Jeevan Anand an Endowment Assurance + Whole Life plan
Jeevan Anand Table No. 149
Summary:
Jeevan Anand is the combination of Endowment Assurance and Whole Life plan.
The risk cover will continue even after the maturity, that means Zindagi Ke Saath Bhi Zindagi Ke Bad Bhi… Jeevan Anand plan no. 149 provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.
For Example: Mr. Pankaj, age 25 years, takes Jeevan Anand policy for 25 years for Sum Assured Rs. 1 lakh. Now on Maturity Pankaj will receive Rs. 2,12,500/- (Rs. 1 lakh sum assured Plus Rs.1,12,500/- is the estimated bonus at Rs.45/- per thousand per year.)
In case, Mr. Pankaj, dies ( After premium paying term is over) at the age of 60 years, his nominee will get additional Rs. 1 lakh equal to sum assured amount. Since Mr. Pankaj has already received the bonus, LIC will not pay second time bonus.
In case, Mr. Pankaj dies during the Premium Paying Term, his nominee will get Rs.1 Lakh (sum Assured) + Accrued bonus till Mr. Pankaj’s death.
Key Features:
1. Jeevan Anand is the combination of Whole Life and Endowment Assurance plan.
2. Even after the Premium Paying Term (PPT) is over, risk cover continues till the death of the policy holder.
3. Accident Benefit is available during the Premium paying term adn thereafter upto age 70.
4. Limited premium payments.
5. Double accidental cover upto age 70.
6. Tax Savings
Modes of Premium Payment:
You can pay premium yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the selected term of the policy or till earlier death.
Jeevan Anand Plan Premiums are limited. You only pay till 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 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 policy holders life or in any other way considered suitable at that time.
Premium Stoppage:
If payment of premiums ceases after at least 3 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.
Bonuses:
Jeevan Anand is a with-profit insurance plan and participates in the profits of the Corporation’s life insurance business. You will get the profit in the form of Bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once the bonus is declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.
Maturity Benefit:
Sum Assured along with all vested bonuses payable at the end of the term to the policy holder.(Endowment term)
Death Benefit:
Sum Assured along with vested bonuses are payable on death during the premium paying term. 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.
Accident Benefit:
Double Accident Benefit is available during the premium paying term and thereafter up to age 70. Maximum Accident Cover available under this plan will be Rs 5 lakh (this limit excludes accident benefit taken under other plans).
In case of permanent disability of the life assured due to accident this additional Sum assured is payable in instalments.
Eligibility Conditions and Restrictions:
a:) Minimum Entry Age: 18 Years completed
b:) Maximum Entry Age: 65 Years
c:) Max. PPT Mat. Age: 75 years
d:) Min. Premium term: 5 yrs
e:) Max Premium term: 57 yrs
f:) Minimum Sum Assured: Rs. 1,00,000/-
g:) Maximum Sum Assured: No Limit
h:) Risk cover: Sum Assured + Bonus
i:) Loan on policy: Avaialable
j:) Housing loan : Avaialable
Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender values are available on the plan on earlier termination of the contract.
Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium. Any extra premium(s) paid and premium(s) towards Accident Benefit are also excluded.
LIC’s policy on surrenders:
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.
Who should buy Jeevan Anand policy?
Since Jeevan Anand is an endowment assurance plus 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 policyholder’s life or in any other way he may think most suitable at that time.
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82 Comments
dear sir/madam
plz follow me for jeevan anand policy for 200000/-.my d.o.b. is 05/01/1982.plz tell what’ premium yearly
I am subash chandra sahoo , my date of birth is 01/04/1977, I want to open a policy of Jeevan ananda , what is my premium per year?
Sir
Is there a provision for taking the cash value of risk cover after 75 years of age in jeevan anand (149)??
I want yearly pension of about Rs.1 lakh my age is 46 yrs (running) i want to invest for 15 yrs. Which plan would be suitable for me? And show me calculation of premium.
Hello Sir/Madam,
As my DOB is 10th may 1980, if i take Jeevan Anand policy and invest Rs.2000000 for 20 yrs, then what will be the amount of the premium per year? Also tell me the exact amount that I will get on maturity of the policy. Waiting for your reply.
Thanks in advance.
