LIC's Jeevan Anand Plan has got both the features of an Endowment Plan & a Whole-Life Insurance Plan. This is a with-profit plan and 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.

Eligibility
Minimum age at entry: 18 years
Maximum age at entry: 65 years
Minimum Term: 5 years
Maximum Term: 7 years
Maximum age at maturity: 75 years
Loan: available against this policy

How does the Plan work?
In case the policy holder dies during the term of the policy, the beneficiary is paid the sum assured & the accrued bonuses after which the policy will terminate.

In case the policy holder survives up to maturity, then he is paid the amount equal to sum assured & the accumulated bonuses. The risk cover continues thereafter till the death of the policy holder, on which an amount equal to the sum assured will be paid out further.

Benefits
Death Benefit during the policy term:
The Sum Assured along with the vested bonuses is payable on death in a lump sum.

Survival Benefits
The Sum Assured along with the vested bonuses is payable in a lump sum on survival to the end of the term. An additional Sum Assured is payable on death thereafter.

Accident Benefit Rider
An additional Sum Assured (subject to a limit of Rs.5 lakh) is payable in a lump sum on death due to accident up to age 70 of life assured.