LIC Jeevan Anand Plan: You will get 25 lakhs on depositing Rs 1400, know the specialty of LIC’s Jeevan Anand policy
Are you someone who’s always been on the lookout for a perfect life insurance policy? Look no further because LIC Jeevan Anand Plan is here to fulfil all your needs. With just a deposit of Rs 1400, you can get up to 25 lakhs! Sounds too good to be true, right? But that’s not it! There’s more to this policy than meets the eye. In this blog post, we’ll take you through the features and benefits of LIC Jeevan Anand Plan that make it one of the most sought-after policies in India. So sit back, relax and read on to know what makes this policy so special!
What is the LIC Jeevan Anand Plan?
The LIC Jeevan Anand policy is a type of life insurance policy offered by the LIC. It is known for being one of the most comprehensive plans available, with a range of benefits and features.
The LIC Jeevan Anand policy offers a range of benefits, including accidental death coverage, complete financial protection in the event of death, and support for children education. The policy also comes with a number of specialty benefits, such as cancer coverage and retirement savings options.
To get the best deal on a LIC Jeevan Anand policy, it is important to know what these policies specialize in. Some policies may specialize in accident coverages only, while others may offer more comprehensive protection in the event of death. It is also important to consider whether you want life insurance or funeral insurance; some policies offer both options. To find out more about the specific features and benefits offered by a LIC Jeevan Anand policy, speak to an adviser at your nearest branch office.
How Does LIC Jeevan Anand Work?
LIC Jeevan Anand is one of the most popular life insurance policies in India. It offers a wide range of benefits, including death cover, accidental cover and long-term protection. The policy has a unique feature called ‘Jeevan anand’ which ensures that you will receive lakhs if you deposit Rs 1 crore into the policy. Here is everything you need to know about LIC Jeevan Anand:
What is LIC Jeevan Anand?
LIC Jeevan Anand is a life insurance policy offered by the LIC. It provides death cover, accidental cover and long-term protection. The policy has a unique feature called ‘Jeevan anand’. This ensures that you will receive lakhs if you deposit Rs 1 crore into the policy.
How does Lic Jeevan Anand work?
If you die within the first 90 days of thepolicy term, your family members will receive lakhs as per the agreement between LIC and your beneficiaries. If you die after 90 days but before the end of the term, your beneficiaries will receive 50% of the value of your Policy plus interest at 12%. If you die after the end of the term, your beneficiaries will receive 100% of the value of your Policy plus interest at 12%.
Is LIC Jeevan Anand Right for Me?
Lic Jeevan Anand is a life insurance policy that offers you a guaranteed return on your investment, along with other benefits. It offers a guaranteed annual return of 9% on the premium paid. The policy has a coverage period of 10 years, and will pay out Rs 1 lakh in case of death during the term of the policy.
The specialty of LIC’s Jeevan Anand policy is that it loans you money against the value of your policy. This money can be used to cover any unexpected expenses that may arise during the term of the policy. In addition to this, LIC Jeevan Anand also offers an interest free loan facility for up to Rs 2 lakh.
What are the Benefits of Lic’s Jeevan Anand Policy?
What are the benefits of LIC’s Jeevan Anand policy?
If you have a valid LIC Jeevan Anand policy and make a minimum deposit of Rs 1 lakh, you will be rewarded with a bonus of up to Rs 2 lakh. The speciality of the LIC Jeevan Anand policy is that it offers a higher bonus for deposits made in multiples of Rs 10,000. For example, if you deposit Rs 20,000, your bonus would be Rs 2,000. If you deposit Rs 40,000, your bonus would be Rs 4,000. In addition to the bonus amount, you will also receive interest on the deposited amount from the time your insurance policy is activated.
The LIC Jeevan Anand policy has additional benefits over other policies. For example, if there is an emergency where you need to withdraw money from your account quickly, you will not have to pay any fees associated with other banking services. Another benefit of the Lic Jeevan Anand policy is that it gives members access to over 21 branches across India. This means that you can easily access your money when necessary.
How to Apply for the LIC Jeevan Anand Plan?
The LIC Jeevan Anand policy is one of the most popular life insurance policies in India. The policy offers a sum assured of Rs 1 crore. The policy premium is Rs 2,000 per year. The Policy term is 10 years with a minimum tenure of 5 years. To apply for this policy, you will need to submit the following:
1) Your full name
2) Date of birth
3) Place of birth
4) Permanent address
5) Income tax return transcript (if applicable)
6) CNIC (If applicable)
7) Marriage certificate (If applicable)
Can I Redeem My LIC Jeevan Anand Policy if I Change my Mind?
If you change your mind about the LIC Jeevan Anand policy and decide not to avail it after all, don’t worry. You can still redeem the policy anytime within one year from the date of purchase.
To redeem the policy, you need to submit a written request to LIC’s customer care department. The request should include your original policy ID card, proof of purchase (in case it is a physical product), and your new financial goals.
After receiving your request, LIC will process it and send you a cash settlement amount equal to the remaining premium value on your policy minus any already-deposited money.