LIC's new Jeevan Anand plan is a complete life insurance plan with various benefits. As the name suggests, it provides coverage till the death of the insured even after the maturity of the Whole Life Endowment Plan. This makes Jeevan Anand a perfect blend of endowment plan and whole life plan.

If you are searching for an endowment plan that offers the benefits of a whole life policy then LIC Jeevan Anand is the best option. Jeevan Anand policy provides bonus facility. It is a type of double death benefit plan that guarantees the benefits developed if the insured survives till the end of the maturity date. This arrangement includes high reward rates, normal premiums and even unprecedented liquidity facilities.

By searching in LIC New Jeevan Anand's Points of Interest, you will come to know what the terms and conditions of the policy are of benefit to you in the long term. As indicated by the scheme, the total amount the protected person receives and in addition to the reward received as maturity benefit, it must be remembered that the life insurance cover up to the death of the insured is valid. The additional sum insured is paid when the life insured person dies. In this manner it becomes clear why LIC Jeevan Anand Policy is an endowment plan and whole life plan.

What happens if the insured dies before the policy or before the expiry of the premium payment period? At that time, the nominee appreciates the entire amount and the bonus included, when the nominee receives the full amount, that policy terminates. As per the terms of the LIC Jeevan Anand policy, a disability benefit and an additional accidental death benefit are provided to the policy holder till his 70th birthday.

Jeevan Anand - Key Features

1. LIC Jeevan Anand is a traditional participating whole life plan.
2. The plan provides an option to the insured to pay regular premiums.
3. On survival to the end of the plan period, the maturity benefit is paid to the insurance holder and the scheme remains in force.
4. Death Benefit: In the case of death of the insured, a sum assured is paid to his nominee.
5. Top up covers added as riders available on payment of nominal premium amount.
6. Tax rebate is also available in this scheme.

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