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LIC Jeevan Anand Life Insurance Riders

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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

There are different riders that you can add to the LIC Jeevan Anand Plan. Some of the riders that you can add to the plan to enjoy additional benefits are as follows:

  • LIC Accidental Death and Disability Benefit: In case the policyholder dies or suffers permanent or partial disability due to an accident, then it is best to buy LIC Accidental Death and Disability Benefit rider. However, this rider is not applicable in case of a self-inflicted accident.
  • LIC Accident Benefit Rider: The LIC Accident Benefit Rider provides a lump sum amount is provided in case of an accident.
  • LIC New Term Assurance Rider: The LIC New Term Assurance Rider is helpful to provide a sum equivalent to the Term Assurance Rider Sum Assured if the policyholder dies during the policy term. However, this rider can only be opted for during the inception of LIC Jeevan Anand.
  • LIC New Critical Illness Benefit Rider: In case the policyholder is diagnosed with any of the critical illnesses as listed in the LIC policy, then the LIC New Critical Illness Benefit Rider can be extremely helpful.

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.

Life Insurance Corporation of India (LIC of India) Plan List

    Name of PlanSum Assured
    LIC Bima Jyoti20 lac - 10 cr Get Quotes Now
    LIC Jeevan Umang20 lac - 10 cr Get Quotes Now
    LIC SIIP20 lac - 10 cr Get Quotes Now
    LIC Jeevan Labh20 lac - 10 cr Get Quotes Now

    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.

       

    Life Insurance Corporation of India (LIC of India) Contact Details

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