Answers
I am 31 year old male, planning for LIC policy jeevan anand of 3 lakh sum assured for 20years, then how much premium i will have to pay annually. please give more detail about jeevan anand.
Hello.
At age 31, the premium for J.Anand for 20 years will be 16976. The expected returns will be 612,000. Yield: 5.42%
However, you would be much better off taking a 21 year policy. The premium will be 15580. The returns will be 663,000. Yield: 5.89%
I also design customised plans which can benefit you much more. How if I could suggest you the following:
Term: 21 years
Sum Assured: 425,000
Premium: 17,137
Maturity: After 21 years Rs. 660,000
Just like J.Anand, you would have a lifetime cover of over Rs. 3 Lacs. The advantage will be, in J.Anand you have a flat risk cover after maturity and amount is payable only on death. However in the above plan, the sum assured increases every year via bonus and you have the option to withdraw the money at age 80.
Also, as you cans see, initial sum assured is much higher at 4.25Lacs in comparison to 3 Lacs while premium difference is hardly any.
Hope you appreciate.
Bhushan Sheth
9967290006
bhushansheth@gmail.com
I bought one jewan anand policy last year for 500000/- 16years but
now i want change the policy can i if can what i shoud do.
i thought not possible..but try contact LIC agent .He will give you better advice. jeevan anand is the best policy than any money back i have money back policy of LIC. I couldn't take any loan against my policy so, thats y andoment policy is best for the future..
Hello,
actually I am having 2 policies in LIC. One is Jeevan Anand in which I pay premium of rs.20,843 for 20 years. Another is Jeevan Rekha in which premium is rs.17,648 for 20 years. May
I know about the total amount I get for each policy at the end? and about bonuses too?
Thanks.
The sum assured for each policy is Rs.4 Lakhs. Thanks.
In Jeevan Anand at the time of maturity if after twenty years you may get approx. double of your sum assured (according to the present rate of bonus declared by LIC) further you/nominee are also entitled for one extra sum assured at the age of 100/death after maturity.
In Jeevan Rekha you get money back life long after the intervales as mentioned in your policy bond the nominee get the vary handsome maturity value.
Both are goods products of LIC of India.
Please also visit www.licindia.com and also get more details from your nearby LIC Branch, Agent
Manoj Ahuja an LIC agent Mobile No. 9314231642
I took a policy 2 yrs back and now due to personal issues i find the premiuim little heavy on my pockets. So is it possible to convert this existing policy to a lesser sum assured or some other money back policies?
You please contact the LIC regional office for better guidance.
I think Anand played for sponsors of World Chess Championship! They don’t want to loose importance of remaining two matches? Anybody agree my opinion?
I don't think it is fixed.