JEEVAN ANAND

LIC introduced a new policy from this month jeevan anand – a two-in-one policy that gives you the advantages of both whole life and endowment schemes. jeevan anand offers protection and anandam throughout life and thereafter.

Here are some of the details of returns:  

 •   Survival Benefits: sum assured + bonus at the end of the term and risk cover continues

 •  Death Benefit: sum assured + bonus if death takes place during the term and policy comes to an end. however, if death takes place after the term then the sum assured alone is payable to the nominee / legal heirs.

 •  Accidental coverage upto 5 lakhs irrespective of other policies amount without additional premium.

 •   Loan facility available.

 • You can pay the premiums as per your convenience in monthly, quarterly, half yearly, yearly and even through salary savings scheme.

 •  You can avail tax exemption under section 88 & maturity amounts are  100% tax free.