Hello Sir/Madam,
date of birth – 09-03-1988
LIC joined – 22-01-2007
Premium term – 20yrs
Sum Assured:Rs. – 1,00,000/-
Policy – LIC jeevan anand (plan no. 149 )
Please let me know, how much money I will receive on maturity?
Sir,
I want to take one of lic policy. I am a NRI person(32yrs), i cannot select longterm one. only shorterm policy. then what policy will suit to me. If took jeevan anand , for 16yrs (Rs.1,00,000/-), then what will be the amount of the premium per year? Also tell me the exact amount that I will get on maturity of the policy. Waiting for your reply.
mahesh
Sir
I paid a jeevan anand policies premium for 5yrs. as rs.2601/- half yrly.I want know the status of it. My policy no. 632896544
Dear Sir/Madam,
My father has LIC policy with the Plan 149(Jeevan Anand). We are paying LIC premiums 7120 from 09/02/2004. My father has stopped maintaing these LIC payments after paying the first premium. Last year I have paid around 35 thousand rupees for the remaining 4 years premiums. Next year we are planning to do my sister marriage. For that we need Loan on this LIC account. Could you please let me know how much amount we will get on this account as a loan.
Please note that we are trying to pay the remaining premiums this month.
Thanks in advance.
Regards,
Rajesh.
hi sir,
i have taken Jewan anand for S-A 500000 for paying term of 23 yrs with D.O.C 21/08/09. when i got premium receipt, i got to know its D.O.M is 21/08/2080, though its D.L.P is 21/08/2031. my concern is what would i get at D.L.P or this policy is only for my family, because till D.O.M i will be no more here.
dear sir
I want to take one policy jiwan anand.
My d.o.b. is 12.02.1987
I will take policy for 30 years paying.
Please provide me how many premium will pay yearly.
regards
arun
Dear sir
I want to know about jeevan anand policy.
I will pay the premium of quarterly 10000
and what amount will get after ten years …
i have completed 5 lives & need 7 lives to protect from termination of my license only 1 month left please advice Sir urgently
Tabrej Reply:
October 31st, 2009 at 1:04 am
Contact your development Officer and Promote New LIC Jeevan Nischay. Ask for references from your old clients and friends. Good luck.
Hello Sir/Madam,
date of birth – 17/12/1990
LIC joined – 01/11/2009
Premium term – 25yrs
Sum Assured:Rs. – 10,00,000/-
Policy – LIC jeevan anand (plan no. 149 )
Please let me know, how much money I will receive on maturity?
and after the maturity of this policy if a person is dies then what is the benifit a policy holder gets in the following cases.
1. Normal Death
2. Accidental Death
”
Rajesh Said,
October 23rd, 2009 @9:01 am
Dear Sir/Madam,
My father has LIC policy with the Plan 149(Jeevan Anand). We are paying LIC premiums 7120 from 09/02/2004. My father has stopped maintaing these LIC payments after paying the first premium. Last year I have paid around 35 thousand rupees for the remaining 4 years premiums. Next year we are planning to do my sister marriage. For that we need Loan on this LIC account. Could you please let me know how much amount we will get on this account as a loan.
Please note that we are trying to pay the remaining premiums this month.
Thanks in advance.
Regards,
Rajesh.
”
Rajesh ji, i am not sure ,but you are entitled for a loan only if you pay your premium properly without any break. But kindly get it clarified
Tabrej Reply:
November 6th, 2009 at 12:47 am
Jay, please contact the LIC Agent from whom you bought the policy or contact your nearest LIC Branch. You can take loan on LIC Jeevan Anand.
Good Luck.
Dear Sir,
Myself Srinivas Alwala 26 yrs old. I would like to invest in LIC to protect my family and myself. I want to apply for pension of about Rs. 1 lac p.a.
Kindly suggest the way to invest in.
sir
i have a Jeevan Anand policy for which i have paid a premium of Rs 100000 for two years 2007 and 2008, i wish to surrender the policy. should i pay the 3 yrs premium and then surrender?.
what will be my surrender value in case of payment of 2 premiums and the surrender value in case of payment of 3 premiums?
kindly reply
sujatha venkatachalam
Tabrej Reply:
November 20th, 2009 at 6:07 am
If you dont want to continue your Jeevan Anand Insurance policy then you can stop it afer 3 years. You can surely surrender Jeevan Anand but I would not suggest that instead keep the policy with lower risk cover. Talk to your LIC Agent for more details.
i am Jyoti having a jeevan anand policy and i forgot to pay the premium for the year2009 may.what is the drawback for such delay and how can i continue my a/c.my policy no. is 883017511.and i would like to have a word with your customer care.kindly give me the contact details.
