LIC Jeevan Anand Policy: In LIC Jeevan Anand policy one can get a benefit of Rs 25,000, 000 on a premium of Rs 1, 400.
LIC Jeevan Anand Policy: If you want to invest in such a plan of LIC, where maturity benefit is also available and the nominee also gets death benefit, then Jeevan Anand policy can be better for you. The premium term and the policy term are same in this policy. This means that for the number of years for which the policy is in force, the premium will be paid for the same number of years. If you are above 18 years of age then you can buy this policy. Know, what are the other benefits of this policy…
Get Two Types of Bonuses
You get two types of bonuses in this policy. The older the policy, the higher the benefit of vested Simple Revision Bonus. Apart from this, it is necessary for the policy to be of 15 years to avail the additional bonus. On the other hand, if the person dies during the policy, then the nominee will get a death benefit of 125% of the sum assured. If the policy holder dies after the term, the nominee will get an amount equal to the sum assured.
Minimum Sum Assured Rs 1 lakh
Talking about the minimum sum assured under this policy, it is up to one lakh rupees and there is no limit on the maximum sum assured. There are 4 riders available with this policy namely Accidental Death and Disability Rider, Accident Benefit Rider, New Term Assurance Rider and New Critical Illness Benefit Rider.
This benefit is available on maturity
Under this policy, the maturity or death benefit can be taken in lump sum or in installment. You can take some part in lump sum or in installment. This installment can be for 5, 10 and 15 years. Apart from this, the benefit of tax exemption is also available on this policy.
Maturity calculation
According to the LIC premium calculator, if you have bought a sum assured of Rs 5 lakh at the age of 35 years and the policy term is 35 years, your annual premium will be Rs 16,300. Half yearly premium will be Rs 8200, quarterly premium will be Rs 4200 and monthly premium will be Rs 1400. The total deposit amount in 35 years will be Rs 5.70 lakh. Based on the existing bonus, you will get a total of Rs 25 lakh on maturity. In this, Basic Sum Assured 5 Lakh, Wasted Simple Revisionary Bonus Rs 8.60 Lakh, Final Additional Bonus Rs 11.50.
What is the rule regarding grace period?
Under this policy, if the insured pays the premium every month, the grace period is 15 days and there is a grace period of 30 days if the premium is deposited quarterly, half yearly and annually. The policy can be surrendered on completion of 2 years. You can also take a loan against this policy after 2 years.
