Friends, today we are going to know about LIC Jeevan Anand Plan 915 in this post. What is LIC Jeevan Anand Plan 915, what are its benefits and Eligibility Conditions, what documents will we need to take it and why should we buy this plan, etc., we will know everything in this post.
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What is LIC Jeevan Anand Plan 915
LIC started this plan on 1 February 2020. LIC Jeevan Anand Plan 915 is one such plan, which gives us both savings and protection. The main feature of this plan is that in this we get money only after the completion of the policy. But in case of our death, the sum assured is also paid to the nominee of the family. For this, we do not have to pay a separate premium.
This means that even after maturity, the person taking the insurance remains insured. Hence it is also called double death benefit plan. This plan has average premium and high bonus rate. Also, this plan is not a market risk linked plan. This plan is called the most popular endowment plan of LIC, as it is the largest selling endowment plan by LIC.
LIC Jeevan Anand Plan 915 Criteria
Entry Age 18 Years 50 Years
Policy Term 15 Years 35 Years
Maturity Age N/A 75 Years
Sum Assured Rs. 100,000 /- no limit
Payment Types Monthly, Quarterly, Half Yearly, Yearly
Documents required to buy LIC Jeevan Anand Plan 915
To take this plan of LIC, you will need some primary documents mentioned below.
• Aadhar Card
• pan card
• application
• Age Proof
• residence certificate
• One passport size photo
• Medical Examination Certificate
• KYC Documents
(Read More – LIC Micro Bachat Plan 951)
Benefits of LIC Jeevan Anand Plan 915
There are three main benefits of LIC Jeevan Anand Plan 915. Death Benefit, Tax Benefit and Premium Payment Mode Benefit. Apart from this, there are many benefits, which we are going to know below.
Death Benefit :
In case of death of the life assured during the term of the policy, the death benefit of the Sum Assured + Simple Reversionary Bonuses + Final Additional Bonus, if any, will be paid to the nominee of the policy.
Death Benefit Sum Assured means that 125% of the Basic Sum Assured or 10 times the annualized premium, whichever is higher, will be paid to the nominee. In this the Sum Assured shall not be less than 105% of all the premiums paid.
Tax Benefit :
In LIC Jeevan Anand plan, the person taking the insurance under Section 80 and Section 10(10D) of the Income Tax Act gets the benefit of tax on the premiums paid as well as the claims received.
Premium Payment Mode Benefits :
LIC Jeevan Anand Plan 915 gives us the flexibility to pay premiums monthly, quarterly, half-yearly and annually. In this plan, if we pay the annual premium, then we get a discount of 2%. If we pay half yearly premium, we get a rebate of 1%. But we do not get any discount in monthly and quarterly.
other benefits :
• In LIC Jeevan Anand Plan 915, LIC company pays twice to the person taking the insurance. Once during his life he is paid the maturity amount and second time after the death of the life assured, the company pays to his family.
• LIC’s Jeevan Anand Plan 915 is very beneficial for such people who want to take returns while they are alive and want to leave an assured amount for their family even after their death. It benefits you while you are alive and your family after death.
• The plan comes with Accidental Death and Permanent Disability Benefit riders. This plan gives you the added benefit of insurance if you die in an accident or become permanently disabled.
• Surrender and loan facility can be available in this plan after paying premium for at least 2 years.