New Jeevan Anand LIC Plan is
non linked Plan of Life insurance corporation which Offers premium holder dual
benefit of Protection and saving. Under this LIC Plan of Jeevan Anand which is
table No. 815 provide financial protection to the premium holder against death
throughout the lifetime validity. This is the most sold endowment plan of LIC
because its provide risk cover even after the maturity up to 100+ year. This
plan also provides double accidental benefit to premium holder in case of
accidental death up to 70 years of age of holder.
Plan Parameters
|
Age of Entry
|
18 to 50 years
Calculate your Age |
|
Premium
Paying Mode
|
Yearly, Half Yearly,
Quarterly, Monthly (ECS Only)
|
|
Policy
Term
|
15 to 35 Years
|
|
Basic
Sum Assured
|
100000 and above ( in
multiple of 5000)
|
|
Policy
Revival
|
within 2 year
|
|
Rebate
|
2% on yearly, 1% on Half
Yearly, Nil on Quarterly
|
|
Loan
|
After 3 years
|
|
Surrender
|
After 3 years of full
premium payment
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Terms and Eligibility
Conditions of Jeevan Anand Policy
|
Entry age
|
·
Minimum age – 18 years(completed)
·
Maximum age – 50 years(Nearest Birthday)
|
|
Policy Term
|
·
Minimum term – 15 years
·
Maximum term – 35 years
|
|
Sum Assured
|
·
Minimum – Rs.1,00,000
·
maximum – No limit
|
|
Premium paying modes
|
·
Monthly (SSS, ECS), Quarterly, Half yearly,
Yearly
|
|
Maximum Age of Maturity
|
·
75 years(Nearest Birthday)
|
|
Maximum Cover Ceasing age
|
·
70 years(Nearest Birthday)
|
|
Grace Period
|
·
If the Premium is not paid within the time
then a delay of 30 days for Yearly, Half-Yearly and Quarterly modes and 15 days for
monthly mode is extended to pay the premium amount which is grace period.
|
LIC New Jeevan Anand Policy Rebates
|
Sum Assured
|
Rebate
|
|
Rs.1,00,000 to Rs.2,00,000
|
NIL
|
|
Rs.2,00,000 to Rs.4,95,000
|
For every Rs.1000, Sum assured is Rs.1.50
|
|
Rs.5,00,000 to Rs.9,95,000
|
For every Rs.1000, Sum assured is Rs.2.50
|
|
Rs.10,00,000 and above
|
For every Rs.1000, Sum assured is Rs.3.00
|
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