NEW JEEVAN ANAND
Lic’s New Jeevan Anand plan is also a non-linked participating plan which offers you the saving and protection benefits for the whole life even after maturity period and helps you for financial support at the time of adversity of the policyholder and after the survival benefits are also available.
1 Min Basic Sum Assured: Rs 1,00,000
2 Max Basic Sum Assured: No Limit
3 Min Policy Time: 15 Years
4 Max Policy Time: 35 Years
5 Min Entry Age: 18 years
6 Max Entry Age: 50 Years
7 Max Age at Maturity for Life Assured: 75 years
8 Premium Payment Mode: Monthly, Quarterly, Half- yearly, Yearly
9 The benefit of Accidental Death and Disability Rider is applicable on payment of additional premium.
LIC’S NEW JEEVAN ANAND PLAN BENEFIT
1 Survival Benefit: Basic Sum Assured + Vested Bonus +FAB if any
2 Death Benefit: Sum Assured + Vested Bonus + FAB if any
Sum assured on death will be higher to 125% of basic sum assured or
10 times of annualized premium.
The death benefit is not less than 105% of all the premium paid on the date of death.
Premium exclude service tax, extra premium, and rider premiums if any.
3 after policy term death: basic sum assured
4 Surrendered Value Benefit: the Policyholder can surrender his policy at any time but the condition is to pay 3 years premium
4 Loan Benefit: After payment of premium for three full years than you can use loan facility.
5 Income Tax Benefit: Tax Rebate is available when you pay the premium under this plan section is 80c and under sec10(10D) maturity is free for this plan.