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LIC Jeevan Anand Life Insurance Eligibility

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Highlights
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

Here are the parameters that policyholders must be aware of while buying the LIC Jeevan Anand Policy:

Minimum entry age

18 years

Maximum entry age

50 years

Maximum maturity age

75 years

Minimum policy tenure

15 years

Maximum policy tenure

35 years

Minimum sum assured

1 lakhs

Maximum sum assured

No limit

Premium paying term

Same as policy term

Premium paying frequency

Annual/Half Yearly/ Quarterly/ Monthly

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 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. 

    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. 

    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. 

    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.

    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! 

    V
    By Vishal Raheja
    On: Aug 03, 2023

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

    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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