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LIC Jeevan Anand

LIC Jeevan Anand is a good whole life plan. It has the outstanding returns and extremely beneficial plan that is a combination of the entire Life Plan as well as the most accepted Endowment guaranteed Plan. In the various discussions LIC Jeevan Anand acts as one of the LIC’s most accepted endowment plan.

The two components of the plan are, A policy holder, Whole life feature.

POLICY – HOLDER: The policy – holder of the LIC Jeevan Anand should choose the policy’s duration and during this they should pay the premium. After the premium – payment period is over, the endowment part ends and the policy-holder gets back the sum assured and also the bonuses. If the policy-holder dies in an accident then twice the sum assured is paid to the nominee. The accident gain is obtainable till the policy-holder turns 70.

WHOLE LIFE FEATURE: The nominees get the sum assured when the policy-holder dies. With this feature you will get the money twice.

FEATURES OF THE PLAN: The various features of the LIC Jeevan Anand are,

Features: the plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. The plan provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death. Moderate Premiums High bonus High liquidity Savings oriented. Premiums are usually payable for the selected term of years or until death if it occurs during the term period. This poLICy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.

Special Features: Being an endowment assurance poLICy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the poLICyholder’s life or in any other way he may think most suitable at that time.
Bonuses
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. 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

Plan Highlights
Features
LIC’s Jeevan Anand is a With Profit assurance plan. The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. Jeevan Anand Policy provides pre-decided Sum Assured and bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.
Key Features: Snecial Features
• Moderate Premiums
• High bonus
• High liquidity
• Savings oriented.
Jeevan Anand Plan Premiums are usually payable for the selected term of years or until death if it occurs during the term period. This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.

The plan has two components. A policy-holder first chooses the policy’s duration during which the premium is to be paid.
When the premium-paying period is over, the endowment part ends and the policy-holder gets back the sum assured and bonuses.
then, the whole-life feature takes over and the nominees get the sum assured when the policy-holder dies. Simply put, you get money twice.
jeevan anand also comes with a built-in accident benefit. If the policy-holder dies in an accident, twice the sum assured is paid out to the nominees. The accident benefit is available till the policy-holder turns 70.
Loans will be granted against the policy’s surrender value after at least three years’ premiums have been paid. The interest on the loans will be fixed by lic at the time of application for the same.
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