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.

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 So still how many years should i pay the premium and when does the policy mature so i can withdrawn the matured amount ?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.

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.

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?

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Sir, i have purchased jeevan anand policy plan 149 on 17 mar 2009 with sum assured 100000 for 10 yrs. As per the caluclator i will get maturity amt in 2019 which is132000 (100000 + 32000 bonus) but I have 1 doubt for 10 yrs I paid 119840 so I think it will be 119840 + bonus amt. ,kindly help me to get this understand.

Replied : 27-05-2017 22:54:02 You should get approx 1,32,000, as maturity and after matuirty there will be life time of cover of 1,00,000 without paying any premium. In jeevan anand, maturity is sum assured + bonus not total paid premium + bonus.

Dear Sir,
Thanks for the calculator and information. I have a query: I have a Jeevan Anand poliocy with profits and with accident benefit (as per my agent's words). The sum assured is Rs.4.00 lacs and the term is 149-53-21. Date of commencement is March 2012. According to your calculator, the approximate maturity value I will be getting during March 2033 is Rs.8,50,000/- (I understand that this amount will vary as per bonus every year).
My year of birth is 1965 and hence the policy maturity year as shown as 2065.
I will get insurance cover till 2065 - without paying premium after 2032 - IF ONLY I don't surrender the policy in 2033 to get the maturity amount. Am I correct?
Or, even after getting the maturity amount in 2033, I will covered by LIC free of cost till 2065? (Sounds pretty good, but am I dreaming?)
Please clarify.
Thanks & regards,

Replied : 06-05-2017 21:25:28 You will get maturity on completion of 21 years (in 2033) and no premiums will require from 2033 onward and you will have life cover up to 100 year of age (year 2065).

Wrote :13-05-2017 22:24:30

Thank you so much for the reply. Good to note about the extended cover offered by LIC. Your website is really useful. Thanks again and best wishes.

I have Jeevan Anand - 149, SA Assured INR 30,00,000, premium term 30 years and term 72 years. I have questions similar to others , how much do I get on maturity (I am assuming I will get the approximately amount that shows in the maturity calculator) and what will I get after the remaining 42 years (72-30). I have requested earlier too if someone can explain on call it will be very helpful.
Also, how can I avail the rebate in online premium payment. Will I get both the rebates as mentioned below?
The Rebates are of 2 types,
Sum assured rebate
Mode rebate
Sum assured rebate:
10 lakh and above RS 1.75 lakh per 1000 Sum assured
Mode rebate:
Mode Percentage
Yearly mode 3% of tabular premium

Replied : 01-05-2017 16:19:05 1. For remaining 42 years (from age 58-100 years), you will have life cover equal to 30 Lakh, it means in case of death during this period (58-100 years of age), your nominee will get 30Lakh as death claim or if you survive 100 years, then you can collect 30Lakh yourself.
2. Both rebates are already applied automatically in your premium calculation i.e. premium paid by you are after these rebates.

Wrote :01-05-2017 16:30:56

Thank you for your revert. To confirm, after 30 years from the time of policy starting, i.e., at maturity I will get the amount that is reflecting in the maturity calculator. The 30 lakhs that I will get in the remaining 42 years (if I survive or to my nominee in case of my death) is in addition to the amount reflecting in the maturity calculator.

Replied : 03-05-2017 00:04:02 The calculator uses declared bonus rates for those year for which bonus has been already declared and latest bonus for those years for which rates will be declared in coming years, so maturity amount is approx and final amount can only be calculated at the time of maturity. Please use above calculator and click on bonus value in the result, you will know how final amount has been calculated.

sir,i have paid all my 13 premiums for jeevan anand policy starting from 01/01/2005 for sum assured 100000. the last premium was paid on 01/01/2017. I am supposed to get my matuirty amount in the first week of jan 2018 what will be my matuirty amount

Replied : 27-04-2017 16:43:39 Please use above calculator.

sir,i have paid all my 13 premiums for jeevan anand policy starting from 01/01/2005 for sum assured 100000. the last premium was paid on 01/01/2017. I am supposed to get my matuirty amount in the first week of jan 2018 what will be my matuirty amount

Hi, Please classify period of payment for below policy details, we are confused in 16 Years or 20 years: Policy name : Jeevan Anand 149
Sum Assured : 1000000
year of policy : 2013
maturity : dont know
policy term : 76
Amount quarterly: 10200

Replied : 22-04-2017 00:06:20 Please look for details in 149-76-xx pattern on you policy document, the value of xx will be your premium paying term, first maturity will happen after completion of this premium paying term and 2nd maturity will happen at 100 years of age.

Hi,
Please classify period of payment for below policy details, we are confused in 11 Years or 16 years:
Policy name : Jeevan Anand 149
Sum Assured : 100000
year of policy : 2005
maturity : 2021