LIC Jeevan Anand Plan

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LIC Jeevan Anand Plan LIC Jeevan Anand Policy is a whole life protection cum endowment assurance plan. The plan provides a lifetime financial protection to the insured along with the provision of payment of lump-sum as maturity benefit at the end of the selected tenure in the case of survival.

Transcript of LIC Jeevan Anand Plan

LIC Jeevan Anand PlanLIC Jeevan Anand Policy is a whole life protection cum endowment assurance plan. The plan provides a lifetime financial protection to the insured along with the provision of payment of lump-sum as maturity benefit at the end of the selected tenure in the case of survival.

Key Features of LIC Jeevan Anand • 1. This is an LIC endowment plan assurance cum whole life plan• 2. Offers a Pre-decided sum assured at the end of the specific term.• 3. The plan offers risk coverage for the whole life of the insured. • 4. Jeevan Anand is a with profit life insurance policy.• 5. The policy can be bought for the maximum tenure of 57 years.

Benefits of LIC Jeevan Anand Plan

Death Benefit-• In the case of demise during the selected term, a sum assured along with

allotted bonus is payable in lump-sum to the beneficiary of the policy.

Survival Benefit-• A sum assured along with accrued bonus is paid in lump-sum on survival until

the end of the policy tenure. Moreover, an additional sum assured is also payable on death afterward.

Accidental Benefits-• An extra sum assured as an accidental death benefit is paid as lump-sum to the

beneficiary on death caused due to the accident. In the case of permanent disability due to accident, a lump-sum amount is paid in monthly installments.

Surrender Value-• A guaranteed surrender value is offered, on earlier termination of the policy. • This plan is most suitable for those insurance seekers who wants to have

lifelong protection along with savings.

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