Jeevan Anand
This is most preferred plan by policy holders due to its unique features.
If you are interested in having a plan with good returns and life insurance policy, then lic Jevan Anand plan is best suited for your needs. In this particular plan, you will be able to find a blend of “Whole Life Insurance” and “Endowment Assurance.” This plan will help you to secure your future against death and if any case you survive after the end of the term, then you will be getting a lump sum amount. With details about this plan you can know and understand how much you have to invest and how much you will be getting in case of your survival. This is the best plan, which is a assurance to your family of having a financial backup in case of your accidental death.
You can select a premium payment time as per your requisite. You can pay the premium, “Annually”, “Half-Yearly” or “Monthly.” You can even select payment mode as direct deduction from your salary.
Benefits Of LIC Jivan Anand
There are different advantages, which as a person you can avail of lic jeevan anand plan. Some of the benefits are mentioned below:Key features:
· Accidental Disability Benefit rider- additional Sum assured is payable in installments
Income Tax Benefit – Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)
Death Benefit – In case of death of the Life Insured
· Before the end of the Policy Term, the Sum Assured + accrued Bonus is paid
· After the Policy Term, Sum Assured is paid as Death Benefit whenever the Life Insured dies.
Maturity Benefit - In Case Of Survival At The End Of Plan:
At the maturity of the policy, the insured will get Sum Assured + accrued Bonus + Final Addition Bonus
You will be getting an assured amount at the end of this plan in case of your survival.
Accidental Advantages:
In case of your accidental death up to the age of “Seventy” an amount of Rs five Lacs is payable. If you are disabled because of this accident, you will be getting this amount in installments.
Added Advantages:
Some extra or added advantages can be linked with your current plan, which you can utilize as per your requirement. Amount of your premium will increase once you get some added advantages to your policy.
Value Of Surrender:
Having a life insurance policy is easy, but maintaining it is difficult. If in any case you want to discontinue your life insurance policy after a certain amount of time, then you can do so as on payment of a surrender value.
Guaranteed Value Of Surrender:
With jeevan anand lic policy details, you will come to know about period after which you can surrender your policy. Minimum time for which you have to give the payment is three years and after that, thirty percent of the total premium is the guaranteed value of surrender.
Policy Value Of LIC On Surrender:
While surrendering the policy, LIC will be paying a special value of surrender that is equal or more than guaranteed value of surrender. Value of this payment is done after calculating the total premium, which is paid. In any case, if surrender of policy is before value of surrender is less than the total amount of premium, which is paid. Surrender value, which LIC has to pay, is revised timely depending on economic condition.
If you are interested in having a plan with good returns and life insurance policy, then lic Jevan Anand plan is best suited for your needs. In this particular plan, you will be able to find a blend of “Whole Life Insurance” and “Endowment Assurance.” This plan will help you to secure your future against death and if any case you survive after the end of the term, then you will be getting a lump sum amount. With details about this plan you can know and understand how much you have to invest and how much you will be getting in case of your survival. This is the best plan, which is a assurance to your family of having a financial backup in case of your accidental death.
You can select a premium payment time as per your requisite. You can pay the premium, “Annually”, “Half-Yearly” or “Monthly.” You can even select payment mode as direct deduction from your salary.
Benefits Of LIC Jivan Anand
There are different advantages, which as a person you can avail of lic jeevan anand plan. Some of the benefits are mentioned below:Key features:
- This plan is an endowment cum whole life plan
- Maturity Benefit is Sum Assured + accrued Bonus and the Life Cover continues till death
- Death Benefit after Policy Maturity is only Sum Assured
- Death Benefit before Policy Maturity is Sum Assured + accrued Bonus
- Simple Reversionary Bonus is payable on maturity or earlier death.
- Accidental Death and Disability Benefit is an inbuilt feature in this plan
- Optional higher cover through 1 additional rider of Critical Illness Benefit.
- This plan can be provided to people with hazardous occupation with additional premium.
- Large Sum Assured rebate is also provided.
- Riders – There are 2 In Built Riders available:
· Accidental Disability Benefit rider- additional Sum assured is payable in installments
Income Tax Benefit – Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)
Death Benefit – In case of death of the Life Insured
· Before the end of the Policy Term, the Sum Assured + accrued Bonus is paid
· After the Policy Term, Sum Assured is paid as Death Benefit whenever the Life Insured dies.
Maturity Benefit - In Case Of Survival At The End Of Plan:
At the maturity of the policy, the insured will get Sum Assured + accrued Bonus + Final Addition Bonus
You will be getting an assured amount at the end of this plan in case of your survival.
Accidental Advantages:
In case of your accidental death up to the age of “Seventy” an amount of Rs five Lacs is payable. If you are disabled because of this accident, you will be getting this amount in installments.
Added Advantages:
Some extra or added advantages can be linked with your current plan, which you can utilize as per your requirement. Amount of your premium will increase once you get some added advantages to your policy.
Value Of Surrender:
Having a life insurance policy is easy, but maintaining it is difficult. If in any case you want to discontinue your life insurance policy after a certain amount of time, then you can do so as on payment of a surrender value.
Guaranteed Value Of Surrender:
With jeevan anand lic policy details, you will come to know about period after which you can surrender your policy. Minimum time for which you have to give the payment is three years and after that, thirty percent of the total premium is the guaranteed value of surrender.
Policy Value Of LIC On Surrender:
While surrendering the policy, LIC will be paying a special value of surrender that is equal or more than guaranteed value of surrender. Value of this payment is done after calculating the total premium, which is paid. In any case, if surrender of policy is before value of surrender is less than the total amount of premium, which is paid. Surrender value, which LIC has to pay, is revised timely depending on economic condition.