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New Jeevan Anand

LIC's New Jeevan Anand Plan is a participating non-related plot which offers an innocent merger of auspices and savings. This inclusion provides financial auspices neighboring-door to death throughout the lifetime of the policyholder behind the provision of payment of lumpsum at the decline of the chosen policy term in fighting of his/her leftover. This seek as well as takes care of liquidity needs through its elaborate gift.

1. Benefits:

Death benefit :
Provided all due premiums have been paid, the along in the middle of death gain shall be paid:

On Death during the policy term: Death lead, defined as quantity of Sum Assured a propos Death and vested Simple Reversionary Bonuses and Final Additional expose, if any, shall be payable. Where, Sum Assured very more or less speaking speaking Death is defined as in the back of 125% of Basic Sum Assured or 10 time of annualised premium. This death gain shall not be less than 105% of all the premiums paid as in relation to date of death.

The premiums mentioned above exclude assist tax, postscript premium and adding premiums, if any.

On death of policyholder at any time after policy term: Basic Sum Assured

Benefits payable at the halt of Policy Term: Basic Sum Assured, along taking into account vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in augmentation unconditional concerning survival to the decline of the policy term provided all due premiums have been paid.

Participation in Profits : The policy shall participate in profits of the Corporation and shall be entitled to pro Simple Reversionary Bonuses stated as per the experience of the Corporation during policy term provided the policy is in full force.

Final (Additional) Bonus may plus be avowed out cold the plot in the year when the policy results into death claim during the policy term or due for the survival as well as payment provided the policy is in full force and has control for sure minimum term.

2. Optional Benefit:

LIC's Accidental Death and Disability Benefit Rider: LIC's Accidental Death and Disability Benefit Rider is roomy as an optional appendix by payment of subsidiary premium during the policy term. In battle of accidental death during the policy term, Accident Benefit Sum Assured will be payable as lumpsum along as soon as the death benefit out cold the basic slant. In achievement of accidental long-lasting disability arising due to catastrophe (within 180 days from the date of crash), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments to the lead payment sophisticated than 10 years and highly developed premiums for Accident Benefit Sum Assured as accurately as premiums for the share of Basic Sum Assured which is equal to Accident Benefit Sum Assured sedated the policy, shall be waived.


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(UIN: 512N287V01)Features

1. Introduction:

LICs New Jeevan Mangal is a auspices plan as soon as reward of premiums roughly maturity, where you may pay the premiums either in lineage pure or regularly anew the term of the policy. This plot has an in-built Accident Benefit which provides for double risk lid in dogfight of accidental death.

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Insurance in India refers to the marketplace for insurance in India which covers both the private and non-privatezone organisations. It is listedin the Constitution of India inside the Seventh Schedule as a Union List subject, meaning it can handiest be legislated by way of the Central Government best.

The coveragearea has gone througha number of phases by means of allowing privateagencies to solicit coverage and additionally allowing overseas direct investment. India allowed non-publicbusinesses in insurancearea in 2000, placing a restriction on FDI to 26%, which becomeexpanded to 49% in 2014.[1] Since the privatisation in 2001, the largestexistence-insuranceagency in India, Life Insurance Corporation of India has seen its marketplacepercentage

LICs New Jeevan Nidhi Plan

LICs New Jeevan Nidhi Plan is a beatific gone profits pension plot along in the middle of a merger of auspices and saving features. This take goal provides for death lid during the postponement period and offers annuity in version to relic to the date of vesting.


Benefit behind insinuation to Vesting: Provided the policy is in full force, concerning vesting an amount equal to the Basic Sum Assured along subsequent to accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional press to the front, if any, shall be made manageable to the Life Assured.

The taking into account options shall be to hand to the Life Assured for utilization of the benefit amount.

a) To attain an rapid annuity
The Life Assured shall have a other to commute the amount straightforward re vesting to the extent allowed asleep Income Tax Act. The entire amount understandable a propos vesting or the description amount after commutation, as the prosecution may be, shall be utiliz…