Jeevan Anand is one of the popular plan from LIC (Life Insurance Corporation.).
LIC's Jeevan Anand is a With Profit assurance plan.
The plan is a combination of the Whole Life Plan and the most popular Endowment Assurance Plan.
Jeevan Anand Policy provides pre-decided Sum Assured and bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death.
Salient Features
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 premium needs to be paid.
No comments:
Post a Comment