Friday, July 3, 2009

Jeevan Anand

Jeevan Anand

Endowment plus whole Life Plan

Example Of Jeevan Anand Plan

Example: Mr. Raj, age 25 years, takes Jeevan Anand policy for 25 years for Sum Assured Rs. 1 lakh. Now on Maturity Raj will receive Rs. 2,12,500/- (Rs. 1 lakh sum assured Plus Rs.1,12,500/- is the estimated bonus at Rs.45/- per thousand per year.)

In case, Mr. Raj, dies (After premium paying term is over) at the age of 60 years, his nominee will get additional Rs. 1 lakh equal to sum assured amount. Since Mr. Raj has already received the bonus, LIC will not pay second time bonus.

In case, Mr. Raj dies during the Premium Paying Term, his nominee will get Rs.1 Lakh (sum Assured) + Accrued bonus till Mr. Raj’s death

Key features of Jeevan Anand

§ Limited premium payments.

§ Double accidental cover upto age 70.

§ Whole life risk cover, even after you stops paying premiums,

§ Encashment/Surrender of the policy after maturity. [New Feature added to

this plan]

§ Tax Savings available as per income tax rules


Following premiums paying modes are available underJeevan Anand

§ Yearly

§ Half Yearly

§ Quarterly

§ Monthly

§ Salary deductions also available

Bonuses Detail Jeevan Anand:

§ LIC of India declares Simple Revisionary Bonuses 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,

§ Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period.

§ Benefits in case of survival to the end of selected term:
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 Risk cover under Jeevan Anand:
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 installments.

Supplementary Benefits/Riders:
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.

Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium. Any extra premium(s) paid and premium(s) towards Accident Benefit are also excluded.

Eligibility Conditions and Restrictions:

a:) Minimum Entry Age: 18 Years completed
b:) Maximum Entry Age: 65 Years
c:) Max. PPT Mat. Age: 75 years
d:) Min. Premium term: 5 yrs
e:) Max Premium term: 57 yrs
f:) Minimum Sum Assured: Rs. 1,00,000/-
g:) Maximum Sum Assured: No Limit
h:) Risk cover: Sum Assured + Bonus
i:) Loan on policy: Avaialable
j:) Housing loan : Avaialable

Please Contact for more Details on this Policy

Harish Tiwari: 9212201725, 9899615363


Krishna said...

Loans Against LIC Policy

LIC OF INDIA said...

please visit for more detail on this