Is Jeevan Anand still available?

LIC Jeevan Anand was launched on 1st Feb 2002 and was discontinued on 30th September, 2013. It has been replaced with a similar plan with better features.

Is Jeevan Anand unit linked?

The New Jeevan Anand Plan from Life Insurance Corporation of India (LIC) is a non-linked, participating, life insurance policy.

What is maturity amount for Jeevan Anand?

Maturity benefit would be equal to the Sum Assured + Bonus Amounts which have been received throughout the policy term + any Final Addition Bonus if declared. Now whenever the death of the policyholder happens (even after the policy term), the nominee will additionally get the Sum Assured amount as the Death Benefit.

Is New Jeevan Anand a good policy?

LIC’s New Jeevan Anand is a good life insurance plan for your family. It offers an attractive combination of savings and protection. The cover provided is available throughout the lifetime of the policy. In addition, this plan comes with a loan facility as well.

Is the new Jeevan Anand a DND plan?

This may override DND registration. LIC’s New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings.

Are there any additional bonus rates for Jeevan Anand?

Final Additional Bonus rates applicable for Jeevan Anand plan is as follows. In case of maturity, the term of the policy is considered and on the other hand, in case of death cases, period till death is considered. Read more : Bonus rates declared by LIC for the year 2018-19.

What happens if the insured of Jeevan Anand dies?

If the insured dies during the term of the plan, the Sum Assured and the Accumulated Bonuses would be paid and the plan would be terminated. We will explain the working of Jeevan Anand with an example : Suppose Arun who is 35 years old buys a Jeevan Anand policy of Rs. 1 lakh (Sum Assured) for a 25 years (Term).

Which is the example of LIC New Jeevan Anand?

We will explain the working of LIC New Jeevan Anand with the help of an example. Example – Naveen, aged 35 years, buys LIC’s New Jeevan Anand Plan. Policy term = 20 years. The Annual Premium comes to Rs. 30,273 inclusive of all taxes which is payable for the entire duration of 20 years.