New Jeevan Anand Plan
Lic New Jeevan Anand a guaranteed return plan with Whole Life Risk
Cover. In this plan, you have to pay the premium for the entire policy Term.
After the Completion of Policy term LIC Jeevan Anand maturity amount will be
equal to The Basic Sum Assured along with vested Simple Reversionary Bonus +
Final Addition Bonus and life Insurance coverage continues till the end of
life. No Extra Premium you have to pay. This is lic best policy with best
return.
LIC Jeevan Anand Policy Details
- Endowment Plan
with Guaranteed Return.
- Whole Life Plan
means Life Insurance Cover continues till death
- Simple
Reversionary Bonus is payable on maturity or earlier death
- Rider Benefit -
Accidental Death and Disability Benefit Rider
- Large Sum
Assured rebate is also Available
LIC New Jeevan Anand Plan Benefits
Death Benefit - In case of death
of the Life Insured, During the Policy Term, Nominee Will Get the Sum Assured +
accrued Simple Reversionary Bonus + Final Addition Bonus and policy Will close.
But if Policy holder dies After the Policy Term, only the Basic Sum Assured is
paid and Policy will close.
Maturity Benefit - If Policy holder
Survive till the end of Term He Will Get Basic Sum Assured + accrued Simple
Reversionary Bonus + Final Addition Bonus as LIC Jeevan Anand maturity amount
and the policy will continues rest of his life.
Eligibility conditions and other restrictions in
LIC Jeevan Anand
- Sum Assured
Minimum Rs. 1,00,000 in multiples of 5000 & Maximum Unlimited
- Policy Term
Minimum 15 Years & Maximum 35 Years
- Premium Payment
Term Minimum 15 Years & Maximum 35 Years
- Entry Age of
Policyholder Minimum 18Years & Maximum 50Years
- Age at Maturity
Maximum 75 Years
- Single Premium
Not Allowed
- Payment modes
are Yearly, Half-yearly, Quarterly & Monthly
Sample illustration of premium of LIC Jeevan Anand Plan
The below
illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured
= Rs 1,00,000and Policy Term = 25 years respectively.
Additional Features and
Benefits of LIC Jeevan Anand Plan
Riders – There are 2 In Built Riders available:
- Accidental Death
Benefit Rider- an additional Sum Assured is paid if death is due to
accident till 70 years of age
- Accidental
Disability Benefit rider- additional Sum assured is payable in instalments
There is 1 additional Rider available:
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