LIC Jeevan Anand Table No. 815

LIC Jeevan Anand

The death of an earning member makes the whole family suffer both emotional and economic loss. While the personal loss could not be lessened, the economic loss could be cared for by taking the right financial steps. Now, you can safe guard the interest of your entire family while securing your own financial future with the help of LIC’s New Jeevan Anand Plan. This great non-linked plan offers an appealing combination of life protection and savings. So, while you could not deal with the unpredictability of life, you could at least be armoured to face all its hidden challenges. With right investments you could secure your family members against much economic hardships and present them with a secure future. Moreover, if you are lucky and are able to enjoy a long mortal life then by investing in this policy you are also able to secure your own financial future along with your close ones. Hence, the plan provides you with double benefits of death security and brighter financial future.

New LIC Jeevan Anand is an innovative plan that comes into effect right after the first policy payment. The policy provides fiscal protection against death throughout the lifetime of the policy holder. Besides, if the policy holder survives then he/she is awarded with complete lump sum payment at the completion of the selected policy term. The policy also assists you with regards to liquidity needs with the help of loan facilities. Moreover, with an additional monthly payment you can also secure your family against accidental death and disability.

So, make an intelligent decision and step forward to embrace a secured future. With the help of LIC Table 815 plan you would always be ready to face all the challenges of life and experience a safe and secured financial future.

BENEFITS AND FEATURES

Maturity Benefits

LIC re-launched Table 149 as New Jeevan Anand Table 815, which comes with a host of maturity benefits and is designed to suit the changing economic conditions of the end period. Hence, it provides double benefits of security and wealth. So, while you as a policy holder get to financially secure your family members in the case of your untimely death, you are also provided the opportunity to amass wealth that would make you richer at the end of the policy term.

The Maturity Benefits provided by this insurance plan differs according to the plan chosen. They primarily include Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus if any. Any policy holder who has paid all the premium amounts till the very end of the policy term can enjoy these benefits and live a comfortable old life.

To avail the manifold maturity benefits of LIC Table 815, the policy holder is advised to pay all the premium amounts on time.

DEATH BENEFIT

LIC’s New Jeevan Anand provides a single lump amount payable to the beneficiary on behalf of the deceased Jeevan Anand policy holder. The death benefit could also be termed as survivor benefit as it is basically meant for the survivor of the annuitant. The policy provides an opportunity to the policy holder to financially secure his/her family in the case of an untimely demise. To benefit from the scheme the policy holder would have to pay all the premiums on time. The death benefits come into effect right after the first premium payment.

The basic death benefits include :

On Death during the Policy Term : If the policy holder suffers an untimely demise then his beneficiary would get a lump sum beneficiary amount also known as death benefit. The death benefit would include “Sum Assured on Death” along with vested Simple Reversionary Bonus. Final Additional bonus, if any would be paid along with the Sum Assured on Death. Here “Sum Assured on Death” would be a percentage higher than 125% of Basic Sum Assured or would be equal to 10 times of annualised premium. The death benefit would be in excess of 105% of all the premiums paid as on date of demise.

Service tax, extra premium and rider premiums (if any) would not be counted in the above mentioned premiums.

On death of policyholder at any time after policy term: If the policy holder suffers an untimely demise after the completion of the policy period then his/her beneficiary would get the Basic Sum Assured.

OPTIONAL BENEFIT

LIC’s New Jeevan Anand policy provides optional benefits in the form of accidental death and disability benefit to aid the policy holder along with his/her beneficiary. This is an optional rider.

LIC’s Accidental Death and Disability Benefit Rider: Any policy holder of this scheme could benefit from the LIC’s Accidental Death and Disability Benefit Rider by paying an additional premium in the course of the policy term. This plan is specifically designed for people who work in accident prone zones. This rider provides two kinds of benefits

Death due to Accident: If the policy holder suffers an accidental death during the course of the policy period then his/her beneficiary would be provided Accident Benefit Sum Assured as a lump amount along with the death benefit under the basic plan.

Permanent Disability due to Accident: If the policy holder suffers a permanent disability due to an accident then an amount equal to the Accident Benefit Sum Assured would be paid in equal monthly instalments spread over a 10 year period. Moreover, the future premiums for Accident Benefit Sum Assured along with premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy shall be waived. However, the policy holder would have to claim his disability within a 180 day period from the date of accident to avail this rider.

Jeevan Anand Bonus

LIC’s New Jeevan Anand policy provides bonus to the policy holders in the form of participation in profits. LIC believes its policy holders to be members of its family and is happy to share its profits from time to time in the form of additional benefits. These bonuses come under two categories- Simple Reversionary Bonuses and Final (Additional) bonus.

Simple Reversionary Bonuses: Under the declaration of LIC’s Jeevan Anand, the policy would participate in the profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during the policy term provided the policy is in full force. Hence, the policy holders could look forward to bonuses while enjoying the security of life.

Final (Additional) Bonus: This is a final onetime lump sum bonus that may be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run the specific minimum period.