Lic jeevan aanand
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The LIC New Jeevan Anand Plan is an endowment and whole life insurance policy that provides lifelong coverage with a maturity benefit paid at the end of the policy term. The plan offers a sum assured upon the policyholder's death and additional benefits, including accident coverage and critical illness riders, with various eligibility conditions and payment modes. Tax benefits on premiums and returns are available under specific sections of the Income Tax Act.
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Lic jeevan aanand
- 2. LIC New Jeevan Anand Plan LIC New Jeevan Anand Plan is an Endowment Cum Investment whole life Insurance Cover Plan. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. New Jeevan Anand Plan Provides Insurance cover up to 100 Years age and Incase of Unexpected Death of Policy holder nominee will receive the benefits. You can also say that its double benefit plan, Because you will receive maturity amount after complitetion of term and after that also Insurance Cover available equal to Your Sum Assured Value.
- 3. Features of LIC New Jeevan Anand Its an Endowment plan with lifetime risk coverage and High bonus. Maturity benefit is Basic Sum assured with Bonus. But the policy continues till death of life insured. On the death of life insured or on the completion of 100th age, a Sum assured will be paid again. Accidental Death Benefit is available with this policy on some additional cost. This plan can be provided to people with hazardous occupation with some additional premium. An optional Critical Illness Rider can be availed with some extra cost.
- 4. LIC New Jeevan Anand Eligibility Conditions Conditions Minimum Maximum Sum assured in (RS) 1,00,000 No Limit Policy term (in years) 15 35 Entry age of life insured 18 50 Age at Maturity - 75 Payment modes Yearly, Half-yearly, Quarterly, Monthly and SSS.
- 5. Benefits of LIC New Jeevan Anand Maturity Return • Life cover continues till death Death Benefit • On death after policy maturity, Sum assured will be paid Income Tax Benefit • Available under Section 80 C and Section 10 (10D). Loan on Policy • Available after payment of 3 full year premium Housing Loan Surity • Available
- 6. Benefits of LIC New Jeevan Anand Maturity Return - Basic Sum Assured with Vested simple reversionary Bonus and Final Additional Bonus (if any) will be given on Policy maturity. Life cover continues till death Death Benefit- On the death of the life insured before policy maturity, Sum Assured on Death ( 125% of SA or 10 times Annual Premium whichever is higher) with Bonus and Final Additional Bonus (if any) will be paid. On death after policy maturity, Sum assured will be paid.
- 7. Benefits of LIC New Jeevan Anand Income Tax Benefit - Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns Loan on Policy - Available after payment of 3 full year premium. Housing Loan Surity - Available
- 8. THANK YOU…