LIC Jeevan Anand 3 Lakh Policy

LIC Jeevan Anand 3 Lakh Policy is an ideal way of availing life insurance plan without burdening your pockets. Along with affordable premiums, the plan offers several benefits that make it a perfect choice for providing your family with a financial shield.

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What is LIC Jeevan Anand 3 Lakh Policy?

LIC Jeevan Anand 3 Lakh Policy is an endowment plan offered by LIC of India that offers an amazing combination of savings and protection.This combination provides financial security of Rs. 3 Lakhs to your against death throughout the policyholder’s lifetime with the provision of lump sum payment at the last of the chosen policy tenure in case of his/her survival.

In addition to this, the policyholder has the option to enhance their coverage by availing of additional riders available under the plan

Eligibility Criteria of LIC Jeevan Anand 3 Lakh Policy

Parameters Minimum Maximum
Entry Age 18 years 50 years
Maturity Age 75 years
Policy Tenure 15 years 35 years
Sum Assured Rs. 1,00000 No Limit

What are the Benefits of Buying LIC Jeevan Anand 3 Lakh Policy?

LIC New Jeevan Anand is a traditional life insurance plan, that comes with several benefits including:

  • Death Benefit:

    In case the policyholder dies during the policy term, the nominee of the policy will receive a death benefit which will be equal to “Sum Assured on Death” plus Final Additional Bonus and vested Simple Reversionary Bonuses, if applicable.

  • Maturity Benefit

    In case the policyholder survives till the end of the policy term, the “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, will be paid.

  • Optional Benefit of availing Death benefit in installments

    If the policyholder wants, he can opt for the optional benefit of availing of the death benefit in installments wherein the nominee receives the death benefit in installments over the chosen period of 5 or 10, or 15 years.

  • Enhanced Benefits through Riders

    LIC Jeevan Anand allows you to enhance your protection through additional riders namely (i) LIC’s Accidental Death and Disability Benefit Rider, (ii) LIC’s Accident Benefit Rider, (iii) LIC’s New Term Assurance Rider & (iv) LIC’s New Critical Illness Benefit Rider.

Sample Illustration of LIC Jeevan Anand 3 Lakh Policy

Take a look at the LIC Jeevan Anand policy example premium illustration for an amount insured of Rs. 3 Lakhs with a 20-year policy period. The premium costs for policyholders in various age categories are listed below. Look at this:

Age of the Policyholder Premium Payment Mode
Annually Half-yearly Quarterly Monthly
20 years 17,118 8,649 4,369 1,457
30 years 17,979 9,083 4,589 1,530
40 years 19,469 9,837 4,969 1,656

How to Buy LIC Plans from Policybazaar?

Follow the below steps to buy LIC Plans from Policybazaar:

Step 1: Firstly, go to the Life Insurance Corporation of India.

Step 2: Fill out the form with your name and contact number, and click on “view plans”.

Step 3: Enter your current age and the residing city.

Step 4: You can customize the amount you want to invest and the tenure of your investment.

Step 5: Choose the plan as per your preference and proceed to make an online payment.

Wrapping it up:

LIC Jeevan Anand 3 Lakh Policy is a traditional life insurance policy that is designed to protect your loved ones financially after your demise. After your unfortunate demise, the plan will pay the death benefit of Rs. 3 Lakh & above to your family which will help them continue living their life. This affordable life insurance plan is an ideal way to ensure financial stability without burdening your pockets.

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