LIC Jeevan Anand 9980940508

Plan815

LIC New Jeevan Anand - Endowment Plan

LIC Jeevan Anand
LIC Jeevan Anand is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan.

The plan provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death. Moderate Premiums, High bonus, high liquidity and Savings oriented policy. Premiums are usually payable for the selected term of years or until death if it occurs during the term period. This policy not only makes provisions for the family of the Life Assured in event of his early death but also assures a lump sum at a desired age.

Key Features of LIC Jeevan Anand Plan
This plan is an endowment cum whole life plan
Maturity Benefit is Sum Assured + accrued Bonus and the Life Cover continues till death
Death Benefit after Policy Maturity is only Sum Assured
Death Benefit before Policy Maturity is Sum Assured + accrued Bonus
Simple Reversionary Bonus is payable on maturity or earlier death.
Accidental Death and Disability Benefit is an inbuilt feature in this plan
Optional higher cover through 1 additional rider of Critical Illness Benefit.
This plan can be provided to people with hazardous occupation with additional premium.
Large Sum Assured rebate is also provided

Bonus
Jeevan Anand gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.
Eligibility Conditions and Other Restriction :
a) Minimum Basic Sum Assured : Rs. 100,000
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 (nearest birthday)
e) Maximum Maturity Age : 75 years (nearest birthday)
f) Minimum Policy Term : 15 years
g) Maximum Policy Term : 35 years

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