List of LIC's closed plans

Following Plans has been withdrawn by LIC of india.
And these plans are not available for sale after 31st December 2014

Jeevan Nischay
Market Plus I
Wealth Plus
Profit Plus
LIC Jeevan Aastha
LIC Money Plus-I
LIC Jeevan Varsha
LIC Child Fortune Plus
LIC Fortune Plus
LIC Jeevan Saathi Plus
lic Health Plus
LIC Samridhi Plus
LIC Pension Plus
LIC Jeevan Nidhi
lic New Jeevan Dhara-I
LIC New Jeevan Suraksha-I
Jeevan Vriddhi
LIC Jeevan Vaibhav (Single Premium Endowment Assurance Plan)
Jeevan Sugam
Two Year Temporary Assurance Policy
LIC Mortgage Redemption Flexi Plus
CDA Endowment Vesting At 21
CDA Endowment Vesting At 18
The Whole Life Policy- 
Limited Payment Health Protection Plus
Jeevan Arogya
Bima Account 1
The Whole Life Policy
Bima Account 2
Jeevan Pramukh
Jeevan Mitra(Double Cover Endowment Plan)
Anmol Jeevan-I
New Jeevan Nidhi
Jeevan Amrit
Jeevan Surabhi-25 Years
Jeevan Bharthi-I
Jeevan Surabhi-20 Years
The Money Back Policy-25
Years Jeevan Mitra(Triple Cover Endowment Plan)
Jeevan Surabhi-15 Years
The Whole Life Policy- Single Premium
Jeevan Anurag
Komal Jeevan
Child Career Plan
Child Future Plan
Jeevan Kishore
Jeevan Chhaya
Marriage Endowment Educational Annuity Plan
Jeevan Saathi
Jeevan Shree-I
Jeevan Ankur
The Endowment Assurance Policy - Limited Payment
New Janaraksha Plan
The Money Back Policy - 20 Years
Jeevan Tarang
The Endowment Assurance Policy
Jeevan Anand
Bima Bachat
Jeevan Aadhar
Jeevan Vishwas
Endowment Plus
New Bima Gold
Bima Nivesh 2005
Jeevan Saral
Jeevan Deep
Jeevan Mangal
Jeevan Madhur
Jeevan Mangal
Amulya Jeevan-I

Jeevan Anand

Jeevan Anand - Table No. 149 {Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi

Jeevan Anand:

This plan is a combination of Endowment Assurance and WholeLife plans. It 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. The speciality of this plan is Moderate Premiums, High Bonus, High Liquidity, Savings oriented.

Product Highlight:

• Double benefits - Double Maturity
• The premiums need to be paid for maximum of 75 Years.
• The minimum age at entry is 18 years, while the maximum age is 65 years.
• The minimum sum assured is Rs. 1 lakh while there is no maximum limit.
• The minimum term is 5 years while the maximum term is 57 years.
• The premium can be paid on a Quaterly, Half-yearly or yearly basis.
• This is a "with profits" plan which pays reversionary non-guranteed bonuses at the end of every financial year.
• Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.
• Tax benifits under section 88 for the premium paid+the maturity/death proceeds received are Tax Free.
• No private company is having such type of plan.

 Benefits:

Maturity Benefit:

When the policyholder survives till date of maturity and policy is in force the benefits payable are

 Full Sum Assured+Vested Bonuses+Final Additional Bonus.

 Risk cover continues after maturity without need to pay premium upto 100 years.

  

Death Benefit:

 If death occurs during the premium paying term Sum Assured+Bonus+FAB, if any is payable and premium

 payment is ceased. An extra amount equal to the S.A is payable if death occurs after the premium paying

 term.

Accident Benefit:

 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. In case of permanent disability of the life assured due to

 accident this additional Sum assured is payable in instalments.

  

Extra Benefits:

 These are the optional benefits that can be added to your basic plan for extra protection/option. An

 additional premium is required to be paid for these benefits.

  

Surrender Value:

 Buying a life insurance contract is a long-term commitment. However,surrender values are available on

 the plan on earlier termination of the contract.

  

Example: Mr.Rakesh 25 years, opts for Jeevan Anand for 20 years with S.A of Rs. 1 Lac. He has to pay

 annual premium of Rs. 5490/- On maturity, Mr. Rakesh will get Rs.1,98,000+FAB if any. Even after the

 premium Term is over, risk cover continues till the death of Mr. Rakesh.

 But if, Mr. Rakesh dies at the age of 70 years his nominee will get an additional amount equal to the Sum

 Assured i.e Rs. 1 Lac.