LIC Jeevan Anand Plan

LIC Jeevan Anand Plan is a participating non-linked plan that offers a combination of protection and savings. It provides financial protection against death throughout the lifetime of the policyholder with the provision of lump sum payment at the end of the selected policy term in case of survival.

LIC Jeevan Anand Plan

Jeevan Anand offers a combination of protection and savings. The plan not only provides a lump sum amount at the end of the policy term but also offers continued life cover even after the policy term, ensuring lifelong financial security. 

LIC Jeevan Anand Plan

The policyholder can choose a policy term ranging from 15 to 35 years, and the sum assured can be customized based on the individual's financial goals and requirements. This flexibility allows policyholders to tailor the plan to their specific needs.

LIC Jeevan Anand Plan

In case of the unfortunate death of the policyholder during the policy term, the nominee receives the death benefit, which is the sum assured on death along with vested bonuses. After the policy term, the risk cover continues, providing an additional death benefit to the nominee 

LIC Jeevan Anand Plan

Upon surviving the policy term, the policyholder receives the maturity benefit, which includes the basic sum assured along with vested simple reversionary bonuses and a final additional bonus, if any. This lump sum amount helps in fulfilling financial goals such as children's education or retirement planning.

LIC Jeevan Anand Plan

LIC Jeevan Anand is a participating plan, meaning it is eligible for bonuses declared by LIC. These bonuses, such as the Simple Reversionary Bonus and Final Additional Bonus, are added to the policy and enhance its overall value, making it a profitable investment.

LIC Jeevan Anand Plan

Policyholders can avail of a loan against the policy to meet emergency financial needs. The loan amount is a percentage of the surrender value of the policy, providing liquidity without having to surrender the policy. 

LIC Jeevan Anand Plan

Premiums paid under the LIC Jeevan Anand Plan are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity proceeds and the death benefits are tax-free under Section 10(10D), making the plan a tax-efficient investment.

LIC Jeevan Anand Plan

Policyholders can choose from multiple premium payment options, including monthly, quarterly, half-yearly, or annually. This flexibility allows individuals to select a payment mode that suits their financial situation and ensures ease of payment. 

LIC Jeevan Anand Plan

To enhance the coverage, policyholders can opt for additional riders such as the Accidental Death and Disability Benefit Rider, Critical Illness Rider, and Term Assurance Rider. These riders provide extra protection against unforeseen events and ensure comprehensive coverage.