LIC Jeevan Anand Plan

The New Jeevan Anand Plan from LIC is a non-linked participating plan that provides an excellent combination of protection and savings. This combination provides financial protection against death during the policyholder's lifetime and a lump-sum payment at the conclusion of the set policy term if the policyholder survives. This LIC Plan also addresses liquidity requirements with its borrowing facility. Benefits: Death Amount: Assuming all premiums have been paid in full, the following death amount is payable: Death amount, defined as the sum of Sum Assured on Death, vested Simple Reversionary Bonuses, and Final Additional Bonus, if any, is payable upon death within the policy period. Sum Assured on Death is equal to the greater of 125% of the Basic Sum Assured or 10 times the annualised premium. This death amount must equal at least 105% of all premiums paid as of the date of death. The premiums listed above exclude any applicable service tax, additional premium, and r...