LIC JEEVAN ANAND
LIC JEEVAN ANAND is the most popular plan among all the plans from LIC.
Jeevan Anand is a combination of Endowment Assurance and Whole Life plan.
It provides financial protection against death throughout the lifetime of the Life Assured.
At the end of the premium paying term, a predecided Sum Assured along with the Bonus is paid. Still, the risk cover on life continues until death.
The premium paying term can be chosen as per the convenience.
Sum Assured along with bonus accured will be paid at the end of this premium paying term or on death before the end of premium paying term.
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 feature does not attract any extra premium.
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.
Benefits:
Survival Benefit:The Sum Assured along with the vested bonus is payable in lump sum to the policy holder on suvival to the end of the term.
Accident Benefit:Accident benefit is available in this plan during the premium paying term and thereafter up to the age of 70. Maximum accident cover available under this plan is Rs. 5 lakhs
Death Benefit:Sum Assured along with vested bonuses are payable on death during the premium paying term and when policy ceases. An amount equal to the Sum Assured is payable if death occurs after the premium paying term. Simple Revirsionary Bonus accrued during the premium paying term is payable at the end of the premium paying term or on earlier death along with final additional bonus, if any. No Bonus is paid on death after the premium paying term.
For further details please call 9945689986 or log on to www.licbangalore.co.in
