Sample Illustration of LIC Jeevan Anand 10 Lakh Policy

LIC Jeevan Anand 10 Lakh policy allows you to plan for your family's long-term financial needs. The plan offers the sum assured of Rs. 10 Lakhs and above and helps you to ensure that your family can continue to live independently after your demise.

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What is LIC Jeevan Anand 10 Lakh Policy?

LIC Jeevan Anand 10 Lakh Policy is a life insurance plan offered by LIC. The plan comes with a combined benefit of life insurance and savings, which ensures that your family doesn’t have to compromise when it comes to finances. This plan provides financial protection against demise throughout the life of the policyholder. And, if the policyholder survives the policy term, then he/she will receive the lump sum payment. In addition to this, the plan is one of the affordable ways to start saving your money to achieve your financial objectives. 

Eligibility Criteria of LIC Jeevan Anand 10 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

Benefits of Buying LIC Jeevan Anand 10 Lakh Policy

LIC Jeevan Anand Policy offers several benefits to the policyholder such as:

  • Avail Benefits of both Life Coverage and Savings

    This 10 Lakh LIC Policy combines savings and life protection and guarantees your family financial security of Rs. 10 Lakhs in the event of your untimely death. Also, if you live over the policy's term, the plan will pay you a maturity benefit.

  • Upgrade your Protection with Riders

    The plan includes four riders that enable you to obtain protection from life's uncertainties. By paying more premiums at the time the policy is first issued or when it is renewed, one can increase their level of coverage. The four available raiders are LIC New Term Assurance Rider, LIC Accidental Death and Disability Benefit Rider, LIC New Critical Illness Benefit Rider and LIC Accident Benefit Rider. 

  • Coverage against death throughout one's life

    Regardless of the policy tenure, the plan offers life insurance coverage for the whole lifetime. For instance, if you purchased a plan with a 25-year policy term and passed away after 30 years, your family would still be able to receive the death benefit.

Sample Illustration of LIC Jeevan Anand 10 Lakh Policy

Take a look at the LIC Jeevan Anand policy example premium illustration for an amount insured of Rs. 10 Lakhs with a 15-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 77,820 39,323 19,869 6,623
30 years 81,302 41,082 20,757 6,919
40 years 87,191 44,056 22,259 7,420

Who Should Buy LIC Jeevan Anand 10 Lakh Policy?

LIC Jeevan Anand 10 Lakh policy is an ideal plan for you if you are:

  • Only Breadearner of the family

    As a sole earning member, you must set financial plans for your family because once you are gone, your family will have no one to rely on. Hence, with a 10 Lakh LIC Jeevan Anand policy, you may guarantee that your family can be financially stable.

  • Looking for Financial Security 

    If you are the one looking for a long-term insurance plan that provides them with financial security and enables them to reach your financial goals, LIC Jeevan Anand is an ideal choice. The plan offers the maturity benefit along with guaranteed benefits that can be further utilized to fulfill your long-term objectives. 

  • Individuals Looking for secured Post-retirement life

    Investing in LIC Jeevan Anand can become a financial support in your post-retirement days. The amount you will receive at the maturity of the policy can help you to look after your day-to-day needs.

Summing it up

Safeguarding your and your family’s financial future with LIC Jeevan Anand 10 Lakh Insurance policy is one of the best things you can do for them. With LIC Jeevan Anand avail the dual benefits of life coverage and a way to follow a disciplined manner, and fulfill your financial milestones.

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