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LIC Jeevan Anand Life Insurance Eligibility

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Highlights
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

Here are the parameters that policyholders must be aware of while buying the LIC Jeevan Anand Policy:

Minimum entry age

18 years

Maximum entry age

50 years

Maximum maturity age

75 years

Minimum policy tenure

15 years

Maximum policy tenure

35 years

Minimum sum assured

1 lakhs

Maximum sum assured

No limit

Premium paying term

Same as policy term

Premium paying frequency

Annual/Half Yearly/ Quarterly/ Monthly

Key Inclusions and Exclusions of the Plan

What's Not Included

  • There are certain exclusions to the LIC Jeevan Anand Plan as listed below: In case the policyholder committed suicide within 12 months of the policy and dies, then there 80% of the premium paid to date is returned to the beneficiary of the policyholder. If the tenure exceeds 12 months, then a greater than 80% of the premium paid is given.

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LIC of India Plan List

    Name of PlanSum Assured
    LIC Bima Jyoti20 lac - 10 cr Check Premium
    LIC Jeevan Umang20 lac - 10 cr Check Premium
    LIC SIIP20 lac - 10 cr Check Premium
    LIC Jeevan Labh20 lac - 10 cr Check Premium

    FAQs on LIC Jeevan Anand Health Insurance Plan

    • What is the maximum sum assured limit under the LIC Jeevan Anand Plan?

      There is no limit to the maximum sum assured under the LIC Jeevan Anand Plan. However, the minimum sum assured is 1 lakh.

       

    • What is the premium paying frequency of the LIC Jeevan Anand plan?

      The premium paying frequency of the LIC Jeevan Anand Plan can be done on an annual, half-quarterly, quarterly, or monthly basis.

       

    • What are the minimum and maximum entry age of the LIC Jeevan Anand Plan?

      The minimum and maximum entry age of the LIC Jeevan Anand Plan are 18 years and 50 years respectively. 

       

    • What is the maximum policy tenure of LIC Jeevan Anand Plan?

      The maximum policy tenure of the LIC Jeevan Anand Plan is 35 years.

       

    • Can I get tax benefits with the LIC Jeevan Anand Plan?

      Yes, you can get tax benefits with the LIC Jeevan Anand Plan.

       

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