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LIC Jeevan Anand Life Insurance

268 reviews Rate This
LIC Life Insurance
LIC Jeevan Anand
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

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.

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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

4.7
Rating based on
268 User reviews
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What users are saying
  • All
  • Timely claim settlement

    When I made a claim for the LIC Jeevan Anand Plan on InsuranceDekho, it was settled without any hassle. I only had to give them some documents, and after that, my claim was taken care of with full assistance from their teammate Akansha, who was very helpful. 

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    S
    By Sonali Singh
    On: May 28, 2024
  • The policy helped me stay secu...

    I am highly thankful to the team of InsuranceDekho for helping me buy the LIC of India- LIC Jeevan Anand. I really liked this policy as it gives my family a lump sum amount in case of an unfortunate incident. Also, it comes at a low premium. 

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    N
    By Nilesh Desai
    On: Aug 23, 2023
  • Sufficient sum insured

    The LIC of India- LIC Jeevan Anand comes with several sum-insured options from which you can choose to buy the one that suits your requirements the most. I am happy with the benefits of the policy and hence suggest everyone to have this policy. 

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    P
    By Punam Saxena
    On: Aug 16, 2023
  • Best policy as per my needs

    I wanted an affordable life insurance policy that covers me for critical illnesses. I read about the LIC of India- LIC Jeevan Anand at InsuranceDekho and found that it fulfilled my requirements. Hence I didn’t delay and bought the policy.

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    P
    By Pooja Tiwari
    On: Aug 08, 2023
  • Premium calculation was easy

    I was planning to buy the LIC of India- LIC Jeevan Anand. I talked to the InsuranceDekho team and they helped me with the premium calculation. I must say that it was quite easy and I went ahead to buy it. Thanks, team for your help! 

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    V
    By Vishal Raheja
    On: Aug 03, 2023
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LIC Life Insurance Plan List

    Name of PlanSum Assured
    LIC Bima Jyoti20 lac - 10 cr Check Premium
    LIC Jeevan Umang20 lac - 10 cr Check Premium
    LIC SIIP20 lac - 10 cr Check Premium
    LIC Jeevan Labh20 lac - 10 cr Check Premium

    Claim Process at LIC Life Insurance

    • 1

      Claim Intimation

      In the event of the death of the life assured, the insurance company should be intimated as early as possible.
    • 2

      Submission of Documents

      For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
    • 3

      Claim Evaluation

      After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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    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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