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Jeevan Anand is an innovative insurance product from LIC of India, which combines the benefits of an Endowment Plan and a Whole Life Plan.
Under this plan you pay premiums for a limited period. During the premium paying term you are covered to the extent of the sum assured and the bonuses that vest on this policy. After the premium term is over the sum assured together with accumulated bonuses and final additional bonus (if any) become payable to you free of any income tax.
The main highlight of this plan is that even after the maturity of policy the risk coverage on your life continues for your lifetime to the extent of the sum assured without the payment of any further premiums.
General Terms of this Plan
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Minimum Age At Entry
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18 years completed
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Maximum Age At Entry
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65 years (Age Nearer Birthday)
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Maximum Premium Ceasing Age
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75 years (Age Nearer Birthday)
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Premium Paying Term
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5 years to 57 years
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Minimum Sum Assured
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Rs. 1,00,000
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Maximum Sum Assured
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No Limit
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Double Accident Benefit
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Exclusively available upto Rs.5,00,000 during the Premium paying term and thereafter upto age 70. No additional premium is required to be paid
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Loans
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Available after payment of 3 full years premiums
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