Tabrej Reply:
November 22nd, 2009 at 3:50 pm
Please contact on 1251 to know your Insurance policy details.
i have opted 149(Jeevan Anand) policy half yearly iam paying 18303 .00 and the thing is that i would like to with draw from this policy after a period of 3 years ,
i would like to know how much amount iam goiong to get after this 3 years period , kindly let me know.
thanking you,
Md parvez akther John
Dear sir,
My document is loose I do not know how solve this problem pls tell me. I do not our policy no or any etc detail.
My Name – Ajay Singh
Date of birth – 03/08/1983
Father Name – Lalji Singh
Sir/Madam,
My age is 32Year
I want to make my policy(Jeevan Anand Endowment Assurance and Whole Life plans) for 21 Years.
I can pay a premium amount up to 30,000/-rs per annum.
You are requested to kindly give me followinf details:-
1.how many lakhs policy I will get ?
2.After maturity What amount lic will paid to me?
Regards
Suresh
+919916496420
06-12-2009
Hello Sir/Madam,
date of birth – 16/07/1983
LIC joined – 20/04/2002
Premium term – 20yrs
Sum Assured:Rs. – 5,00,000/-
Policy – LIC jeevan anand (plan no. 149 )
primium -25300/-p.a
Please let me know, how much money I will receive on maturity& how much itrest i will benfit
Dear,
I am working in Dubai.I would like to join jeevan anand policy through my agent.
My Detail:
Vijayakumar K.M
d.o.b:02.05.1979
Policy amount1400000
Premium year-15 years
Please give me datail for the policy and how much i want to pay premium of yearly or quarterly.
Also,what amount will get after 15 years.
Please advice me,
Thanks,
Vijay
I HAVE TAKEN A jeevan Annand AND Market Plus POLICY IN THE NAME OF Smt.sushma verma (my wife ) pOLICY N0.272225318 AND 272057270. My wife has expired on 09.04.2009. Ihave completed all formalities to LI C OFFICE RISHIKESH . THE MATTER IS PENDING SINCE 07 MONTHS IN the office of Manager(Claim) Divisional office Dehradun . Ihave all ready paid premium to LIC CONTINUOUSLY 03 YEARS. BUT DEATH CLAIM OF MY WIFE IS NOT SETTLE BY LIC OFFICE TO TILL DATE.WHY?
WHY DELAY PAYMENT OF DEATH CLAIM TO NOMINEE.
I have not yet been received comments to till date from L.I.C.
RISHIKESH.
I have taken jeevan aanand policy – 149 in october 2009 and I am paying yearly 27550. I would to ask I could pay my early premium since I am living in Doha Qatar, can u please give me some clue and idea how will I manage this payment.
dear sir’
Please help me i already have endowment policy but i have not paid premium for past 5 qtr pls send me to my postal address
Sir / Madam,
I have taken two yearly policies on 2007 and i missed two premium for 2008 & 2009 allowing heavy workload in software professional’s life. Now i want to pay the premium and continue the poliocy. I had taken it from Thane. I want to know whether is it possible to pay premium at pune?
Thanks in advance,
Priyank
Hi,
My D.O.B is 31-08-1978 , I would like to now the premium rates (half yearly) if I take a Jeevan Anand policy
for S.A :10,00000 /-
for Period : 15 years
and let me know what is the total amount I will get after 15 years. Can I get the cover for my life time after this term period?
thanks & regards,
Gangadhar
Hi All,
I have not registered LIC policy ( 687988145 ) online.
I paid the premium but I don’t have premium receipt of 2009.
How can i get this ??
** This is urgent as it is required for tax proof submission ***
SIR ,
If u required any requirement regard lic call me at 9787127437.
i am the LIC AGENT.
REGARDS,
A.MANIGANDAN
hello sir.
my mother is a widow,
so can i take any policy for her??
as i asked to one of LIC agent he told i can’t..
so please help me out in that case,
dear sir,
My policy no.910097173.
