Best Plan of LIC
Jeevan Anand an Endowment Assurance + Whole Life plan-
Jeevan Anand is the combination of Endowment Assurance and Whole Life plan.
The risk cover will continue even after the maturity that means Zindagi Ke Saath Bhi Zindagi Ke Bad Bhi……
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.
For Example: Mr. Rajender, age 25 years, takes Jeevan Anand policy for 25 years for Sum Assured Rs. 1 lakh. Now on Maturity Rajender 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. Rajender, dies (When premium paying time is over) at the age of 60 years, his nominee will get additional Rs. 100,000 equal to sum assured amount. Since Mr. Rajender has already received the bonus, LIC will not pay second time bonus.
In case, Mr. Rajender dies during the Premium Paying Term, his nominee will get Rs.1 Lakh (sum Assured) + Accrued bonus till Mr. Rajender’s death.
Key Features:
1) Jeevan Anand is the combination of whole Life and Endowment Assurance plan.
2) Double accidental cover up to age 70
3) Even after the Premium Paying Term (PPT) is over, risk cover continues till the death of the Policy Holder
4) Limited premium payments.
5) Accident Benefit is available during the Premium paying term and thereafter up to age 70
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