LIC Jeevan Anand Plan 2023

By Shalini Bhardwaj May 26, 2023 1:41 AM IST

LIC Jeevan Anand Plan 2023 – If you are planning to invest in the Jeevan Anand policy of LIC (Life Insurance Corporation), then here we are telling you its benefits. Maturity benefit is available in this policy (LIC Jeevan Anand Policy) and benefits are available even after the death of the nominee, in this case LIC’s Jeevan Anand policy can be a better option for you. The premium term and the policy term are the same in this policy. That is, you can pay premiums for the term of your policy. By depositing around Rs 1400 in a month in the policy, you will get Rs 25 lakh.

LIC Jeevan Anand Plan 2023

LIC Jeevan Anand Plan 2023

New LIC Jeevan Anand Plan 2023

LIC Jeevan Anand Policy: 2X Bonus

2 times bonus is available in this policy (LIC Jeevan Anand Policy) but for 2 times bonus the policy should be 15 years old. On the other hand, if the person dies during the policy, then the nominee will get 125% of the death benefit of the policy. If the policyholder dies after the expiry of the term of the policy (Life Insurance Corporation), then he/she will get an amount equal to the sum assured.

Jeevan Anand Plan – Minimum Sum Assured Rs. 1 Lac

The minimum sum assured in this policy (LIC Jeevan Anand Policy) is Rs 1 lakh and there is no limit on the maximum sum assured. There are 4 riders in this policy (Life Insurance Corporation). Such as Accidental Death and Disability Rider, Accident Benefit Rider, New Term Assurance Rider, and New Critical Illness Benefit Rider, etc. These policies can be taken for 5, 10 and 15 years. In this you can take advantage of tax exemption.

Jeevan Anand Plan – Maths:

If you have taken a sum assured of Rs 5 lakh at the age of 35, then the term of your policy (LIC Jeevan Anand Policy) is 35 years, then your annual premium will be Rs 16,300. You can pay the equal premium half-yearly, quarterly and every month. A total of Rs 5.70 will be deposited in 35 years. That is, by depositing about Rs 1400 in a month, you will get a total of Rs 25 lakh on maturity. In this, the basic sum assured will be Rs 5 lakh. A revision bonus of Rs 8.60 lakh and a final additional bonus of Rs 11.50 will be given.

death benefit :

Provided all due premiums have been paid, the following death benefits will be paid: On death during the policy term: Death Benefit, defined as the Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Wherein, Sum Assured on Death is defined as 125% of Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of all premiums paid on the date of death.

The premium mentioned above is exclusive of service tax, extra premium and rider premium, if any. On death of the policyholder at any time after the policy term: Basic Sum Assured Benefit payable at the end of the policy term: Basic Sum Assured, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, policy term Payable in lump sum on survival to the end of the term provided all due premiums have been paid.

Profit Sharing:

The policy (LIC Jeevan Anand Policy) shall 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 (Life Insurance Corporation) provided the policy is in full force.

Final (Additional) bonus under the plan (LIC Jeevan Anand Policy) may also be declared in the year when a death claim or survival benefit is due for payment during the term of the policy, provided the policy is in full be applicable and run for some minimum period.

LIC Jeevan Anand Plan 2023 – Optional Benefits

LIC’s (Life Insurance Corporation) Accidental Death and Disability Benefit Rider: LIC’s Accidental Death and Disability Benefit Rider is available as an optional rider on payment of additional premium during the policy term. In case of accidental death during the policy term, the Accident Benefit Sum Assured will be payable as a lump sum along with the death benefit under the basic plan (LIC Jeevan Anand Policy).

Life Insurance Corporation Policy Update

In case of accidental permanent disability arising out of accident (within 180 days from the date of accident), an amount equal to Accident Benefit Sum Assured will be paid in equal monthly installments over 10 years and future premiums for Accident Benefit Sum Assured shall be paid as well as the premium for that part of the Basic Sum Assured which is equal to the Accident Benefit Sum Assured under the policy shall be waived off.

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