Child Future Plan

Child Future Plan Suitable For : Specially designed to meet the increasing educational and other needs of growing children Features : Provides risk cover not only during the policy term but also during extended term (i.e., 7 years after the expiry of policy term. Option to choose Sum Assured, Maturity Age, Policy Term, Mode of Premium Payment and Premium Waiver Benefit. Auto risk cover in case of non-payment of premiums for 2 years The total returns are 115% of the Sum Assured + Vested Bonus + Terminal Bonus (if any) Benefits : Survival Benefits : On life assured surviving to the end of the specified durations an amount as specified below is payable 5 years before the date of expiry of policy term – 25% of the Sum Assured 4 years before the date of expiry of policy term – 10% of the Sum Assured 3 years before the date of expiry of policy term – 10% of the Sum Assured 2 years before the date of expiry of policy term – 10% of the Sum Assured 1 year before the date of expiry of policy term – 10% of the Sum Assured On the date of expiry of policy term – 50% of the Sum Assured along with vested bonus + terminal bonus (if any) is payable. Death Benefits : On death after the date of commencement of risk (i) If death occurs within the period from date of commencement of risk to 5 years before the date of expiry of policy term, Sum Assurance along with Vested Simple Reversionary Bonuses and Final Additional Bonus(if any) is payable. (ii) If death occurs within 5 years befpre the date of expiry of policy term, Sum Assured along with Final Additional Bonus(if any) is payable. (iii) On death during the extended term : Sum Assured is payable. (iv) On death before the commencement of Risk, All the premiums (excluding extra premium and Premium Waiver Benefit if any) along with interest of 3% p.a. compounding yearly shall be payable. Policy Conditions : Minimum Age at entry : 0 years (last birthday) Max Age at entry : 12 years(last birthday) Min Maturity Age : 23 years (last birthday) Max Maturity Age : 27 years (last birthday) Min Sum Assured : Rs.100000 Max Sum Assured : Rs.100,00,000 Policy Term : 11 to 27 years Premium Paying Term : 6 years and policy term less 5 years For Proposer (if PWB is opted for) : Minimum Age at entry : 18 years (completed) Max Age at entry : 55 years (nearest birthday) Max Age at the end of PPT : 70 years (nearer birthday)

Jeevan Anand

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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