About LIC Jeevan Anand Life Insurance
India’s leading life insurance company, Life Corporation of India, or LIC, is a go-to choice when it comes to buying life insurance plans in India. Headquartered in Mumbai, LIC has dedicated branches all over the country so that customers can easily avail the services provided by the company. The company offers a number of life insurance plans, including the LIC Jeevan Anand Plan. LIC Jeevan Anand Plan is a non-linked, participating, individual, life assurance savings plan. Earlier this plan was called the LIC 149 Plan, and later it got renamed as the existing LIC Jeevan Anand Plan. The plan offers dual benefits of investment and protection and several other benefits. Here is a guide to the LIC Jeevan Anand Plan.
Key Inclusions and Exclusions of the Plan
What's Not Included
- There are certain exclusions to the LIC Jeevan Anand Plan as listed below: In case the policyholder committed suicide within 12 months of the policy and dies, then there 80% of the premium paid to date is returned to the beneficiary of the policyholder. If the tenure exceeds 12 months, then a greater than 80% of the premium paid is given.
LIC Jeevan Anand User Reviews
Claim Process at LIC of India
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.
FAQs on LIC Jeevan Anand Health Insurance Plan
What is the maximum sum assured limit under the LIC Jeevan Anand Plan?
There is no limit to the maximum sum assured under the LIC Jeevan Anand Plan. However, the minimum sum assured is 1 lakh.
What is the premium paying frequency of the LIC Jeevan Anand plan?
The premium paying frequency of the LIC Jeevan Anand Plan can be done on an annual, half-quarterly, quarterly, or monthly basis.
What are the minimum and maximum entry age of the LIC Jeevan Anand Plan?
The minimum and maximum entry age of the LIC Jeevan Anand Plan are 18 years and 50 years respectively.
What is the maximum policy tenure of LIC Jeevan Anand Plan?
The maximum policy tenure of the LIC Jeevan Anand Plan is 35 years.
Can I get tax benefits with the LIC Jeevan Anand Plan?
Yes, you can get tax benefits with the LIC Jeevan Anand Plan.
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