Life Insurance Corporation offers many benefits and good compensation. Several policies have been made by LIC. Which includes LIC Jeevan Lakshya Scheme , LIC Jeevan Shanti In Gujarati , LIC Kanyadan Policy , LIC Jeevan Umang Policy . LIC has launched a policy called Jeevan Anand. What is this LIC Jeevan Anand Plan ? We will get detailed information about how much compensation will be given in this policy.
LIC Jeevan Anand Plan
If you are thinking of investing in LIC’s Jeevan Anand policy. So we are telling you about its benefits. Maturity benefit is available in this policy (LIC Jeevan Anand Policy). Benefits are available even after the death of the nominee. In this situation LIC’s Jeevan Anand policy can be a better option for you. In this policy, the premium term and the policy term are the same. That is, you can pay the premium for the term of your policy. By depositing around 1400 rupees in a month in the policy, you will get 25 lakh rupees.
Highlight Point
| Name of Article | LIC Jeevan Anand Plan |
| Language of Article | Gujarati and English |
| Name of the organization | Life Insurance Corporation |
| Minimum investment | 1400 rupees per month |
| Amount receivable | 25 lakh rupees |
| Official Website | Click Here |
Life Insurance Corporation: 2 times bonus
2 times bonus is available in this policy (LIC Jeevan Anand Policy). But for 2 times bonus the policy should be 15 years. On the other hand, if the person dies during the policy, the nominee will get 125% of the death benefit of the policy . If the policyholder dies after the expiry of the policy (Life Insurance Corporation), he/she will get the sum assured.
Jeevan Anand Plan – Minimum Sum Assured Rs. 1 lakh
The minimum sum assured in this policy (LIC Jeevan Anand Policy) is 1 lakh rupees. There is no limit on the maximum sum insured. There are 4 riders in this policy (Life Insurance Corporation). Like Accidental Death and Disability Rider, Accident Benefit Rider, New Term Assurance Rider and New Critical Illness Benefit Rider etc. This policy can be taken for 5, 10 and 15 years. You can avail tax exemption in this.
LIC Jeevan Anand Plan – Accounts
- If you have taken a sum assured of Rs 5 lakh at the age of 35, your policy term is 35 years.
- So your annual premium will be Rs 16,300.
- You can pay the same premium half yearly, quarterly and every month.
- A total of Rs 5.70 will be deposited in 35 years.
- That is, about 1400 rupees deposited in a month.
- You will get a total of Rs 25 lakhs on maturity. In this, the basic sum assured will be Rs 5 lakh . A revision bonus of Rs 8.60 lakh and a final additional bonus of Rs 11.50 will be given.
Life Insurance Corporation Death Benefit
- If all outstanding premiums are paid, the following death benefits will be paid.
- Simple reversionary bonus and final additional bonus, if any, shall be payable as defined and vested as sum assured on death during the policy term.
- In which, the sum assured on death is defined as 125% of the basic sum assured or 10 times the annual premium.
- This death benefit shall not be less than 105% of all premiums paid on the date of death.
- The premium mentioned above is exclusive of service tax, additional premium and rider premium, if any.
Sharing in benefits
The policy (LIC Jeevan Anand Policy) will participate in the profits of the corporation and is declared as per the experience of the corporation during the term of the policy (Life Insurance Corporation). shall be entitled to receive simple reversionary bonus. Final (Additional) bonus under this scheme (LIC Jeevan Anand Policy) may be announced in that year also if the policy is fully in force. When a death claim or survival benefit is due to be paid during the policy term. If the policy is fully in force and runs for some minimum period.
LIC Jeevan Anand Policy: Optional Benefits
Accidental death and disability benefit rider from LIC (Life Insurance Corporation) is available as an optional rider on payment of additional premium during the policy term. In case of accidental death during the policy term, the accident benefit sum assured will be payable as a lump sum along with the death benefit under the basic plan (LIC Jeevan Anand Policy).
Life Insurance Corporation Update
In case of accidental permanent disability caused by accident (within 180 days from the date of accident), an amount equal to the accident benefit sum assured will be paid in equal monthly installments over 10 years. Future premiums will be paid for the accident benefit sum assured. Also the premium for that part of the original sum assured which is equal to the accident benefit sum assured under the policy will be waived off.
FAQ-Frequently Asked Questions
- How much is the premium in LIC Jeevan Anand policy?
Ans. LIC Jeevan Anand policy has a premium of Rs 1400 per month. - How much amount is available in LIC Jeevan Anand policy?
Ans. 25 lakhs is available in LIC Jeevan Anand policy.