LIC Jeevan Anand Premium Calculator

LIC Jeevan Anand Premium Calculator

Calculate your premium for LIC’s most popular endowment plan that offers both protection and savings

30 years
20 years
₹10,00,000

Estimated Premium

₹48,500

per year (GST not applicable as per current rules)

Premium Breakdown

Basic Premium ₹48,500
GST Not Applicable
Total Premium ₹48,500
Key Benefits:
✓ Life cover of ₹10,00,000 throughout policy term
✓ Coverage continues till age 100 (even after policy term)
✓ Maturity benefit: Sum Assured + Accrued Bonuses
✓ Death benefit: Sum Assured + Bonuses
✓ Tax benefits under Section 80C & 10(10D)

Policy Projection

Total Premium Paid
₹9,70,000
Over 20 years
Maturity Value
₹21,50,000
At end of policy term
Death Benefit
₹10,00,000
+ Accrued Bonuses
Bonus Rate
₹40/1000
Per year (approx.)

Important Note on GST

The Indian government has proposed to remove GST on life insurance premiums, effective September 22, 2025[citation:1]. This calculator assumes GST is not applicable based on this proposed change. However, please verify the current GST status with LIC or your insurance advisor at the time of payment, as the implementation may vary based on your policy’s specific due date and other factors.

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Author

  • Neeru Verma

    Pushpa Verma is a postgraduate in Commerce with more than 7 years of experience in the insurance and financial content field. She has a strong understanding of LIC plans, life insurance policies, premiums, maturity benefits, and policy features.
    Through her experience, Pushpa focuses on explaining complex insurance information in simple and easy-to-understand language. She contributes well-researched and practical content to help readers understand LIC plans, compare policy options, and make informed financial decisions.
    Her areas of expertise include LIC policies, life insurance, insurance premiums, policy benefits, and personal finance.

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