Jeevan Anand (915)

Jeevan Anand is a life insurance product of LIC (Life Insurance Corporation of India). This is an endowment or traditional plan- which means it is not linked to stock market. The return on investment will be based on the profit of LIC and thereafter the declaration of bonus rate for the particular product. This is a whole life endowment plan- which means you will get risk cover even after the maturity of policy. To know about this policy let us start with its features:

 Minimum Sum Assured: 100000

 Maximum Sum Assured: unlimited (with special medical reports and income proof)

 Policy Term: 15 years to 35 years.

 Minimum Entry Level Age: 18 years completed

 Maximum Entry Level Age: 50 years in nearest birthday

 Maximum Maturity Age: 75 years

 Maximum Accidental Death and Disability benefit rider applicable up to age of 70 years

 Maturity Benefit: Sum assured + Bonus + Final Additional Bonus (for illustration keep on reading)

 Minimum years to pay premium: 2years (after paying premium for 2 years one can stop paying premium; your money will be safe to withdraw or for loan

 Loan and Surrender: after 2 years of policy period considering there is no unpaid premium in first 2 years of policy period.

 Revival: Policy can be revived within 5 years of lapsation.

 Benefit illustration:

Milan Yadav an entrepreneur, has purchased Jeevan Anand of Sum assured 3000000 INR at the age of 30 years for 35 years term after considering following benefit illustration ( Tables are best visible in Landscape view in mobile media):-

All of these maturity is tax free under income tax act 10 (D)

*all maturity projection is based on current rate of bonus paid by LIC.