Estimate Your LIC Jeevan Anand Premium and Maturity
The LIC Jeevan Anand Calculator gives a quick, free estimate of the premium, bonus and maturity benefit for LIC Jeevan Anand (Plan 815). Enter your age, Sum Assured and policy term to see an estimated yearly premium, first-year premium with GST, assumed bonus and maturity amount in seconds.
Remember, this is an estimate only, not LIC's official premium table. The exact premium comes from LIC's official Plan 815 table, and the bonus is declared by LIC and varies, so use the result for planning and cross-checking an agent quote.
Table of Contents
What is a LIC Jeevan Anand Calculator?
A LIC Jeevan Anand Calculator is an estimate tool for LIC Jeevan Anand (Plan 815), a participating whole-life plan. It estimates the yearly premium from an age-band rate adjusted by term, adds 4.5% GST for the first year, and estimates maturity as Sum Assured plus assumed bonus: Maturity = Sum Assured + (Sum Assured / 1,000 x assumed bonus Rs 48 x term).
Estimate only — exact premium comes from LIC's official Plan 815 table; bonus is declared by LIC and varies.
How to Use the LIC Jeevan Anand Calculator (Step by Step)
- Enter age at entry.
- Enter Sum Assured.
- Enter policy term.
- Press Calculate for premium, first-year premium with GST, assumed bonus and maturity.
Example Calculation
Age 30, Sum Assured Rs 5,00,000, term 20 years: Yearly premium Rs 22,250.00; First-year premium incl. GST Rs 23,251.25; Assumed bonus Rs 4,80,000.00; Maturity Rs 9,80,000.00.
Features
- Age-band premium estimate for Jeevan Anand.
- GST shown separately for the first year.
- Bonus and maturity shown together.
- Estimate note in the result itself.
Benefits
- Helps with policy purchase planning before you buy.
- Gives a cross-check against an agent quote.
- Highlights whole-life cover awareness: the Sum Assured is paid again on death after maturity.
Final Thoughts
Use the LIC Jeevan Anand Calculator as a planning estimate, then confirm the exact premium and bonus with the official LIC illustration. You may also try the TDEE Calculator and the LIC Nivesh Plus Returns Calculator.
Frequently Asked Questions (FAQs)
Is this the exact LIC premium for Jeevan Anand?
No. It is an estimate made with commonly used age-band rates. Your exact premium is fixed by LIC from its official premium table for Plan 815 at the time of proposal.
What do I get at maturity in Jeevan Anand?
You get the Sum Assured plus vested simple reversionary bonuses and any final additional bonus. After maturity the risk cover continues for life, and the Sum Assured is paid again on death.
Why is first-year premium higher?
GST on life insurance premium is 4.5% in the first year and 2.25% from the second year onwards, so the first-year outgo is slightly higher.
What bonus rate is assumed here?
An assumed Rs 48 per Rs 1,000 Sum Assured per year. LIC declares bonus rates from time to time, so the actual vested bonus can be higher or lower.