LIC Jeevan Anand Policy Premium Chart PDF: 9 Factor - Mix Masala/Tech Info

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Wednesday, 5 August 2020

LIC Jeevan Anand Policy Premium Chart PDF: 9 Factor

LIC's Jeevan Anand Policy is a traditional plan that offers the tax benefits to insured on the premium paid on the claim received. Under Section 80C and 10(10D) of the Income Tax Acts.

It also provides security along with savings. You also get a bonus under this scheme. The risk cover under this scheme continues even after the policy period. If the policyholder dies after the end of the policy term, he/she is also paid death benefit.

In this article, today we are going to discuss about LIC Jeevan Anand Policy Premium Chart PDF so let's the article.

LIC Policy:

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India.

The Life insurance corporation of India was founded on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India.

Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.

Life insurance is a contract between an insurance policyholder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.

As of 2019, Life Insurance Corporation of India had a total life fund of ₹28.3 trillion. The total value of sold policies in the year 2018-19 is ₹21.4 million.

Life Insurance Corporation of India settled 26 million claims in 2018–19. It has 290 million policyholders.

New LIC Jeevan Anand (Plan-815) details:

When we purchasing a policy, the policyholder chooses the cover amount (Sum Assured) and the term of the policy. The LIC Jeevan Anand Policy Premium Chart PDF is determined based on the policyholder's age, policy term and sum insured. The policyholder has to pay the chosen premium for the entire policy term.

If the policyholder has paid all the premiums and survives till the end of the policy term, then LIC is paid maturity benefits.

Under this scheme, the policyholder is paid the Sum Assured + Sum Assured Bonus + Final Additional Bonus (if any), as a maturity benefit. After this, whenever the policyholder dies (even after the policy term), the nominee is paid the sum assured again as death benefit.

If during the policy period, the policyholder dies, the death benefit is paid to the nominee. Which is calculated as follows.

LIC Jeevan Anand Policy Calculator