New LIC Jeevan Anand Policy from LIC of India

Oct. 5, 2012 - PRLog -- "October 5, 2012 –New Delhi, India, LIC of India is one of the top life insurance company of India started in 1956. LIC is a state owned with 100% stake of Government of India. Company has more than 2000 branch and 8 zonal offices in India in more than 54 cities with 250 million lives insured.
LIC of India provides life insurance products like term insurance, retirement plans, children plan, unit linked plans, medical insurance and more.
LIC Jeevan Anand is one of them with Endowment Assurance as well as Whole Life plan. This policy has great maturity benefits and the death cover throughout the lifetime. Being a with profit plan it also participate in bonus distributed by corporation. Thus the maturity benefit in this plan comes with SUM assured and the accrued bonuses.
Death cover in Jeevan Anand is equal to one Sum assured  along with  vested bonus in lump sum will be payable to nominee.
This policy gives special benefit for Accidental benefit. An additional sum assured is given in case of accidental death. Same is also applicable for permanent disability due to accident but the additional sum assured will be given in installments.
If insurance is surrendered before maturity, surrender value will be return as guaranteed surrender value if the policy has been in force for at least 3 years or more. Guaranteed surrender value will be equal to 30% of total premium pad excluding first year premium.
Premium paid in Jeevan Anand (http://www.jeevananandplan.in/ ) policy are tax excepted under section 80C and claim received under section 10 (10D) as per IT Act 196.
Premium can be paid monthly / quarterly / half yearly or yearly. Loan facility also available after 3 or more years successful premium payments.
Read Jeevan Anand review (http://www.jeevananandplan.in/jeevan-anand-review.php ) and discussion for more details.
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