Term policy not only includes bonus and death benefit, but additional riders will also be provided. Apart from this, this policy gives investors the option of flexible premium payment. At the same time, the policy holder can also surrender this policy after two years.
LIC’s Jeevan Anand policy is a life endowment plan that offers a variety of benefits to policyholders. LIC’s plan also ensures that the premium payment continues to provide insurance cover even after the completion of the tenure. By paying a premium of just Rs 45 per day in this policy, the policyholder can get up to Rs 25 lakh in 35 years.
This term policy not only includes bonus and death benefits, but also has extra benefits like accidental death and disability rider for extra security. Apart from this, the policy provides flexible premium payment options and also allows surrender of the policy after two years.
If the policy holder dies in an accident, then he also gets an extra cover of up to Rs 5 lakh under the policy. Apart from this, if the policy holder becomes disabled due to an accident, then LIC tries to provide relief to the policy holder by paying the insurance amount in installments under this plan, so that his daily needs can be met. The special thing is that no extra charge is levied by LIC for all these extra benefits given under LIC Jeevan Anand.
Special features of LIC Jeevan Anand Plan
This policy of LIC gives sum assured and extra bonus. On survival, maturity benefit is paid and the policy remains active.
After the death of the policy holder, the sum assured is passed on to the nominee along with the nominal amount and the option of additional top-up cover is included.
A lump sum amount is given at the end of the chosen period. Anyone between the age of 18 to 50 years can invest in this plan.
The minimum age for this plan is 18 years and the maximum age is 50 years. The policy term is from 15 to 35 years and the basic sum assured is Rs 1,00,000.
Every year a discount of 2% is given in this plan and 1% discount is given every half year. In this plan of LIC, loan facility is also available after 3 years.
How to deposit Rs 25 lakh?
This policy offers the opportunity to deposit Rs 25 lakh in 35 years by depositing Rs 1,358 every month. This means that you have to deposit Rs 45 every day. This means that you have to invest for a long time between 15 to 35 years. This plan includes two bonuses, which include a total deposit of Rs 5,70,500 after 35 years and a basic sum assured of Rs 5 lakh.
On maturity, the policy holder gets a revisor bonus of Rs 8.60 lakh and a final bonus of Rs 11.50 lakh in addition to the deposit amount. To get these bonuses, the policy holder will need to invest for at least 15 years.
Apart from this, the policy offers benefits like Accidental Death and Disability Rider, Accidental Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider. In case of death of the policy holder, the nominee gets 125% of the death benefit. You do not get tax exemption in this policy.
