LIC New Jeevan Anand

Before you invest, you may check the specifics of the jeevan anand insurance and use the LIC Jeevan Anand calculator to calculate premiums and benefits depending on your age and coverage requirements.

Key Features of the LIC New Jeevan Anand Plan

Here are the key features of the LIC New Jeevan Anand Policy, offered by LIC of India, which provides lifelong protection and savings for its policyholders.

• LIC New Jeevan Anand is a participating, non-linked life insurance plan which gives you both protection and savings.

• It provides life insurance protection for the whole lifetime, delivering long-term financial stability to your family in India.

• It pays a lump sum on maturity if you are alive at the end of the set policy period.

• Provides the option to choose the frequency of premium payments as per your convenience.

• Helps you decide the insurance term for the period of financial protection you need.

• It enables you to receive qualified benefits in instalments.

• Optional riders can be purchased to provide you with additional protection and coverage.

• Provides a borrowing facility to help meet liquidity requirements without giving up the insurance.

Check the policy information and use the LIC Jeevan Anand calculator to know the premium and maturity advantages and then invest in the LIC Jeevan Anand policy.

Eligibility Criteria for LIC New Jeevan Anand Plan

Here are the eligibility criteria for NRIs in UAE to get a protection plan in India through the LIC New Jeevan Anand Policy.

Benefits of LIC New Jeevan Anand Plan

The LIC New Jeevan Anand policy gives financial stability to your family and long-term saving advantages. Are you an NRI in the UAE wanting to secure your family’s future in India? This Jeevan Anand insurance offers essential advantages, such as:

• Death Benefit: If all due premiums are paid, the following death benefits are available:

  • Before maturity (within the policy term): The candidate shall receive Death Benefit, i.e. the Sum Assured on Death, along with vested Simple Reversionary Bonuses and Final Additional Bonus (if any).

  • The Sum Assured on Death shall be the higher of:

    • 125% of the Basic Sum Assured or 7 times the annualised premium.

    • The death benefit will not be less than 105% of the sum of all premiums paid up to the date of death.

  • Annualised Premium implies the premium payable on an annual basis excluding taxes, rider premium, underwriting additional premiums and modal loading.

  • After the policy period (maturity): If the Life Assured dies after the policy has been due, the Basic Sum Assured is payable.

• Maturity Benefit: In case the Life Assured survives till the end of the policy term and all the premiums have been paid, the Basic Sum Assured will be paid as Sum Assured on Maturity along with vested Simple Reversionary Bonuses and Final Additional Bonus, if declared.

• Sharing in Profits: The policy participates in LIC’s profits and is eligible for Simple Reversionary Bonuses declared during the policy term provided the policy is in force.

Optional Rider Benefits In The LIC New Jeevan Anand Plan

LIC New Jeevan Anand offers you a choice to increase your cover by opting for optional riders on payment of an extra premium. You may add up to 3 riders on a single policy.

• LICs' Accidental Death and Disability Payout Rider: It pays a lump sum payout on accidental death. Accidental Disability (within 180 days): The rider is exempted from paying future qualifying premiums and pays monthly payments for 10 years.

• Accident Benefit Rider of LIC: Pays Accident Benefit Sum Assured in lump sum in case of accidental death during the tenure of rider.

• LIC’s New Term Assurance Rider: Pays an extra Term Rider Sum Assured if the Life Assured dies within the policy term.

• Critical Illness Health Add-on of LIC: Pays lump amount on diagnosis of covered severe diseases. 15 or 40 serious illnesses to pick from. The 40 Illness option also has an Assisted Living Benefit (ALB) that provides monthly income for certain conditions.

Premium Payment Mode in LIC New Jeevan Anand

The LIC New Jeevan Anand plan makes premium payment easy for NRIs in the UAE, offering numerous alternatives to fit your financial planning. Premium may be paid on an annual, half-yearly, quarterly or monthly basis (via NACH only). You may also go for the option of salary deductions for premium payments which will help you to maintain your Jeevan Anand insurance active throughout the policy term.

LIC New Jeevan Anand Grace Period

The LIC New Jeevan Anand plan has a grace period of 30 days for annual, half-yearly and quarterly premium payments and 15 days for monthly premium payments. During this time the insurance is still in place with full protection against risk. But if the premium is not paid within the relevant grace period, then the policy would terminate.

Wrapping It Up!

LIC New Jeevan Anand offers a mix of lifetime security and long-term savings to NRIs in the UAE. It could be the best option to secure your family’s future in India with maturity benefits, bonus participation, optional riders and flexible premium choices. Please go through the policy details and check the benefits using the LIC Jeevan Anand calculator before investing.

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