LIC Jeevan Anand Policy: When it comes to the security and future planning of your family, your heart naturally turns to a name you can trust. In India, for decades, that name has been LIC, associated with people’s dreams, responsibilities, and the security of their loved ones.
Even today, when someone talks about secure investments and life cover, LIC is the first name that comes to mind. If you also want a policy that provides both savings and security, and offers financial support to your family even in your absence, then LIC’s Jeevan Anand policy can be a strong option for you.
Why is the Jeevan Anand Policy Special?
LIC’s Jeevan Anand policy, also known as Plan Number 915, is a plan that strikes a balance between term insurance and savings. It’s not just an insurance plan, but a long-term financial plan.
It provides insurance protection along with regular savings, giving the policyholder peace of mind that both their future and their family are secure.
| Policy Feature | Details |
|---|---|
| Policy Name | LIC Jeevan Anand (Plan No. 915) |
| Minimum Entry Age | 18 Years |
| Maximum Entry Age | 50 Years |
| Policy Term | 15 to 35 Years |
| Maximum Maturity Age | 75 Years |
| Minimum Sum Assured | ₹1 Lakh |
| Maximum Sum Assured | No Upper Limit |
| Maturity Benefit | Sum Assured + Accrued Bonus |
| Death Benefit | Lifetime cover with Sum Assured |
| Type of Plan | Endowment with Whole Life Cover |
Flexibility in Age and Policy Term
A major advantage of this policy is the flexibility it offers in terms of age and policy term. The minimum entry age is 18 years and the maximum is 50 years, allowing both young and middle-aged individuals to invest in it.
The policy term can be chosen from 15 to 35 years, while the maximum maturity age is set at 75 years. This means that the plan provides a sense of security until retirement and even beyond.
Small Beginnings, Big Dreams
The Jeevan Anand policy has a minimum basic sum assured of ₹1 lakh, allowing anyone to start with a small amount. Importantly, there is no limit on the maximum sum assured.
This means you can get a large life cover according to your income and needs. This is why this plan is considered useful for both salaried individuals and business owners.
Security Continues Even After Maturity
The most unique aspect of this policy is that the insurance coverage does not end after maturity. Upon completion of the policy term, you receive the basic sum assured along with the accumulated bonuses.
Despite this, the life cover continues. This means that if the policyholder passes away after maturity, the nominee receives the basic sum assured. This feature sets it apart from ordinary insurance plans.
Death Benefit Provides Peace of Mind to the Family
If the policyholder dies for any reason during the policy term, the family receives the sum assured on death, along with the declared bonus and the final additional bonus, if applicable. LIC also ensures that this amount is never less than 105 percent of the total premiums paid. This helps the family cope with sudden financial hardship.
The Right Choice for Those with a Long-Term Perspective
The Jeevan Anand policy is ideal for those who want to invest not just for tax savings, but to build a secure future for the long term.
It encourages a habit of regular savings and provides additional benefits in the form of bonuses over time. Most importantly, this plan offers you the assurance of lifelong security, which is crucial in today’s uncertain times.
FAQs
Q1. What is LIC Jeevan Anand policy?
It is a savings plan with lifetime life insurance cover.
Q2. What is the minimum age to buy this policy?
The minimum entry age is 18 years.
Q3. What is the maximum age limit for entry?
The maximum entry age is 50 years.
Q4. What is the policy term available?
The policy term ranges from 15 to 35 years.
Q5. Does life cover continue after maturity?
Yes, life cover continues even after maturity.
Disclaimer: This article is for general informational purposes only. The information provided should not be considered as investment or insurance advice. Before purchasing a policy, please carefully read the relevant documents and consult with an authorized LIC agent or financial advisor according to your needs.
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