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Can I withdraw my LIC policy Jeevan Anand?
This policy can be surrendered at any time. However, if you surrender it before completion of three years, you will not get any sum in return. On surrendering after three policy years, the insurance company will pay a guaranteed surrender value equal to 30\% of all premiums paid after deducting the first year’s premium.
How good is Jeevan Anand policy?
LIC’s New Jeevan Anand is a good life insurance plan for your family. It offers an attractive combination of savings and protection. The cover provided is available throughout the lifetime of the policy. In addition, this plan comes with a loan facility as well.
What is the benefits of LIC Jeevan Anand?
Key Features of LIC’s New Jeevan Anand
| Type | Participating non linked life insurance policy |
|---|---|
| Policy term | Minimum 15 years and Maximum 35 years |
| Maturity benefit | Sum assured on death + Vested Reversionary bonus + Final additional bonus |
| Mode of premium payment | Annually, bi annually, quarterly, monthly |
What is the bonus rate of Jeevan Anand?
New Jeevan Anand Plan (815 & 915) Bonus Rate
| Year | New Jeevan Anand Plan (815/915) Bonus (per 1000 of SA) | |
|---|---|---|
| Term 15 Years | Plan | |
| 2018 | 41 | 815 |
| 2019 | 41 | 815 |
| 2020 | 38 | 815/915 |
However, there are certain rules surrounding this concept. A policyholder will only be able to surrender his/her policy after having paid the premiums diligently for 3 years. Upon surrendering the policy, LIC provides a certain portion of money to the policyholder. This amount of money is known as surrender value.
What is the new Jeevan Anand plan?
LIC’s New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival.
What is the additional benefit of LIC Jeevan Anand policy?
An additional benefit is provided on accidental death of the insured, till the age of 70 years. How does LIC Jeevan Anand plan work? Under this LIC Jeevan Anand plan, an individual pays regular premiums for a selected period.
What is the grace period for Jeevan Anand policy?
LIC Jeevan Anand Policy Details. Grace Period: A grace period of 30 days is allowed for the payment of due premiums. In case the insurance holder delays the premium payment, he is allowed for a grace period of 30 days.
What happens if I Stop Paying my Jeevan Anand policy premiums?
If premiums are stopped, the policy would lapse. Can I take loan in against my Jeevan Anand policy? Yes, loans are allowed under the plan. Loans are allowed only if the plan acquires a surrender value as the limit of loan allowed depends on the Surrender Value acquired by the policy.