New Jeevan Anand T-815
LIC has re-launched its “Jeevan Anand” plan, attractive combination of protection and savings.This product provides financial protection against death throughout the lifetime of the policyholder with a special feature wherein it offers cover for whole life even after payment of maturity amount.
The policyholder can choose policy term from minimum 15 years to maximum of 35 years.
The minimum sum assured is Rs 1 lakh and in multiples of Rs 5,000.
The policy matures at the end of the chosen policy term and the surviving policyholder will get Basic Sum Assured along with Vested Simple Reversionary Bonus and Final Additional Bonus.
The sum assured on death during the term of the policy will be higher of 125 per cent of Basic Sum Assured or 10 times of annualised premium.
Income Tax Benefits:
1) Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C
2) Also the proceeds received on maturity or by the family on death of the policyholder will be exempted from tax under section 10(10)D subject to fulfilment of terms and conditions.
Loans:
Available after payment of premiums of 3 full years.
Note: This is only few particulars of above policy .Do you want know all details, you must contact your
Family LIC Agent as early..
