Jeevan Anand

LIC’s New Jeevan Anand Plan is a non-linked, participating individual life insurance plan. It offers a blend of protection and savings, providing lifelong financial protection in the event of the policyholder’s death and a lump sum payout upon surviving the selected policy term. Additionally, it offers a loan facility to address liquidity needs.


Death Benefit

Death Benefit:

  1. If the policyholder passes away during the policy term, the payout includes the ‘Sum Assured on Death,’ which is the higher of 125% of the Basic Sum Assured or 7 times the annual premium. This benefit will not be less than 105% of the total premiums paid, excluding taxes and additional premiums.

  2. If the policyholder passes away after the policy term has ended, the payout is the Basic Sum Assured.

Benefits payable at the end of Policy Term (i.e. On Maturity):

If the policyholder survives to the specified maturity date, and the policy is active with all premiums paid, they will receive the ‘Sum Assured on Maturity.’ This sum includes the Basic Sum Assured, vested Simple Reversionary Bonuses, and any Final Additional Bonus, if applicable. The ‘Sum Assured on Maturity’ is equal to the Basic Sum Assured.

Maturity benefit
Maturity Benefit

Participation in Profits

The policy is eligible for Simple Reversionary Bonuses declared based on the corporation’s performance during the policy term, as long as the policy is in force. Additionally, a Final Additional Bonus may be declared in the year when the policy matures or in the event of a death claim during the policy term, provided the policy is in force. Final Additional Bonuses are not applicable to paid-up policies.

The allocation of surplus from actuarial investigations to policyholders is subject to approval by the Central Government in accordance with provisions under the LIC Act, 1956.

Eligibility Conditions

a) Minimum Basic Sum Assured 100000
b) Maximum Basic Sum Assured No Limit
(The Basic Sum Assured shall be in multiples of Rs 5000/-)
c) Minimum Age at entry 18 years (completed)
d) Maximum Age at entry 50 years (nearer birthday)
e) Maximum Maturity Age 75 years (nearer birthday)
f) Minimum Policy Term 15 years
f) Maximum Policy Term 35 years

Payment Options Available

Mode of Instalment payment Minimum instalment amount
Monthly Rs 5,000/-
Quarterly Rs 15,000/-
Half-Yearly Rs 25,000/-
Yearly Rs 50,000/-


Suicide Clause:
i. If the Life Assured (whether sane or insane) commits suicide within 12 months from the policy’s commencement of risk, the policy will be void. In such cases, the Corporation will not entertain any claim under the policy, except for refunding 80% of the total premiums paid, provided the policy is in force.
ii. If the Life Assured (whether sane or insane) commits suicide within 12 months from the date of policy revival, the Corporation will pay an amount equal to the higher of 80% of the total premiums paid till the date of death or the surrender value available as on the date of death. No other claims under this policy will be entertained in such situations.
This clause does not apply to policies that have lapsed without acquiring paid-up value, and no payout will be made for such policies.
Note: The premiums mentioned above do not include any taxes, extra premiums, or rider premiums, except for the Term Assurance rider, if applicable.

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