I had sent the discharge form alongwith the banker’s signature attestation the the respective branch more than one month back.
kindly advise the course of action taken.
Hello Sir/Madam,
date of birth –30-08-1979
LIC joined – 26-12-2003
Premium term – 20yrs
Sum Assured:Rs. – 1,00,000/-
prem. Rs. – 6179/-
Policy – LIC jeevan anand (plan no. 149 )
Please let me know, how much money I will receive on maturity?
Hello sir. my date of birth is 19-01-85 . know I am in cisf(paramiltery force)I want to know that if I (age 25) take Jeevan Anand policy and invest Rs.500000 for 21 yrs in,then what will be the amount of the premium per Qtr ? Also tell me the exact amount that I will get on maturity of the policy. Waiting for your reply. Thanks in advance.
Tabrej Reply:
January 29th, 2010 at 4:41 pm
I am not following you. Do you want to invest one time Rs.500000 or you need cover of Rs.500000 ? How much you want to pay premium per year for Jeevan Anand?
Hello Sir/Madam,
date of birth –19-01-1985
LIC joined – 22-01-2010
Premium term – 21yrs
Sum Assured:Rs. – 5,00,000/-
prem. Rs. – 6556/-for QTR
My policy No. -676383082
Policy – LIC jeevan anand (plan no. 149 )
Please let me know, how much money I will receive on maturity?
Reply
Hello/sir, i’m ollredy joined (jeevan anand) plan. 149 my policy No.823880868 [rqest for address ] becoz on the ricipt you mention Nyderabad so it is rong. right is (Hyderabad) pls. corect this…thank you…
My date of birth is 14th October 1952. Do you advice to join table no 149 for the term of 11 years and for sum assured 2,00,000 , what will be the annual premium and on maturity what will be the net amount ? if i collect maturity then risk cover shall remain continue/ pl. confirm.
tks
Hello sir. I want to know that if I (age 24) take Jeevan Anand policy and invest Rs.2Lacs for 18 yrs in,then what will be the amount of the premium per year? Also tell me the exact amount that I will get on maturity of the policy. Waiting for your reply. Thanks in advance.
Reply
Hello Sir/Madam,
date of birth –25-05-1978
LIC joined –
Premium term – 20yrs
Sum Assured:Rs. – 2,00,000/-
prem. Rs. – how much will be the premium?
Policy – LIC jeevan anand (plan no. 149 )
Please let me know, how much money I will receive on maturity?
Dear Sir
I have jeevan anand for 1 lakh. How much i will get maturity at the end.
i am paying LIC jeevan anand policy as quartelty 7056 rs. and the policy term is 20yrs and sum assured is 500000 how much amount i will get after 20 years
hello sir,i m from qatar(doha).i hered about jeevan annand plan….it seems good..i really wana do that policy..but can i know how on this policy what we pay it will become double……it includs any share on that?.and i ask mine many policy holder its not not true it will become double..please inform me on what guarenty i will pay on this…please i will be waiting for ur feedback.
Tabrej Reply:
March 23rd, 2010 at 1:43 pm
Jeevan Anand will give you double benefit. Your policy will continue even after the maturity.
how much i ll get on maturity policy no 300592640 sum assured 500000 dated 28082006 maturity date 28082022 premium Rs10156 annualy
i took a poliy of Rs 300000 for 27 years
how much i will get after27 yaers including bonus
Sir,\
If one is having policy of jeevan anand of 16 years, then one commits suicide with in 3 years. then he will receive the amount what he paid.
Regards,
Ajay
Hi,
If one commits succide with in 3 years,but his policy is 16 years. can his family members will recieve the amount what he paid.
Regards,
Ajay
Dear Sir/Madam,
I have taken a Jeevan Anand Policy, Sum Assured Rs.500000 for 20 years from last year. I already paid last year premium and next month am going to pay this year also. My dob is 23/06/1979. I want to know the exact amount that I will get on maturity of the policy. If you can please replay in my mail id. Waiting for your reply. Thanks in advance.
Dear Sir,
This is second time i am sending the message. I already started the Jeevan Anand Policy last year sum assured for 500000. I took the policy for 20 years. This is the 2nd year i am going to pay the premium. My dob is 23/06/1979. What i want to know that what is the exact maturity amout which i get after 20 years. And what I get when I want to surrender before 20 years.
