LIC's Jeevan Anand Plan is a whole life insurance plan that provides life insurance coverage until the death of the policyholder even after premium payments end, and also offers accident coverage up to age 70 as well as the option of a critical illness rider. The document provides details on eligibility, premium payment terms, benefits including maturity payments and death benefits, examples of how the plan works, and background on LIC as the insurer.

1. LIC’s Jeevan Anand Plan – Table 149
By Ravi Kumar,
Financial Advisor
Blue Sapphire Financial Services
Mobile: 9900113820 / 9900253820
Email : ravi.kumar@bsfinancials.com
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2. LIC’s Jeevan Anand Plan – Table 149
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This plan is a combination of Whole Life and End
Assurance Plan
Even after the premium paying term is over, risk cover
continues till the death of the policy holder
Accident Benefit is available during the premium
paying term and thereafter up to age 70 years.
The maximum accident benefit cover available under
this plan is Rs.5 lacs.
Option of Critical illness rider is also available under
this plan
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3. LIC’s Jeevan Anand Plan – Table 149
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Title
Value
Comment (if any)
1
Minimum age of entry
18 years
completed
2
Maximum age of entry
65 years
3
Maximum PPT Mat. Age
75 years
4
Minimum Prem. Term
5 years
5
Maximum Prem. Term
57 years
-
6
Minimum S.A.
Rs. 1 lac
-
No limit
-
Yly, Hly, Qty /
Monthly
Yly rebate – 3%
Hly rebate – 1.5%
7
8
Maximum S.A.
Modes allowed
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4. LIC’s Jeevan Anand Plan – Table 149
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Maturity Benefits: At the end of premium
paying term, S.A. is payable and Final
Additions (if any)
Death Benefits:
◦ If death occurs after the premium paying
term an additional amount equal to the
S.A. is payable and NO BONUS is payable
◦ If death occurs before the premium
praying term, S.A. plus accumulated Bonus
payable
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5. LIC’s Jeevan Anand Plan – Table 149
Case 1:
Mr. Vijay aged 25 years takes a Jeevan Policy for 25 years
for 5 lacs. On maturity, maturity he will get
approximately Rs.10,87,500. However, policy risk
continues till Mr.Vijay is alive.
Case 2:
If Mr. Vijay passes away at the age of 60 years, his
nominee at the age of 60 yrs, his nominee will get
Rs. 5 lacs + 5 lacs = 10 lacs.
Case 3:
If he passes away during the PPT, his nominee will get Rs.5 lacs +
accrued bonus till Mr.Vijay’s death.
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6. LIC’s Jeevan Anand Plan – Table 149
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India’s largest Insurance company
Winner of some of the most prestigious
awards such as CNBC Awaaz, Outlook Money,
Golden Peacock, etc.
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Total Assets of Rs. 13,17, 416 crores
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Life Fund in excess of Rs.11,51,200 crores
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More than 53 different products
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More than 16 crore policy holders
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7. LIC’s Jeevan Anand Plan – Table 149