LIC Jeevan Anand Table No. 149
LIC Jeevan Anand is Endowment Assurance as well as Whole Life plan. Life insured gets death cover throughout the lifetime and the lump sum at the end of selected term in case of his survival. This is one of the best plan with lifetime risk cover and the great maturity benefits. It shares the profit of life insurance business and same is distributed as bonus on each thousand of Sum Assured annually. The policy provides double accidental death benefit for no additional charges.
Jeevan Anand Benefits and Features
Following are the Jeevan Anand benefits and details:
In LIC Table 149 maturity benefits are SUM assured plus the vested bonus. Vested bonus is declared by LIC each year but the same will be provided at the end of selected term or in case of death during selected term.
An amount equal to one SUM Assured along with the vested bonuses in lump sum will be payable on death during selected term.
In case of death after selected term, an amount equal to one SUM assured will be given to nominee.
An additional Sum Assured (up to 5 Lacs) is payable in lump sum on death due to accident up to 70 years age of life assured. In case of permanent disability of the life assured due to accident, this additional Sum assured is payable in installments.
No Additional premium need to be paid.
Surrender Value under this policy is available.
This policy offers guaranteed surrender value of 30% of total premium paid excluding first year premium and extra premium. Policy should be at least in force for 3 or more years.
Tax Saving Benefits
Tax benefits in Jeevan Anand policy can be availed as per IT Act 1961 as follows:
1. On premium paid under section 80C
2. Maturity amount received under section 10 (10D)
Premiums are payable yearly, half-yearly, quarterly, monthly as per your comfort.
These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.
Jeevan Anand Bonus
Being a with profit plan, Policy participate in profits of the Corporation life insurance business share. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.
View Jeevan Anand Bonus trend.
Loan available after 3 years of full premium payment.
Policy Eligibility Chart
|18 to 65 years|
|75 Years Maximum|
|5 years to 57 years|
Minimum Rs. 1,00,000.
No Maximum Limit