 2082 and after 2026-27, your nominee will get death claim which will be equal to Sum assured.

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