We authorized LIC advisor from Nellore please feel to free contact on 09666054555 or to get free quotes of life insurance and Health insurance quotes please log in to www.licagenthyderabad.in for all insurance plans for Life insurance Corporation of India.

Jeevan Anand plans for Life insurance Corporation of India

We authorized LIC advisor from Nellore please feel to free contact on 09666054555 or to get free quotes of life insurance and Health insurance quotes please log in to http://www.licagenthyderabad.in/

Money back plans:

JEEVAN ANAND

This policy is a combination of a whole life plan and with profit endowment plan. It is suitable for people who wish to provide for their dependents, insured sums, limit the premium payment term to their earning period and at the same time provide for their old age.

Salient Features

• The plan combines the virtues of both whole life plan and endowment plan.
• Under the plan, premiums are limited to the term chosen and benefits are payable on the date of maturity. But the insurance cover on the life assured continues till death, like a whole life policy.
• Bonus accrues during the premium paying term and is payable at the end of the premium paying term or on earlier death along with Final Additional Bonus. No Bonus is paid on death after the premium paying term.
• Double Accident Benefit is available during the premium paying term and thereafter up to age 70 where in additional sum assured is payable on death due to an accident. This benefit is built in and no additional premiums needs to be paid. Maximum Accident Cover available under this plan will be Rs. 5,00,000/- (this limit excludes accident benefit taken under other plans).
• Loans will be granted against the surrender value of the policy after payment of premiums for at least 3 years. Interest on such loans will be fixed by the corporation from time to time.
• Premium payment can be Monthly, Quarterly, Half yearly, Yearly and SSS

Jeevan Anand Policy For Example:

Mr. Mohan Nanda, aged 25 years, takes a Jeevan Anand (once cleck to jeevan Anand then go page jeevan anand enquire form) Policy for 25 yrs for 5 lakh. On maturity, Mr. Mohan Nanda will receive Rs. 10, 62,500 (Rs 5, 62,500 being estimated bonus at Rs 45 per thousand p.a.) but policy risk continues till Mr. Mohan Nanda is alive.

In case, Mr. Mohan Nanda dies (after PPT is over) at the age of 60 years, his nominee will get additional Rs. 5 lakh equal to S.A. amount. Since, Mr. Mohan Nanda has already received the bonus, second time bonus is not payable. In case, Mr. Mohan Nanda dies during PPT, his nominee will get Rs. 5 lakh + accrued bonus till Mr. Mohan Nanda’s dies.