LIC Jeevan Anand 5 Lakh Policy

LIC Jeevan Anand 5 Lakh policy is a traditional life insurance plan, which provides financial coverage against death throughout the lifetime up to Rs. 5 Lakhs. Along with the lifetime of the policyholder's life coverage, the plan also offers maturity benefits to those policyholders who outlive the policy tenure. 

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What is LIC Jeevan Anand 5 Lakh Policy?

Life Insurance of India launched Jeevan Anand 5 Lakh policy which is designed to provide the dual benefits of savings and life coverage to the policyholder up to Rs. 5 Lakhs. The premiums of this New Jeevan Anand 5 Lakhs policy are also affordable, which allows you to ensure financial stability for your family without burdening your pocket.

Eligibility Criteria of LIC Jeevan Anand 5 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

Why Should You Buy LIC Jeevan Anand 5 Lakh Policy?

LIC Jeevan Anand 5 Lakh Policy offers several benefits to the policyholder that makes it one of the best sources of providing financial security to your loved ones. Below mentioned are the reasons that you should definitely consider buying the LIC Jeevan Anand plan.

  • Provides Dual Benefit of Life Coverage and Savings

    LIC Jeevan Anand 5 Lakh policy is a combination of savings and life protection, which means that the plan will provide financial protection to your family in case of your unfortunate death and, if you survive the policy term, the plan will give you a maturity benefit.

  • Enhanced Protection through Riders

    The plan comes with four additional riders, namely LIC Accidental Death and Disability Benefit Rider, LIC Accident Benefit Rider, LIC New Term Assurance Rider & LIC New Critical Illness Benefit Rider that help you to avail protection against the uncertainties of life. One can enhance their coverage by paying additional premiums at the time of inception of the policy or at the time of renewal.

  • Financial Coverage against death throughout the lifetime

    The plan provides life coverage throughout the lifetime, regardless of the policy tenure. For example, if you bought a plan with 15-year policy tenure, and you died after the 20-years, then also your family will be eligible to get the death benefit.

Sample Illustration of LIC Jeevan Anand 5 Lakh Policy

Take a look at the sample premium illustration of a 30-year-old male, who chose to buy LIC Jeevan Anand for a policy term of 25 years.

Premium Payment Mode Annually Half-yearly Quarterly Monthly
Premium Payable (in Rs.) 22,633 11,439 5,780 1,927

Summing it up:

With LIC Jeevan Anand 5 Lakh policy you can secure the financial future of your family without burdening your pockets. The premiums paid for the 5 Lakh Jeevan Anand policy are affordable and ensure that your loved ones are under a financial safety net.


  • Q: What is the grace period of LIC New Jeevan Anand policy?

    Ans: The policy comes with a grace period of 30 days from the date of the first unpaid premium.
  • Q: Can I take loans against LIC New Jeevan Policy?

    Ans: Yes, the plan offers a loan facility to the policyholders.
  • Q: Do LIC Jeevan Anand offer Tax Benefits?

    Ans: Yes, under the Income Tax Act 80C, one can avail of tax benefits against the premiums paid under LIC Jeevan Anand 5 Lakh policy.
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