LIC Insurance Plans

INCOME-TAX RATES AND TAX BENEFITS FROM LIFE INSURANCE SOME IMPORTANT INCOME TAX BENEFITS AVAILABLE UNDER VARIOUS PLANS - The deduction allowed for Income payment of Life Insurance Premium (Sec. 80C). (a)     Before the 31st day of March 2012, exemption of 20% of capital sum assured a or premium paid whichever is less will be provided to the policyholder if the Life insurance policy purchased for himself or for the spouse or any child of the policyholder. (b)    After the 1st day of April 2012, exemption of 10% of capital sum assured a or premium paid whichever is less will be provided to the policyholder if the Life insurance policy purchased for himself or for the spouse or any child of the policyholder. the exemption will be provided to the policyholder if the insurance on the life of any person is— (i) A person with a disability or a person with a severe disability as referred to in section 80U, or  (ii) Suffering from disease or ailment as specified in the rules made

LIC New Jeevan Anand is a participating non-linked policy which provides full protection and creates a safety net around the policyholder and his family. Life is unpredictable so as Death so it becomes important for us to secure our family at the time of our absence. This plan offers an appealing package of life insurance and savings. Earlier this plan was known as Jeevan Anand table no 149 the LIC company relaunched this plan as " LIC New Jeevan Anand Table No 815 ". Relaunch- What's the difference? LIC Jeevan Anand re-launched their one of the most popular plan with some more added bonus.  In the earlier plan, on the death of the insured during the policy term, the nominee of the policy is entitled to receive Sum Assured + Reversionary Bonus. While in case of death of the insured after the policy maturity term, he shall receive only an additional Sum Assured value. In the relaunched edition of the Jeevan Anand insurance plan, the nominee of the policy in cas