LIC New Jeevan Anand is a non-linked participating insurance plan and provides both protection and savings. LIC Jeevan Anand also provides loan facility to policyholders and it will pay a lump sum after completion of policy in the case of policyholder survival.
LIC New Jeevan Anand 815: LIC New Jeevan Anand policy provides insurance for the entire life of the insured person. LIC Jeevan Anand policy is whole life risk coverage policy even after maturity and full payout at maturity. Here you can know New Jeevan Anand 815 key features, benefits, insurance plans, claim process, and premium calculator etc. Key Features of LIC New Jeevan Anand plan: • New Jeevan Anand is a traditional endowment plan. • Benefits payable after completion of policy term: At the end of the policy term, the below shall be payable Basic sum Assured + Vested simple reversionary bonuses + Final additional bonus. • It provides the regular premium payments option. • Participation in profits: The LIC New Jeevan Anand shall participate in profits of the company and receive simple reversionary bonuses. • Jeevan Anand policy revived within a period of 2 years from the date of unpaid premium. • This insurance extent 1.25 times of sum assured as well as a bonus based on the term selected. Benefits of LIC New Jeevan Anand Plan: New Jeevan Anand plan offers many benefits for the policyholder. Here you can know the benefits offered by the LIC New Jeevan Anand plan. • Death Benefit: Death during the policy term, the policy holder will get sum Assured on death+ Final Additional bonus if any shall be payable + Vested simple reversionary bonoses. Death after policy term the policy holder will get basic sum assured. • Loan: LIC New Jeevan Anand Plan provides loan facility to the policyholders. It will be available after three premium payments. • Maturity benefit: Basic Sum Assured + Vested Simple Reversionary bonuses + Final Additional bonus if any, shall be payable on the survival at the end of policy term. • Revived: If the premium is not paid in the grace period, the lapsed insurance policy can be renewed within a period of 2 years from the date of unpaid premium. New Jeevan Anand Endowment plan Eligibility conditions: Here you can get the eligibility conditions of New Jeevan Anand plan. • The minimum Entry age is 18 years and maximum 50 years. • The sum assured is minimum – Rs. 1, 00,000/- and there will be no limit on the maximum sum assured. • The policy term is minimum 15 years and maximum 35 years. • Policyholder can select premium payment mode as yearly, half – yearly, quarterly, monthly mode. • Maximum maturity age is 75 years and covers ceasing age is 70 years. • The renewal period of policy is 2 years. New Jeevan Anand claim process: After completion of policy term the assured can claim the insurance policy. In the case of sudden death of the policyholder, the nominee can claim instead of life assured. The required documents for the claim the LIC New Jeevan policy are shown below. • Original policy bond • NEFT form • Discharge from • Accident and disability proof • Title proof • Bank pass book Xerox • Death certificate. So, here you can know the New Jeevan Anand 815 insurance plan such as features, benefits, LIC Jeevan Anand endowment plans, and claim process. You can calculate the premium amount by using a premium calculator.
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