Thursday, April 19, 2012

Lic Jeevan Anand

Lic Jeevan Anand (Plan 149) Introduction

LIC Jeevan Anand policy is a unique life and endowment insurance policy. Jeevan Anand LIC is one of those policies that are suitable for all people of almost every age and belonging to almost all categories of social strata. For people who is the sole bread winner and is worried about the family being provided after he is no more, Jeevan Anand LIC policy is the perfect answer. Even in case of the death of the policy holder during the term, the sum assured will be payable after the term ends.

LIC Jeevan Anand policy requires that premium is paid as per the number of years agreed in the policy or till death. This policy also provides accident coverage and also death and injury benefits in case of occupational hazards.

Jeevan Anand LIC Policy Details

Entry age of LIC Jeevan Anand policy is 18 years minimum and 65 years maximum. LIC Jeevan Anand policy features mention that the sum assured should be minimum 1,00,000 without any upper limit. The tenure of the term of this policy can extend from 5 years to 57 years. The mode of policy payment can be yearly, half yearly, quarterly, monthly or salary deductions. Sum assured would be in multiples of 5,000. The actual sum assured would map to the basic sum assured.

LIC Jeevan Anand Premium Calculator

LIC Jeevan Anand maturity amount calculator will give you the details of how much premium you need to pay yearly, monthly, quarterly, or half yearly after you feed in your date of birth and select the term of policy and sum assured.  Just go to the official website of for the LIC Jeevan Anand Premium Calculator.

LIC Jeevan Anand Policy Benefits

LIC Jeevan Anandbonus will be added to the sum assured as a risk coverage. LIC Jeevan Anand review reveals that the maturity benefit of the policy includes sum assured plus bonus plus FAB when paid at the end of the premium paying term. In LIC Jeevan Anand plan death benefit, even if death occurs before the premium paying term is completed, the whole sum assured plus bonus plus FAB is payable at the end of the term. But no bonus is paid if death occurs after the completion of the premium paying term. LIC's Jeevan Anand also includes accident benefit all through the premium paying term and even after that till the age of 70 years. Other benefits include revival of policy in case it gets lapse due to non-payment of premium over a period. Also, surrender of policy is allowed in case one finds difficulty in continuing with the premiums and would want to withdraw the money. There is no term rider and also taking loans, be it house loan or policy loan, is possible. Keeping all the benefits under consideration LIC Jeevan Anand policy might be known to give you lesser returns compared to other investment options such as ULIP and MF, but undeniably most people agree that it is the best option to secure one’s future.

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