The Life Insurance Corporation of India (LIC) offers the Jeevan Anand Policy, a life endowment plan that provides multiple benefits, ensuring financial security and long-term savings. This policy continues to offer insurance coverage even after the premium payment term has ended.
By investing just Rs 45 per day, policyholders can accumulate Rs 25 lakh over a period of 35 years. The plan includes bonuses, death benefits, and optional riders such as the Accidental Death and Disability Rider for enhanced protection.
Key Features of LIC Jeevan Anand Policy
- Traditional Endowment Plan – Offers a sum assured along with additional bonuses.
- Maturity Benefits – The policyholder receives a lump sum amount upon survival through the policy term.
- Death Benefits – In case of the policyholder’s demise, the nominee receives the sum assured.
- Top-Up Cover – Allows for additional coverage at a nominal premium.
- Lifetime Financial Protection – Ensures financial security for the entire lifetime of the insured.
- Lump Sum Payout – Policyholders receive a large sum at the end of the term period.
- Profit Participation – The policy participates in LIC’s profits, potentially increasing returns.
- Flexible Premium Payments – Premiums can be paid in various modes (monthly, quarterly, half-yearly, or annually).
- Policy Surrender Option – The policy can be surrendered after two years if needed.
- Entry Age – The minimum age to apply is 18 years, while the maximum age limit is 50 years.
Rebate on Premium Payments
- Yearly Mode – 2% rebate on the tabular premium.
- Half-Yearly Mode – 1% rebate on the tabular premium.
Accidental Death & Disability Benefits
- In case of accidental death, the LIC Jeevan Anand Policy provides an additional coverage of up to Rs 5 lakh.
- If an accident results in permanent disability, LIC ensures financial assistance through installment-based disbursements to meet ongoing expenses.
- These benefits are provided without any extra charges on the premium amount.
Investment Details: How to Get Rs 25 Lakh?
- Daily Contribution: Rs 45
- Monthly Investment: Rs 1,358
- Policy Term: 35 years
- Total Deposit Over 35 Years: Rs 5,70,500
- Basic Sum Assured: Rs 5 lakh
- Bonuses Earned:
- Revisionary Bonus: Rs 8.60 lakh
- Final Bonus: Rs 11.50 lakh
- Total Maturity Amount: Rs 25 lakh
Jeevan Anand Policy Bonus Details
This scheme offers two types of bonuses:
- Revisionary Bonus – Earned annually throughout the policy term.
- Final Bonus – Paid at the end of the policy term.
To qualify for these bonuses, the policy must be held for a minimum tenure of 15 years.
The LIC Jeevan Anand Policy is a safe and profitable long-term investment, making it an excellent option for those seeking financial security with assured returns.
