LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
How to use Daily Tool's New Jeevan Anand (815) Premium Calculator
Dailytool's New Jeevan Anand (815) Premium Calculator is very easy to use utility for online calculation of premium amount. This premium calculator gives output in four ways
- Calculate premium on yearly basis
- Calculate premium on half yearly basis
- Calculate premium on quarterly basis
- Calculate premium on monthly basis
In order to calculate premium amount you have to enter your age, insurance term and expected sum assured. There are some constraints in these criteria and which is listed below.
|Age||Age must between 18 years to 50 years.|
|Insurance Term||Insurance term must between 15 years to 35 years|
|Sum Assured||Sum assured can not be less than 1 lac rupees. And it must be in multiples of 5000.|
Let's understand this tool by taking an example. Mr. Rajan (age 32 years) want to calculate premium of new jeevan anand plan - 815. He want to pay premium for 15 years. So in-order to calculate, Mr. Rajan need to enter "32" in age field, need to select term as 15 years, need to enter sum assured amount as 1000000. After this is done only thing he need to do is perform calculation.
As soon as he performs calculation, he'll be presented nice tabular format result. Result indicates premium in yearly, half yearly, quarterly and monthly basis. Result also shows service tax applied on it.
Please visit LIC website for more information on this insurance policy.