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In in the meanwhile’s article, we'll give you full particulars regarding the Life Insurance Corporation of India’s plan for New Jeevan Anand. The desk number of the model new Jeevan Anand plan is 915. Earlier, the desk amount for this plan was 815. If one is looking out for an endowment plan that gives benefits for a lifetime protection, then choosing the LIC New Jeevan Anand plan is your best option. We provides you all of the information related to this plan in easy language so that everytime you buy this plan, there shall be no disadvantage understanding its benefits and risks.
The LIC New Jeevan Anand Plan is a non-linked collaborating specific particular person plan that comes with a selected bonus facility. This is a kind of double lack of life revenue plan. which ensures the sum assured to an insured specific particular person even after the maturity time, which signifies that the insured stays insured even after maturity.
This insurance coverage protection protection presents the dual benefit of security along with monetary financial savings. The plan provides financial security throughout the event of the lack of lifetime of the life insured and as well as provides a lump sum amount throughout the event the actual particular person survives on the end of the protection time interval. It is taken into account to be one of many essential trendy endowment plans of the Life Insurance Corporation of India.
| Plan Name | LIC Jeevan Anand Plan |
| Policy Type | Endowment |
| Plan aspect | Plan No. 915 |
| UIN | 512N279V01 |
LIC’s New Jeevan Anand is an environment friendly life insurance coverage protection plan for you and your family members. It presents a fairly combination of monetary financial savings and security. Lifelong cowl is on the market on this protection. This plan moreover comes with the facility of a mortgage.
| Minimum | Maximum | |
| Basic Sum Assured | Rs. 100,000 | No limit |
| Entrance Age | 18 years (Completed) | 50 years (nearest birthday) |
| Maturity Age | N/A | 75 years (nearest birthday) |
| Policy Term | 15 years | 35 years |
Given underneath are various the most important paperwork that are required for any specific particular person to be insured as per the plan.
You should buy this LIC plan in every offline and on-line mode.
Offline Mode: You ought to make contact with LIC brokers.
Online Mode: You ought to go to the official site at www.licindia.in
Let us make clear this plan to you with an occasion.
| Sum Assured | 5,00,000 |
| Policy Term | 21 years |
| Age | 28 12 months |
| Policy Purchase Year | 2022 |
| Yearly Premium | Rs. 27,454 |
| Maturity Benefit Amount | Rs. 11,02,000 |
Option Revival:
Under this plan, if the price is simply not made for the following 6 months from the due date of the protection, then the protection lapses.
The lapsed protection could also be revived anytime inside the following 5 years from the due date by depositing the wonderful premium and curiosity collectively.
Rider Option:
Some extra rider revenue decisions are moreover obtainable to the insured throughout the new Jeevan Anand protection. The main premium amount plus some extra premium should be paid to buy these riders.
The riders obtainable on this plan are:
Term Rider
Accidental Death and Disability Benefit Rider
Rider with a Premium Advantage
Optional Paid-up Capital:
If premiums have been paid for at least 2 years and premiums have not been paid thereafter, the protection will buy a paid-up value. Under the protection, the Basic Sum Assured is lowered to such an amount, which often known as the Paid-up Sum Assured.
Option to Surrender Value:
Sometimes an insured is unable to pay the premium for the protection. In such a state of affairs, the insured has the selection of surrendering the protection. But the premium for that protection has been paid in full for at least 2 years.
Loan Option:
A mortgage alternative may be obtainable throughout the new Jeevan Anand protection. If an insured immediately desires money, then he can take a mortgage in opposition to the premium deposited on that protection. The protection must have been achieved a minimal of two years previously, at which degree solely that pay mortgage might presumably be availed. The benefits of the protection proceed as with the mortgage. The insured can deposit the curiosity on the mortgage in six months along with deposit the curiosity and principal amount collectively when the money comes.
Maturity Benefit
LIC Jeevan Anand Plan Maturity Benefit means the sum insured shall be paid as Maturity Benefit along with vested Simple Reversionary Bonuses and a final additional bonus, if any, on completion of the protection of the insured.
Death Benefit
In the event of the lack of lifetime of the insured in the midst of the protection time interval, the sum assured, along with vested simple reversionary bonuses and a final additional bonus (if any), shall be paid to the nominee.
The Advantage of Premium Payment Mode
The plan presents folks the facility to pay premiums month-to-month, quarterly, half-yearly or yearly.
Premium Mode Discount:-
Tax Benefit
The LIC Jeevan Anand policy-915 provides tax benefits on the premiums paid to the insured along with the claims acquired. This revenue is related under half 80C and half 10(10) of the Income Tax Act.
Death Benefit Claim:
The nominee entitled to say the lack of life has to submit the claims kind given by LIC along with the distinctive insurance coverage protection protection doc to the LIC office. In addition, the nominee shall be required to supply all related paperwork, equal to checking account particulars, lack of life certificates, medical treatment particulars sooner than lack of life, and plenty of others.
The specific particular person policyholder has to submit a filled-in declare kind throughout the title of the policyholder that is linked to the distinctive protection bond. In addition, the particular person policyholder has to supply checking account particulars for NEFT change of the maturity amount.
The insured has to submit the stuffed declare kind along with the distinctive protection bond. The monetary establishment particulars for NEFT change to get the quit amount could even be required.
If the life assured commits suicide at any time inside 12 months from the date of commencement of menace, LIC will not entertain any declare moreover to the extent of 80% of the premiums paid under this protection. Will do
If the life assured commits suicide inside 12 months from the date of revival, the amount which may be considered for declare is as a lot as 80% of the premiums paid as a lot because the date of lack of life, supplied the protection is in drive.
I hope you acquire all the knowledge regarding LIC Jeevan Anand Plan–915 on this article of ours.
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