Call Me for New Policy In Chennai : 9444558278
LIC's New Jeevan Anand Plan is a participating non-linked plan which
offers an attractive combination of protection and savings. This
combination provides
financial protection against death throughout the lifetime of the
policyholder with the provision of payment of lumpsum at the end of the
selected policy
term in case of his/her survival. This plan also takes care of
liquidity needs through its loan facility.
1.
Benefits:
Death benefit
:
Provided all due premiums have been paid, the following death benefit shall be paid:
On Death during the policy term: Death benefit, defined as sum of
Sum Assured on Death and vested Simple Reversionary Bonuses and
Final Additional bonus, if any, shall be payable. Where,
Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10
times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
On death of policyholder at any time after policy term: Basic Sum Assured
Benefits payable at the end of Policy Term:
Basic Sum Assured, along with vested Simple Reversionary Bonuses and
Final Additional Bonus, if any, shall be payable in lump sum on
survival to the end of
the policy term provided all due premiums have been paid.
Participation in Profits
: The policy shall participate in profits of the Corporation and
shall be entitled to receive Simple Reversionary Bonuses declared as per
the experience of
the Corporation during policy term provided the policy is in full
force.
Final (Additional) Bonus may also be declared under the plan in the
year when the policy results into death claim during the policy term or
due for the
survival benefit payment provided the policy is in full force and
has run for certain minimum term.
2.
Optional Benefit:
LIC's Accidental Death and Disability Benefit Rider:
LIC's Accidental Death and Disability Benefit Rider is available as
an optional rider by payment of additional premium during the policy
term. In case of
accidental death during the policy term, Accident Benefit Sum
Assured will be payable as lumpsum along with the death benefit under
the basic plan. In case
of accidental permanent disability arising due to accident (within
180 days from the date of accident), an amount equal to the Accident
Benefit Sum Assured
will be paid in equal monthly installments spread over 10 years and
future premiums for Accident Benefit Sum Assured as well as premiums for
the portion of
Basic Sum Assured which is equal to Accident Benefit Sum Assured
under the policy, shall be waived.
