Premium Ceasing Age : 75 Premium Ceasing Term : 0

Plan Highlights
Features
LIC’s Jeevan Anand  Policy/ Plan Table no 149 is a With Profit assurance plan. The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan. Jeevan Anand Policy provides pre-decided Sum Assured and bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.
Special Features
• Moderate Premiums
• High bonus
• High liquidity
• Savings oriented.
Jeevan Anand Plan Premiums are usually payable for the selected term of years or until death if it occurs during the term period. This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
Benefits :-
Survival Benefits:
Sum Assured along with all vested bonuses payable at the end of the premium paying term ( Endowment term).
Accident Benefit:
The Double Accident benefit is available during the premium paying term and thereafter up to age 70. The premium for this has been built into the tabular premium rates. Maximum accident cover available under this plan will be Rs. 5 lakh (this limit excludes accident benefit taken under other plans).
Premium Stoppage:
If payment of premiums ceases after at least three years’ premiums have been paid , a free paid-up policy for a reduced Sum Assured will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs. 250/-. The reduced sum assured will become payable on the event as stipulated in the policy.
Bonus:
If it is a With Profits Policy note that every year the LIC distributes its surplus among policyholder to with profits polices in the form of bonuses. Substantial bonuses have been declared in the past after each valuation of policy liabilities.
Death Benefits:
Sum Assured along with vested bonuses are payable on death during the premium paying term and when policy ceases. An amount equal to the Sum Assured is payable if death occurs after the premium paying term.
Simple Reversionary Bonus accrues during the premium paying term and is payable at the end of the premium paying term or on earlier death along with final additional bonus, if any. No Bonus is paid on death after the premium paying term.
Suitable for
Being an endowment assurance + whole life policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. The amount assured if not paid by reason of his death earlier will payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholders life or in any other way he may think most suitable at that time.

Read here for Example/ Illustrations on LIC’s Jeevan Anand Click here. 

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Premium Ceasing Age : 70 Premium Ceasing Term : 20

Plan Highlights:

LIC’s Jeevan Tarang Plan (Plan No. 178) is a whole of life plan, which provides for annual survival
benefit at a rate of 5½ % of the Sum Assured for life time after the chosen Accumulation Period.The plan
offers three Accumulation periods – 10, 15 and 20 years.
Benefits
Survival Benefits:
a) The vested simple reversionary bonuses will be payable in one lump sum on survival to the end of the
selected Accumulation Period.
b) 5½% of the Sum Assured will be payable on survival to the end of each year after the Accumulation
Period. The first survival benefit will be payable on survival to one year after the Accumulation Period is over.
Maturity Benefit:
The Sum Assured along with Loyalty Addition, if any, will be payable on survival of the life assured to the
policy anniversary coinciding with or immediately following the completion of 100 years of age.
Death Benefits:
a) The Sum Assured, along with vested reversionary bonuses is payable in case of death of the Life Assured
during the Accumulation Period.
In case of death before commencement of risk when the Life Assured is aged less than or equal to 12 years,
the premiums paid will be returned without any interest. There will be no death benefit either for the Basic
Sum Assured or for simple reversionary bonuses since, in such cases, the risk for life cover commences after
2 years from the date of taking of the policy or from the policy anniversary coinciding with or immediately
following the date on which life assured completes 7 years of age, whichever is later.
b) The Sum Assured along with Loyalty Addition, if any is payable in case of death of the Life Assured any
time after the Accumulation Period.
Riders (available during the Accumulation Period only)
Accident Benefit Rider Option:
Accident Benefit Option will be available under the plan by the payment of additional premium. Accident
Benefit Rider shall be available for an amount not exceeding the Sum Assured.This benefit is available under
Regular Premium policies only and it is not available under Single Premium policies.
Term Assurance Rider Option:
Term assurance as optional rider will be available under this plan during the Accumulation Period. The
premiums for this option are payable during the premium paying term and an amount equal to term
assurance sum assured will be payable on death during the Accumulation Period.
Critical Illness Rider Option:
An amount equal to Critical Illness Rider Sum Assured will be payable in case of diagnosis of defined.

Critical Illness Rider:
Ages at entry: 18 years (completed) to 50 years (nearest birthday)
Maximum age at which premium payment ceases: 60 years (nearest birthday)
Age up to which rider cover available: 60 years (nearest birthday)
Premium paying terms: Single Premium and, in case of regular premiums, equal to the accumulation period,
i.e. 10, 15 and 20 years
Sum Assured: An amount equal to the sum assured under Basic Plan subject to a minimum Sum Assured of
Rs.50,000/- and a maximum of Rs.5 lakh overall limit taking all critical illness riders under all existing policies
of the life assured and the critical illness rider option under the new proposal into consideration. The Sum
Assured can be in multiples of Rs.10,000/-.
Availability of Rider: During chosen accumulation period.
Loan: Loan facility is available under this plan.

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Find here Our Most Popular LIC ‘s Whole Life Policies Features/ Benefits:

• Jeevan Anand*
• Jeevan Tarang
• Jeevan Rekha*
• Whole Life Without Profit Plan
• Whole Life With Profit Plan
• The Whole Life Policy Single Premium

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