Waiting for your replay,
Thanks & Regards
Pramod
Tabrej Reply:
May 27th, 2010 at 12:38 am
Maturity amount is SA+ Bonus. Check your proposal quotation for approx figure.
Sir/Madam,
I am sudhakar and DOB 12-02-1983. I took jeevan anand policy on 11-05-2006. My policy face value is 8 Lacs(Policy: 675072106 Plan :149) . I am visually handicapped guy.(By Birth).
I did not undergo any Medical check up before taking this policy.
Please let me know for this Jeevan Anand policy is medical check up is required???
Thanks,
Sudhakar.
I’ve paid 4 premiums of Jeevan Anand (yearly). Now I want to discontinue the policy because of various reasons. Can you tell me what would be the best option (Surrender / Paid-up/ decrease tenure).
The policy was bought on 28/03/2006. and sum assured was Rs. 30000. Please do tell me with exact/approx figures. Thanks.
Sir/ Madam
I have been approached by a agent from SARADA INSURANCE CONSULTANCY LIMITED REG OFFICE KOLKATA( claimed to be a corporate agent of LIC of India). Now I have a query regarding the agency whether it is genuine or not? .Please guide me…
Also if i opened a policy through them can i transfer the policy to Guwahati Branch of LIC?
Please guide me
c kalita
With ref to your response on my comment dated June 2nd -
What are the advantages/ disadvantages of paid up ?
What is the procedure of paidup ? I checked it up with my LIC agent and he doesnt know.
Sir/ Madam
My details are as under:
Name: Rajeev Sharma
Date of Birth: 10-07-1967
policy No. 153343736 Plan 149 58-21
date of commencement: 28-05-2009
date of maturity: 28-11-2029
sum assured: 3,00,000/-
hly instl. 8852/-
on this detail I want to know that what amount I will get at the maturity of policy and at my age of 62 years and after that
sir,
i just want to know that after getting the benefit of jeevn anand policy at the time of matured. the rest period up to 70 years i get benfit or not or if i want to close the jeevan anand policy after maturity, i get amount or not ?
sir,
My age is 34 Year
I want to make my policy(Jeevan Anand Endowment Assurance and Whole Life plans) for 22 Years.
I can pay a premium amount up to 25243/-rs per annum.
You are requested to kindly give me followinf details:-
1.how many lakhs policy I will get ?
2.After maturity What amount lic will paid to me?
Regards
Sidhartha
Hello Sir/Madam,
date of birth –27-03-1984
LIC joined – 21-05-2010
Premium term – 16yrs
Sum Assured:Rs. – 1,00,000/-
prem. Rs. – 1331/-for QTR
My policy No. -219465103
Policy – LIC new bima gold (plan no. 179 )
Please let me know, how much money I will receive on maturity?
Dear sir/mam ,
my date of birth is 27/03/1984, I want to open a policy of Jeevan ananda , what is my minimum premium per year?
policy term – 10yrs
& I want to know the exact amount that I will get on maturity of the policy. If you can please replay in my mail id. Waiting for your reply. Thanks in advance.
I got policy for Rs 3000 every month for 16 years. I hope this must help. Seems like a good scheme
i want to invest Rs 43000 per year(primyem) in jeevan anand policy till up to 30-31 year.plz send me tabuler calculation chart on my id.
Sir My date of birth is 01-07-1975 and I want know about Jeevan Anand policy, what will be the amount of the premium per year if I will do for either 1 lakh or 2 lakh Also tell me the exact amount that I will get on maturity of the policy. Waiting for your reply.
Dear sir/mam ,
my date of birth is 01/07/1975, I want to open a policy of Jeevan anand, what is my minimum premium per year? including table
policy term –
1. for 15yrs
2. for 20 yrs
& I want to know the exact amount that I will get on maturity of the policy. If you can please reply in my mail id. Waiting for your reply.
Thanks.
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Hello sir. I want to know that if I (age 26) take Jeevan Anand policy and invest Rs.200000 for 21 yrs in,then what will be the amount of the premium per year? Also tell me the exact amount that I will get on maturity of the policy. Waiting for your reply. Thanks in advance.
Reply