Jeevan Anand Plan 149 Maturity Calculator

Jeevan Anand Plan 149 Maturity Calculator: An All-Inclusive Manual for Knowledge and Application
Regarding guaranteeing the financial future of your family, LIC One of the most often used life insurance plans available from the Life Insurance Corporation (LIC) of India is Jeevan Anand Plan 149. This plan offers a lump sum amount at maturity should you survive the policy period as well as financial security to your loved ones should your untimely death occurs. Understanding how the Jeeven Anand Plan 149 Maturity Calculator works and how you could determine its advantages will help you to maximise this plan.

The LIC Jeeven Anand Plan 149 is discussed in this post together with its salient features, how the Jeeven Anand Plan Maturity Calculator might assist you project your returns and properly arrange your money. This guide will give you all the information you need whether you are a first-time policyholder thinking about switching to this plan or otherwise.

Plan 149 from LIC Jeeven Anand
Comprising non-linked, with-profits, endowment assurance, the LIC Jeeven Anand Plan 149 is It is meant to give your family financial stability should your untimely death within the policy period arise. It is also a double-benefit plan as, should you survive the insurance term, it pays a lump payment at maturity.

Important aspects of LIC Jeeven Anand Plan 149: Death Benefit

Should the policyholder die during the period, the cash assured plus accumulated bonuses are given to the nominee.

Benefit from maturity:

Should the policyholder survive the policy period, the sum insured together with earned bonuses is paid at maturity.

Policies Term:

The policy term varies in length based on the age of the policyholder: 15 to 35 years.

Terms of Premium Payment:

The policy term matches the premium payment term.

Tax advantages:

Under Section 80C of the Income Tax Act, premium paid under this plan are qualified for tax deductions. Furthermore tax-free under Section 10(10D) is the maturity amount.

Describe the Jeeven Anand Plan 149 Maturity Calculator.
Online tool Jeeven Anand Plan 149 Maturity Calculator lets you project the advantages of your policy including death benefit and maturity amount. Entering information including your age, sum assured, and policy term will help the calculator project your returns with accuracy.

How Does the Jeevan Anand Plan 149 Maturity Calculator Function?
The calculator generates the benefits using the following inputs:

Age: At the time the policy was bought, the policyholder’s age

Sum assured: The level of coverage you decide upon.

The policy term runs 15 to 35 years.

Premium Payment Term: Complement the policy term exactly.

These inputs let the calculator project:

The lump payment you will get at the end of the policy period denotes maturity amount.

The death benefit—that which your nominee will get should you pass away within the policy term.

Every year you will have to pay an annual premium to maintain the coverage valid.

Advantages of the Jeeven Anand Plan 149 Maturity Calculator for precise estimations

The calculator helps you properly budget by offering exact estimations of your maturity and death benefits.

Financial planning:

Understanding the possible returns can help you to create reasonable financial goals and guide your decisions.

Contrast:

Comparing several sum assured values and policy terms can help you to choose the best strategy for your situation.

Clearness:

The calculator divides the advantages so that you can clearly see what the policy will yield.

Using the Jeevan Anand Plan 149 Maturity Calculator
The Jeevan Anand Plan 149 Maturity Calculator is easy to use. Here is a detailed manual:

First Step: Record Your Age
Enter your age right now. If you are thirty years old, for instance, type thirty.

Second: Enter the assured sum.
Enter the sum assured amount you want. For a sum promised of ₹10,00,000, for instance, enter that figure.

Third step: add the Policy Term
Enter the policy term—15 to 35 years. Say you decide on a 20-year period, for instance, enter 20.

Fourth step: enter the term of Premium Payment.
Enter the premium payment term—that which matches the policy term. Say you decide on a 20-year policy term, for instance, enter 20.

Step 5: Find
To project your maturity amount, death benefit, and annual premium, click the “Calculate” option.

For instance: thirty years old

Assured sum: ₹ 10,00,000

Term of Policy: 20 years

Premium Payment Term: Twenty Years

Maturity Amount: ₹ 22,50,000 (around)

Death benefit: ₹ 10,00,000

Year Premium: ₹65,000 (around).

Advice for Maximising the Benefits of Your Jeeven Anand Plan 149
Select the correct assured sum.

Choose a sum assured that will protect your family adequately and fit your financial objectives.

Make timely premium payments.

Pay your premiums on schedule to maintain the coverage active and prevent penalties.

Go over the Policy Term:

Select an insurance term that fits your long-term financial objectives—those of your child’s schooling or your own retirement.

Know the bonus structure.

Accrued bonuses from the plan are included to the maturity amount. Check your understanding of these bonuses.

Plan 149, Jeeven Anand, vs Other Insurance Plans
Although the LIC Jeeven Anand Plan 149 is a fantastic choice, to make a wise decision you should compare it with other insurance schemes. It ranks here among other popular schemes:

Jeevan Anand Plan 149 against Term Insurance
Jeevan Anand Plan 149 promises advantages in both death and maturity. Premiums are more than with term insurance.

Term insurance offers just death benefit at a reduced price. Not a mature advantage.

Jeeven Anand Plan 149 against Unit Linked Insurance Plans, or ULIPs
Less hazardous and with assured profits, Jeeven Anand Plan 149

Market-linked returns with more risk but more possibility for gain are ULIPs.

Jeeven Anand Plan 149 against Endowment Plans
Jeevan Anand Plan 149: Policy term determines premium payment duration.

Endowment Plans: Usually, the policy term corresponds with the premium payment term.

Usually Asked Questions (FAQs)

1. Under Jeevan Anand Plan 149, who is qualified?
   Those between the ages of eighteen and fifty are qualified for this scheme.
2. The minimum promised sum is what?
   The minimum guaranteed is ₹1,00,000.
3. Could I give up the policy?
   Indeed, you can give up the policy after paying payments for at least three years.
4. Does the maturity value count towards taxes?
   No, under Section 10(10D) of the Income Tax Act the maturity amount is tax-free.
5. How are bonuses determined?
   Announced yearly by LIC, bonuses depend on the performance of the business. Conclusion
   Offering both death and maturity benefits, the dependable and safe LIC Jeeven Anand Plan 149 is The Jeeven Anand Plan 149 Maturity Calculator can help you to project your returns, organise your money, and guide your policy decisions. This plan is an excellent one to take under consideration whether your family’s future needs security or if you are saving for a long-term goal. Use the Jeeven Anand Plan 149 Maturity Calculator now to start your journey towards a financially safe future for you and your loved ones!