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LIC New Jeevan Anand
Plan
Table no 815
LIC New Jeevan Anand
Plan
Double benefit Endowment with Whole life
plan.
In this plan, Sum assured with Bonus will be
paid back on maturity.
But the policy will continue till the death of the
life insured or they complete 100 years of age,
whichever occurs earlier.
A Sum assured will be paid to the nominee when
the life insured expires after the policy term.
LIC New Jeevan Anand
Plan
So it provides a risk coverage throughout
the life of the insured person.
An Accidental Death Benefit rider is
available with some extra cost in this
policy till the age of 70 years.
Special feature of this plan is High bonus,
High liquidity and Savings oriented.
Key Features
Endowment cum whole life plan.
Life Cover continues till death.
Simple Reversionary Bonus is payable on
maturity or earlier death.
Optional Rider – Accidental Death and
Disability Benefit Rider
LIC New Jeevan Anand
Plan Benefits
Maturity Benefit –
On survival till the end of the Policy Tenure,
the Policyholder gets the BasicSum Assured +
accrued Simple Reversionary Bonus + Final
Addition Bonus as Maturity Benefit and the
policy continues to provide Life Coverage to
the Insured for the rest of his life.
LIC New Jeevan Anand
Plan Benefits
Death Benefit –
In case of death of the Life Insured, Before the end of the
Policy Term, the Sum Assured on Death + accrued Simple
Reversionary Bonus + Final Addition Bonus are paid to the
nominee as Death Benefit and the policy is terminated
The Sum Assured on Death has been defined as higher of
125% of Basic Sum Assured or 10 times the Annualized
Premium
After the Policy Term, only the Basic Sum Assured is paid as
Death Benefit whenever the Life Insured dies and the policy
gets terminated thereafter
LIC New Jeevan Anand
Plan Benefits
Income Tax Benefit –
Life Insurance premiums paid up to Rs. 1,50,000
are allowed as a deduction from the taxable
income each year under section 80C. The
Maturity Benefit is also tax free under section
10(10)D subject to fulfilment of all terms and
conditions.
Eligibility of
LIC Jeevan
Anand
Premium Payment
Term: Regular Term
Minimum Sum
Assured: Rs 100,000
per annum
Premium Payment
Mode: Yearly, Half
Yearly, Quarterly or
Monthly
Data Minimu
m
Maximu
m
Minimum
Entry Age
18 Years 65 years
Policy
Term
5 75 minus
Age at
Entry
Thank you…
www.thepolicykart.co
m

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Lic new jeevan anand plan (table no. 815)

  • 1. LIC New Jeevan Anand Plan Table no 815
  • 2. LIC New Jeevan Anand Plan Double benefit Endowment with Whole life plan. In this plan, Sum assured with Bonus will be paid back on maturity. But the policy will continue till the death of the life insured or they complete 100 years of age, whichever occurs earlier. A Sum assured will be paid to the nominee when the life insured expires after the policy term.
  • 3. LIC New Jeevan Anand Plan So it provides a risk coverage throughout the life of the insured person. An Accidental Death Benefit rider is available with some extra cost in this policy till the age of 70 years. Special feature of this plan is High bonus, High liquidity and Savings oriented.
  • 4. Key Features Endowment cum whole life plan. Life Cover continues till death. Simple Reversionary Bonus is payable on maturity or earlier death. Optional Rider – Accidental Death and Disability Benefit Rider
  • 5. LIC New Jeevan Anand Plan Benefits Maturity Benefit – On survival till the end of the Policy Tenure, the Policyholder gets the BasicSum Assured + accrued Simple Reversionary Bonus + Final Addition Bonus as Maturity Benefit and the policy continues to provide Life Coverage to the Insured for the rest of his life.
  • 6. LIC New Jeevan Anand Plan Benefits Death Benefit – In case of death of the Life Insured, Before the end of the Policy Term, the Sum Assured on Death + accrued Simple Reversionary Bonus + Final Addition Bonus are paid to the nominee as Death Benefit and the policy is terminated The Sum Assured on Death has been defined as higher of 125% of Basic Sum Assured or 10 times the Annualized Premium After the Policy Term, only the Basic Sum Assured is paid as Death Benefit whenever the Life Insured dies and the policy gets terminated thereafter
  • 7. LIC New Jeevan Anand Plan Benefits Income Tax Benefit – Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C. The Maturity Benefit is also tax free under section 10(10)D subject to fulfilment of all terms and conditions.
  • 8. Eligibility of LIC Jeevan Anand Premium Payment Term: Regular Term Minimum Sum Assured: Rs 100,000 per annum Premium Payment Mode: Yearly, Half Yearly, Quarterly or Monthly Data Minimu m Maximu m Minimum Entry Age 18 Years 65 years Policy Term 5 75 minus Age at Entry