- Insurance protection for entire life.
- Premium amount that stay the same till the end of premium paying term.
- Save tax under section 80C
- Maturity amount , that is sum assured plus accumulated bonus at the end of the PPT.
- Surrender value you can use while you are living.
Features , Eligibility & Benefits of New Jeevan Anand Plan
Policy Sum Assured : Min Rs. 1 Lakh – Max – No Limit
Policy Term (in years) : Min 15 – Max 35 years
Premium Payment Term (in years): Equal to Policy Term choosen
Entry Age of Life Insured : Min 18 years and Max 50 years
Age at Maturity – 75 years
Payment modes available : YLY, HLY, QLY, MLY and SSS
Basic Sum Assured with Vested simple reversionary Bonus and Final Additional Bonus (if any) will be given on Policy maturity. Life cover continues till death
On the death of the life insured before policy maturity, Sum Assured on Death ( 125% of SA or 10 times Annual Premium whichever is higher) with Bonus and Final Additional Bonus (if any) will be paid. On death after policy maturity, Sum assured will be paid.
Frequently Asked Questions
“LIC Jeevan Anand is a whole life insurance plan that protects you for your entire life. Whole life insurance is usually a strong base upon which to build a long-term financial plan for the reason that it offers lifetime insurance protection for your family”.
Anyone between age 18 to 50 years can apply for this plan.
You can avail of loan on this policy once the policy has acquired cash value, i.e. after three years.
You have an option to surrender the policy & receive the cash value after payment of premiums for 3 years.
Yes. Premium paid are Tax Exempted u/s 80 C
No. The Maturity amount is Tax Free u/s 10 (10) (D).
LIC Investment Plans
- Children Plans
- Endowment Plans
- Insurance Plans
- Money Back Plans
- New Jeevan Anand
- Whole Life Insurance