LIC New Jeevan Anand
Jeevan Anand is one of the most sold endowment plans of LIC, which provides Risk Cover even after maturity up to 100 years of age. LIC has launched New jeevan Anand (Plan No: 815) in new avatar. This plan also provides double accidental benefit in case of accidental death up to 70 years of age.
LIC New Jeevan Anand, a guaranteed return endowment plan from LIC comes with bonus facility. On maturity, the policyholder will get Basic Sum Assured plus vested Simple Reversionary Bonus plus Final Addition Bonus.
LIC New Jeevan Anand Policy 815 is a combination of endowment and whole life policy. New Jeevan Anand LIC Policy provides insurance cover for entire life of the insured person. It is a pure investment plan with high bonus facility and liquidity facility incorporated and saving point.
If the Premium is not paid within the time then a delay of 30 days for Yearly, Half-Yearly and Quarterly modes and 15 days for monthly mode is extended to pay the premium amount which is grace period.
New Jeevan Anand Key Features
Life Cover Continues till death of the Policy Holder.
In Jeevan Anand we have Option to Add Accidental Death and Disability Benefit Rider.
Guaranteed returns plan with bonus facility.
Option to add Accidental Death and Disability Benefit Rider.
Rebate offered if policyholder opts for high sum assured.
LIC Jeevan Anand 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 Additional Bonus and policy Will close.
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 Reversion Bonus + Final Additional Bonus as LIC New Jeevan Anand maturity amount and the policy will continues rest of his life.
Income Tax Benefit: Income Tax Benefits are available on Paid Life Insurance Premium and Maturity Benefit will also be tax free.
Death Benefit
Sum Assured on Death + vested Simple Reversionary Bonuses + Final Additional bonus (if any) shall be paid to the nominee Where, Sum Assured on Death = Higher of 125% of Basic Sum Assured or 10 times of annualised premium.
This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Tax Benefits on Premiums: Yes, under section 80C
Tax Benefits on Death Benefit: Yes, under section 10(10D)
Tax Benefits on Maturity Amount: Yes, under section 10(10D)
Payment modes : Yearly, Half-yearly, Quarterly or Monthly (ECS only)
New Jeevan Anand Lic policy Buying Procedure
Required documents to buy fresh Lic New Jeevan Anand Policy
Application form/Proposal form along with photo
Address proof
Age proof
Medical reports(if required)
Claim Procedure of LIC New Jeevan Anand policy
The documents required for claim procedure under New Jeevan Anand LIC Policy
NEFT form
Discharge form
Cancel check or Bank Pass book xerox
Policy bond
Death certificate
Loan facility: Loan facilities are available under LIC New Jeevan Anand Policy.
Backdating interest: The policy can be backdated within the same financial year.
Assignments/Nominations: Assignees and nominees are possible under this LIC New Jeevan Anand plan.
Jeevan Anand Plan Parameters
| Age of Entry | 18 to 50 years |
|---|---|
| Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly (ECS Only) |
| Policy Term | 15 to 35 Years |
| Basic Sum Assured | 100000 and above ( in multiple of 5000) |
| Policy Revival | within 2 year |
| Rebate | 2% on yearly, 1% on Half Yearly, Nil on Quarterly |
| Loan | After 3 years |
| Surrender | After 3 years of full premium payment |
LIC New Jeevan Anand Sum Assured Rebates:
| Sum Assured | Rebate |
| Rs.1,00,000 to Rs.2,00,000 | NIL |
| Rs.2,00,000 to Rs.4,95,000 | For every Rs.1000, Sum assured is Rs.1.50 |
| Rs.5,00,000 to Rs.9,95,000 | For every Rs.1000, Sum assured is Rs.2.50 |
| Rs.10,00,000 and above | For every Rs.1000, Sum assured is Rs.3.00 |
If you are Interested in this Policy Call 9246599566 . Email me to yourlicagenthari@gmail.com