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Mr.Pradeep Diwan
LIC Agent
7C / 8C, Parekh Nagar Indl. Estate,
S. V. Road, Kandivli (West), Mumbai -
400067
Maharashtra, India.
Tel: 28050377/
28055576
Fax: 28056748
Cell: 9324422924
pradeep@licinsurance.com |
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JEEVAN
ANAND
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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.
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The
plan combines the virtues of both whole life
plan and endowment plan
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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
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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.
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Double
Accident Benefit is available during the premium
paying term and thereafter up to age 70 wherein
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 lakh ( this limit
excludes accident benefit taken under other
plans)
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Premium
payment can be Monthly, Quarterly, Half yearly,
Yearly and SSS
Benefits
On Survival
to maturity
On Death within
the term:
On death after
the term of the policy:
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Minimum
Sum Assured : Rs.100,000
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Minimum
premium must be Rs.800 per annum
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Minimum
age at entry :18 years
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Premium
Paying term : 5-57 years
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Maximum
age at entry : 65 years normally but 60 years
for single premium policy
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