Jeevan Anand Policy Jeevan Saral Policy

As individuals it is inherent to differ. Each individual insurance needs and requirements are different from that of the others. LIC Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement.

Children Plans
Children Plans - Jeevan Anurag
- Komal Jeevan
- Jeevan Kishore
- Jeevan Chhaya
- Child Career Plan
- Child Future Plan
- Child Fortune Plus
- CDA Endowment Vesting At 21
- CDA Endowment Vesting At 18
- Marriage Endowment Or Educational Annuity Plan

Plans for Handicapped Dependents
Plans for Handicapped Dependents - Jeevan Adhar
- Jeevan Vishwas

Endowment Assurance Plans
Endowment Assurance Plans - The Endowment Assurance Policy
- The Endowment Assurance Policy-Limited Payment
- Jeevan Mitra(Double Cover Endowment Plan)
- Jeevan Mitra(Triple Cover Endowment Plan)
- Jeevan Anand
- New Janaraksha Plan
- Jeevan Amrit

Plans for High Worth Individual
Plans for High Worth Individual - Jeevan Shree-I
- Jeevan Pramukh

Moneyback Plans
Moneyback Plans - The Money Back Policy-20 Years
- The Money Back Policy-25 Years
- Jeevan Surabhi-15 Years
- Jeevan Surabhi-20 Years
- Jeevan Surabhi-25 Years
- Bima Bachat

Special Moneyback Plans fo Women
Special Moneyback Plans fo Women - Jeevan Bharati - I

Whole Life Plans
Whole Life Plans - The Whole Life Policy
- The Whole Life Policy- Limited Payment
- The Whole Life Policy- Single Premium
- Jeevan Anand
- Jeevan Tarang

Term Assurance Plan
Term Assurance Plan - Two Year Temporary Assurance Policy
- The Convertible Term Assurance Policy
- Anmol Jeevan-I
- Amulya Jeevan-I

Jeevan Saral

Features of Jeevan Saral (Table 165)

Maturity Benefits
Maturity S.A + Loyality Additions,  If the policy was in force for a minimum of 10 policy years.

Death Benefit
250 times the monthly basic premium+return of premium paid (excluding 1st year premium +Loyality additions

Flexible Term
The Policy Holder can choose a maximum term but can surrender at any time without any surrender penalty or loss

Surrender Value
If less than 4 years prem. Paid - 80% of Maturity S.A
Between 4 & 5 Yrs prem paid  - 90% of Maturity S.A
If 5 years and above prem. Paid - 100% of Maturity S.A

Partial Surrender
A portion of the policy can be surrendered and money can be taken from LIC, if prems. have been paid for a min of 3yrs .
  1. The basic annual premium and all other benefits will be reduced to the extent of partial surrender
  2. If a policy loan is outstanding , partial surrender is not allowed
  3. Any number of times, partial surrender is allowed.
  4. There should be a gap of minimum of 1yrs between 2 successive partial surrenders
Download Jeevan Saral Table

Jeevan Anand

Product summary :
This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Premium :
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the selected term of the policy or till earlier death.

Bonuses :
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.