- LIC’s New Jeevan Anand plan is a combination of protection, savings & Insurance Cover for lifetime.
- This plan offers the Guaranteed risk coverage of 125% of basic sum assured from Day 1 and the risk coverage enhances every year as LIC declares the yearly bonus
- The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured.
- In this plan, LIC offer the life cover up to the age of 100 years.
- This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
- This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
- LIC also offer the discount in the premium in case the mode of payment is Yearly.
- The loan is also available to the policyholder after the completion of 2 years of the policy
- Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
Sample illustration
| Eligibility Criteria |
|
Min. |
Max. |
| Age |
18 Years
(Completed) |
50 Years
(Near Birthday) |
| Policy Term |
15 Years |
35 Years |
| Premium Payment Term |
Same as Policy Term |
|
| Basic Sum Assured |
Rs. 1 Lac |
No Limit |
| Maximum Maturity Age |
75 Years (Near Birthday) |
| Rider |
LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR) |
| Rider |
LIC's NEW TERM ASSURANCE RIDER (TR) |
| Rider |
LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER |
| Rider |
LlC's ACCIDENT BENEFIT RIDER |
