LIC Jeevan Anand Plan
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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.