LIC Jeevan Anand 225

It is designed for those who want long-term financial protection along with savings during their earning years.

About LIC Jeevan Anand 225

LIC Jeevan Anand 225 offers life insurance protection together with long-term savings under a single policy. On surviving the policy term, the policyholder receives the Sum Assured along with eligible Bonus and Final Additional Bonus (if any). Even after the maturity benefit is paid, the life cover continues for the whole life of the life assured without any further premium payments. If the life assured passes away during the policy term, the nominee receives the Sum Assured along with accrued bonus and the policy terminates. If the life assured passes away after maturity, the whole Sum Assured is payable.

Key Features of LIC Jeevan Anand 225

LIC Jeevan Anand is a savings and lifetime protection plan with the following features:

• Non-linked participating endowment plan with whole life insurance cover

• Life cover continues for the whole life even after the maturity benefit is paid

• Death during the policy term pays the full Sum Assured along with bonus

• Death benefit after the policy term pays the full Sum Assured

• Choice of Full Term, Limited Term (5 years), or Single Premium payment option

• Accident Benefit Rider available subject to eligibility and policy conditions

• Sum Assured rebate available for higher Sum Assured amounts

• The policyholder can choose one of the following premium payment options such as Full Term Premium, Limited Term Premium of 5 years, and Single Premium

• Premiums for up to 5 years may be paid in advance in a lump sum at a discounted rate. Any unutilised amount is refundable.

• After payment and adjustment of at least one full year's premium, the policyholder may transfer the policy for servicing to any branch of Life Insurance Corporation of India upon repatriation to India.

• Higher Sum Assured policies qualify for premium rebates-

Eligibility Criteria for LIC Jeevan Anand 225

The eligibility conditions determine who can purchase the policy and the available policy terms.

Benefits of LIC Jeevan Anand 225

LIC Jeevan Anand 225 provides benefits on maturity, death, and accidental events.

Maturity Benefit

Upon survival until the end of the policy term, the policyholder receives the full Sum Assured together with accrued Bonus and Final Additional Bonus (if any). After paying this, the policy continues to provide whole life insurance cover without further premiums.

Death Benefit During the Policy Term

If the life assured passes away during the policy period while the policy is in force, the full Sum Assured together with accrued Bonus is payable. The policy terminates after the claim is settled.

Death Benefit After the Policy Term

In case of demise of the life assured after the policy term, the nominee gets the whole Sum Assured. No bonus is payable on this benefit.

Accident Benefit Rider

The policyholder may choose the Accident Benefit Rider during the policy term or up to age 70, whichever is earlier.

• In case of accidental death, an additional amount equal to the Accident Benefit Sum Assured is payable.

• In case of total and permanent disability due to an accident, future premiums up to the Accident Benefit Sum Assured are waived.

• An amount equal to the Accident Benefit Sum Assured is paid in equal monthly installments over 10 years.

• If the policy becomes a claim before completion of the 10-year installment period, the remaining unpaid disability benefit is paid along with the claim.

• The maximum Accident Benefit Sum Assured is USD 100,000 per life assured across all eligible policies.

Policy Details of LIC Jeevan Anand 225

The policy includes several features that determine how it operates throughout the policy term.

Policy Loan

A loan can be availed after the policy acquires a paid-up value.

• Regular Premium policies become eligible after payment of premiums for at least 3 years.

• Single Premium policies become eligible after completion of 2 years from the commencement date.

Paid-Up Value

If premiums have been paid for at least 3 years and later discontinued, the policy automatically becomes a paid-up policy with a reduced Sum Assured. The reduced benefit is payable on maturity or on death, whichever occurs earlier.

FAQs