LIC Jeevan Anand

Jeevan Anand policy information helps you to choose the right plan for your financial goals.

Let's discuss the LIC Jeevan Anand Policy in detail.

Key Features of LIC Jeevan Anand Policy

Below are core features of the Jeevan Anand policy offered by LIC of India that provides protection and stability for your loved ones overseas.

• LIC Jeevan Anand is a single plan which offers life insurance protection and long-term savings.

• On surviving the insurance period, you will receive the Basic Sum Assured along with bonuses and the Final Additional Bonus (if declared).

• One of the best features of Jeevan Anand insurance is that the life cover remains even after the maturity benefit is given.

• In case of the death of the Policyholder within the policy term, the Nominee shall receive the corresponding death benefit together with qualifying bonuses.

• The Jeevan Anand plan shares in LIC’s earnings and is eligible for Simple Reversionary Bonuses and Final Additional Bonus.

• You have the option to purchase additional rider benefits for more protection at an additional charge.

• It is designed for NRIs in the UK to accumulate savings in India and secure a long-term financial future for their family.

Eligibility Criteria for LIC Jeevan Anand Policy

Understanding the Jeevan Anand Policy details may help you to know whether this plan is a good option for your long-term financial objectives in India.

Benefits of LIC Jeevan Anand

Death Benefit: In case of death of the policyholder within the policy term, the nominee will be paid the corresponding death benefit plus any bonuses accumulated.

• Amount on Death (Guaranteed): 125% of Basic Sum Assured or 10 times the annualised premium whichever is greater subject to a minimum of 105% of total premiums paid.

Maturity Benefit: On survival of the policyholder to the end of the policy term, a lump sum maturity amount is payable to him/her, thereby making Jeevan Anand plan perfect for long-term financial objectives.

• Bonuses: Sum Assured (Basic)

• Accrued Simple Reversionary Bonus

• Final Additional Bonus (if declared)

Tax Benefits: Premiums and benefits of this plan may be eligible for tax benefits as per the existing tax laws under Sections 80C and 10(10D) of the Income Tax Act.

Optional Riders: Optional riders like the LIC Accidental Death Benefit Rider and Disability Benefit Rider can be added to the Jeevan Anand insurance to provide extra financial security.

Grace Period of LIC Jeevan Anand Plan

The Jeevan Anand plan offers 30 days of grace time for premium payments (yearly, half-yearly, and quarterly) and 15 days for monthly mode. If the premium is not paid during the grace period, the insurance expires. However, normally the policy may be resurrected within 2 years from the date of the first delinquent payment by paying the outstanding premiums and related costs.

LIC Jeevan Anand Policy Free Look Period

For NRIs in the UK, LIC Jeevan Anand provides a 15-day free look period, which allows you to assess the insurance after purchasing. If you are not happy with the contents of the Jeevan Anand insurance, you may cancel the policy during this time, provided no claim has been filed.

Jeevan Anand Policy Surrender Benefits

You will receive a surrender value on the Jeevan Anand policy after paying the premiums for a minimum of 3 complete insurance years. Surrender value is a proportion of the premiums paid minus rider premiums. Guaranteed surrender value includes qualifying Simple Reversionary Bonuses.

Sample Illustration Of LIC Jeevan Anand

If you are an NRI residing in the UK and are looking to develop long-term savings and safeguard your family in India, then the example below demonstrates what the LIC Jeevan Anand plan may look like. This is an example to understand the policy and is not a quotation.

The premium and translation to GBP are for illustrative purposes only and may vary according to exchange rate, age of life insured, underwriting and policy conditions.

To get a personalised premium estimate, you may use the Jeevan Anand calculator for insurance premiums.

least 3 complete years.

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