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LIC New Jeevan Anand Plan (Plan no.815)
Combination of Endowment & Whole life plan.
This combination provides financial protection against death throughout the life time of the Policy holder with the provision of payment of lumpsum at the end of the selected policy term.
A Regular Premium paying, Non-linked, Conventional with-profits Endowment Assurance plan
| Eligibility Conditions & Restrictions | ||
|---|---|---|
| Minimum age | : | 18 Years (Completed) |
| Maximum age | : | 50 years |
| Maximum maturity age | : | 75 years |
| Policy Term | : | 15 years to 35 years |
| Minimum Sum Assured | : | Rs.1,00,000 |
| Maximum Sum Assured | : | No limit |
| Premium payment | : | Yearly / Half yearly / Quarterly / Monthly (Thru bank) |
| Loan | : | Eligible after 3 years |
| Surrender | : | Eligible after 3 years |
| On Death before maturity | : | 1.25% of Sum Assured + Bonus is payable |
| On Maturity | : | Sum Assured + Bonus is payable |
| After Maturity on death | : | Sum Assured is payable |
| Income Tax Benefits | : |
(i) Premiums paid are eligible for Tax rebate u/s 80c (ii) Maturity amount / Death claim is Non-taxable u/s 10(10d) |
Know more: LIC Jeevan Anand Plan
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