Lic Jeevan Anand Policy Details – LIC is one of the most important parts of our life, you must have heard about LIC at some point of time, someone in your house must have a LIC policy.
Today we will know the complete information about the LIC Jeevan Anand policy.
But the best policy plan has been done for us, it makes us very eager to go and always we want that whenever we take a policy plan, then there should not be any kind of problem in our future, take that kind of policy plan.
Lic Jeevan Anand Policy Details – Keeping all these things in mind, LIC companies have brought the Jeevan Anand policy.
And what are the benefits you will get, today we will know all this, so definitely read this post till the end and know the complete information about LIC Jeevan Anand Policy Insurance?
Lic Jeevan Anand Policy Details
LIC Jeevan Anand policy is a plan in which you are promised protection as well as savings at the same time. It is a traditional plan.
Under the Jeevan Anand policy plan, you also get a lot of bonuses and the risk cover under this plan continues even after the policy term. is paid in full.
|start date||table no||Product cover||Bonus||UIN|
|9 October 2013||815||Endowment||Yes||512N279V01|
At the time of taking the policy, the policyholder must choose the cover amount and the term of the policy. The premium is determined on the basis of the policyholder’s age, the policy term, and the Sum Assured. The chosen premium is paid to the policyholder till the policy term is completed. Till then it has to be filled.
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Lic Jeevan Anand Policy Details – Maturity benefit is also paid by LIC if the policyholder pays all his premiums on time and survives till the end of the policy term.
In this plan, the policyholder is paid Sum Insured + End Accrued Policy Bonus + Final Additional Bonus (if in this plan) as Maturity Benefit.
After this, anytime the policyholder dies, even if it happens before the policy term, then the Sum Insured is paid again to the nominee under the death benefit.
Benefits of LIC Jeevan Anand Policy
You get many benefits in this plan, that is why this LIC will help you a lot in the coming time, let’s know about all those benefits one by one.
1. Maturity Benefit: Lic Jeevan Anand Policy Details
Under this plan, you get a Maturity Benefit which we also call Maturity Benefit in which you are paid Basic Sum Assured + Deposit Bonus + Final Audition Bonus (if any then in this plan).
2. Death Benefit: Lic Jeevan Anand Policy Details
The term of death in this plan of LIC Jeevan Anand policy is dependent on permit choices such as –
If the policyholder dies due to any reason during the policy term itself then the nominee is paid Sum Assured on Death + all suppressed bonuses + Final Audition Bonus (if any). And if near the policy term In the event of the death of the policyholder, the Basic Sum Assured is paid to the nominee.
Whatever is the Sum Assured on Death, all of them are selected whichever is the highest among the following.
125% of Basic Sum Assured 105% of the premium paid till death 10 times the annualized premium
3. GET A BONUS
The declaration of Simple Reversionary Bonus under this LIC policy depends on the performance of the LIC companies and the Final Addition Bonus is available on the maturity of the plan or on death.
LIC Jeevan Anand Policy Features
Lic Jeevan Anand Policy Details – Friends, now we will know about the different features of the LIC Jeevan Anand policy that we get with this plan.
LIC Bonus is announced in this policy which greatly increases your benefit payout. In this policy, you have to pay the premium for the entire policy term. This policy gives you a Sudden Death Benefit and Divyang Talab Writer You can also take a loan under the policy if you get this Jeevan Anand policy plan surrender value. By listening to High Amount Sum Insured, you get a lot of discounts in premiums, and even if you pay premiums annually and half-yearly, you get a discount in many ways.
Conditions or restrictions for taking LIC Jeevan Anand policy
|Sum Assured (in Rs.)||1,00,000||No limits|
|Policy term (in years)||15||35|
|Premium paying term (in years)||05||57|
|Entry age of the policyholder (from last birthday)||18 years||50 years|
|Maturity age (in years)||–||75|
|payment mode||Annual, Half Yearly, Quarterly, Monthly|
Discounts available on LIC Jeevan Anand policy
Lic Jeevan Anand Policy Details – Under this scheme, you also get exemptions in many ways, due to which you do not have to pay tax and you only benefit, let’s know about those exemptions.
Premium: Under this policy, all the heavy premiums are given a lot of exemption under section 80C of the Income Tax Act.
Keep in mind one thing that to claim this exemption, your premium paid should be 10% of the Sum Assured.
Maturity Benefit: The maturity benefit under LIC Jeevan Anand policy is exempted under Section 10(10D) of the Income Tax Act, the Sum Assured should be 10x of the premium paid to clear this exemption.
Death Benefit: The death benefit received under this policy will be exempted under Section 10(10D) of the Income Tax Act.
There is no limit on the amount to claim.
Additional Info about LIC Jeevan Anand Policy
Paid Up Value: In the policy, if you have paid the premium for at least 3 years in full, then this policy turns into a paid-up policy. The amount is reduced in proportion to the premium paid and the actual devi man.
Surrender Value: Under this plan, if the policyholder wants, he can surrender his policy and get its surrender value, but friends surrender value is applied only when you have paid the full premium of 3 years before at the time of your policy.
Lic Jeevan Anand Policy Details – On surrendering the policy, the highest of both the Guaranteed Surrender Value and the Special Surrender Value, which is paid, is calculated in this way.
Guaranteed Surrender Value: (Full Premium Paid x Guaranteed Surrender Value) + (Accrued Bonus x Guaranteed Surrender Value of Bonus)
Special Surrender Value: Its cane is always determined by the company on its overtime performance.
Free Look Period: If you are not happy during this policy then you can also discontinue this policy that means when you buy the policy then you get 15 days free look period in which you can check this policy properly. If you do not like it, then you can also close this policy.
Documents Required for LIC Jeevan Anand Policy
Lic Jeevan Anand Policy Details – Before taking a policy, there should be complete information about it because there are many people who understand everything but due to not having the necessary documents, they are able to take that policy, so it is very important that any kind of What documents do you need to buy a policy?
The duly filled form and signature of the proposal of the same policy will have to be given to pay the first premium or cash own passport size photo validity identity card validity address proof date of birth proof validity income certificate. Thanks for reading Lic Jeevan Anand Policy Details.
Q1. What is Lic Jeevan Anand Policy Details?
Jeevan Anand policy is a traditional policy which brings us many benefits in our future, this plan helps us in many ways.
Q2. Which is the best LIC policy?
lic tech term plan number 854
Q3. What are the benefits of the Jeevan Anand policy?
Jeevan Anand policy has many benefits which include maturity benefit, death benefit, etc.
Q4. What is Jeevan Labh Policy?
Jeevan Labh policy is a non-linked scheme policy, in this policy you get a lot of benefits, and you can get good returns in this policy with minimum investment.
Lic Jeevan Anand Policy Details – In today’s time, there is no hope for the future, we don’t know what will happen to us tomorrow and if someone is with us, it is only LIC. LIC promises to give us financial security in our bad times.
In the same way today we know about LIC Jeevan Anand policy details completely, and know about all its benefits.