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Life Insurance Corporation of India policy has been gaining popularity in India for many years. LIC makes various policies available to attract customers. Recently LIC Jeevan Anand Policy has released a life endowment plan. It offers many benefits to the policyholders during the term. The insurance cover remains in effect even after the premium payment is overdue.

Life Insurance Corporation of India policy has been gaining popularity in India for many years. LIC makes various policies available to attract customers. Recently LIC Jeevan Anand Policy has released a life endowment plan. It offers several benefits to policyholders during the term. The insurance cover remains in force even after the premium payment is overdue. Daily only Rs. Experts say that through an investment of 45, policyholders can get a substantial return of Rs 25 lakh over a period of 35 years. This term policy offers not only bonus, death benefits but also additional benefits like accidental death, disability rider for extra protection. In this background let's know more details about LIC Jeevan Anand policy.

LIC Jeevan Anand policy offers flexible premium payment options. The policy allows surrender after two years. Jeevan Anand guarantees reliable returns and a comprehensive protection plan with a focus on safe financial planning. In case of death of the policyholder due to an accident, the additional cover amount of the policy is Rs. 5 lakhs will be provided. Moreover, in case of an accident resulting in permanent disability of the policyholder, the sum insured is paid in installments.These additional benefits offered under LIC Jeevan Anand do not incur any additional charges on the premium amount. This policy provides an opportunity to deposit Rs.25 lakhs in 35 years by depositing Rs.1,358 every month. It is a daily deposit of Rs. equal to 45. It is a long term investment plan spanning from 15 to 35 years. 

The LIC Jeevan Anand policy scheme has two bonuses, over 35 years of Rs. 5,70,500 total deposit amount can be availed. After maturity the policyholder will get an additional Rs. 8.60 lakh revisionary bonus, Rs. 11.50 lakhs will be eligible for final bonus. The policy must have a minimum tenure of 15 years to be eligible for these bonuses. The policy provides benefits like Accidental Death, Disability Rider, Accident Benefit Rider, New Term Insurance Rider, New Critical Benefit Rider. In the unfortunate event of the death of the policyholder, the nominee can receive 125 percent of the death benefit. However, tax exemption benefits are not available in this policy. 

LIC Jeevan Anand Plan Features

• A traditional endowment policy offers a sum assured plus additional bonuses
• If the policyholder dies the sum assured goes to the nominee
• Option for additional top-up covers with nominal amount
• Provides financial protection for the lifetime of the insured
• Offers a lump sum at the end of the selected term period. 
• The minimum entry age for this policy is 18 years. Maximum entry age is 50 years. 
• The basic sum assured is Rs.1,00,000.
• A loan option can also be availed after three years of taking this policy.