LIC’s New Jeevan Anand 715

Description

Important LIC Features Fresh Jeevan Anand Scheme
With a number of appealing features, LIC’s New Jeevan Anand plan is an appealing insurance choice. Here’s a brief synopsis:

• Grace Period: When it comes to annual, half-yearly, or quarterly premium payments, policyholders are treated to a 30-day grace period. The grace period for monthly premium payers is fifteen days.
• Revival: Reviving an insurance policy after it lapses is simple and can be done so within five years after the first unpaid premium date, but not before the policy’s maturity date.
• Policy Surrender: If premium payments for the entire one year have been completed, the policyholder may choose to give up the insurance.
• Free Look Period: As part of LIC’s New Jeevan Anand plan, newly registered policyholders have the option to return the policy after 30 days of receipt if they’re not happy with it.
• Loan Against Policy: Policyholders have the opportunity to borrow against their policy, however this is only possible if they have paid premiums for the entire one year of the policy.
• Options for Premium Payment: Policyholders have the convenience of paying premiums on an annual, half-yearly, quarterly, or monthly basis, providing them with financial freedom.

 

LIC New Jeevan Anand Plan Advantages
The following are the main advantages of LIC’s New Jeevan Anand Plan:

Benefit of Death:

In the sad event that the policyholder passes away within the duration of the policy, the nominee is awarded the following:

Sum promised on Death is equal to the greater of the yearly premium times seven times or, at most, 125% of the basic sum promised.

One last extra goodie.

Easy-to-revert incentives.
The nominee is entitled to the basic sum insured in the event that the policyholder passes away before the policy’s term.

Basic Sum Assured:	1000000
Death Sum Assured:	1250000
Accidental SA:	1000000
Term SA	1000000

 

Benefit of Maturity:

• The policyholder is eligible to receive the maturity benefit at the conclusion of the policy term provided that all premiums have been paid on schedule.
• The policyholder may choose to receive the maturity benefit in installments over a period of 5, 10, or 15 years.
• The Basic Sum Assured, Final Additional Bonus, and Simple Reversionary Bonuses make up the Maturity Benefit.