# New Jeevan Anand (815) Paid-up Value Calculator

LIC New Jeevan Anand (815) paid-up value depends upon Sum Assured & number of paid premium and accumulated bonus during the period when policy was in force. Following calculator helps to calculate approx. paid-up value as per your sum assured and paid premium. Please note, It is not official calculator of LIC.

## LIC New Jeevan Anand (Table-815) Paid-up Value

New Jeevan Anand becomes eligible for a Paid-up value, if premium for first 3 years have been completely paid and further premium are not paid. Paid-up value is sum of **Paid-up Sum Assured** + **Accumulated Bonus** for years which premiums have been paid successfully. Paid-up sum assured is sum assured factored by a **ratio** of **number of premiums paid** to **total number of premiums to be paid**. For example, if sum assured is 3,00,000 and term is 21 year and all premium for first 7 years have been paid, then paid-up sum assured will be (3,00,000) x (7/21) = 1,00,000.

Following table provides an example of Paid value details of a policy with Sum Assured: 15,00,000, Term: 15 years, Purchased Year: 2014 and premium for first 10 policy years (2014-2023) have been paid successfully and remaining premium is not paid.

Paid-up value details | |
---|---|

Sum Assured | 10,00,000 |

Premium Paid | 10 out of 15 years |

Paid-up Sum Assured | 10,00,000 |

Accured Bonus (Approx.) | 6,15,000 |

Paid-value at completion of term (2033) (Approx.) | 16,15,000 |

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