Jeevan Anand is an insurance plan introduced from 1st February, 2002 by LIC Of India. This plan is a combination of the Whole life plan and the most popular Endowment Assurance Plan.

LIC Jeevan Anand provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium paying term,
but the risk cover on the life continues till death. The premium is paid till the premium paying term or
till the death of the life assured, whichever is earlier.

Features :
1. Being a whole life cum endowment plan, the premium payment is limited to the selected
term, but the risk cover continues till death of the life assured.
2. Maturity Benefit : At the end of Premium Paying Term, Sum Assured plus Bonus is
payable with Final Additional Bonus if any.
3. Death Benefit :
(A) If death occurs after the premium paying term an additional amount equal
to Sum Assured is payable & no Bonus is payable.
(B) If death occurs before the Premium Paying Term, Sum Assured plus accumulated Bonus
is payable.
4. Double Accident Benefit :- On death due to accident extra sum assured would be payable.
5. Permanent Disability Benefit :- In case of disability due to accident following would be payable.

  • Future premiums are waived.
  • Annuity (Pension) for next 10 years = SA / 120. payable monthly.
  • Insurance cover continues and maturity would be payable after completion of term .

6. Bonuses: Simple Reversionary Bonus accrues during the PPT and is payable at the end
of the PPT or on earlier death along with Final Additional Bonus, if any. No Bonus is paid on death
after the PPT.
7. This policy provides for a built-in DAB (without paying any additional premium), during
the PPT and then up to age 70 yrs of age of the LA.
The maximum Accident Benefit allowed under this plan is Rs. 5 lacs (exclusive limit)
8. Critical Illness Rider Benefit is available. Covering Heart Attack, Stroke, Cancer, Kidney Failure,
Major Organ Transplant, Paralysis, 3rd Degree Burns, Blindness, Coronary Artery By-Pass Surgery
Heart Valve Replacement or Repair, Aorta Graft Surgery.
9. Loan can be taken against this policy.
10. Backdating of policy is allowed.
11. Housing loan can be taken against this policy.
12. Policy can be surrendered for its paid-up value after a period of 3 years.


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