JEEVAN ANAND LIFE INSURANCE POLICY BY LIC (Table: 149)
JEEVAN ANAND LIFE INSURANCE POLICY BY LIC (Table: 149)
JEEVAN ANAND LIFE INSURANCE POLICY BY LIC (Table: 149)
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Phone: +91-919550664449<br />
<strong>JEEVAN</strong> <strong>ANAND</strong> <strong>LIFE</strong> <strong>INSURANCE</strong> <strong>PO<strong>LIC</strong>Y</strong> <strong>BY</strong> <strong>LIC</strong><br />
(<strong>Table</strong>: <strong>149</strong>)<br />
Features of plan<br />
Jeevan Anand plan is the combination of whole life policy and endowment insurance policy the plan<br />
provides the per-decided S.A. and bonus at the end of the stipulated PPT, but the risk cover on the life<br />
continues till death. This policy is suitable for the people of all ages and social groups. The policyholder<br />
will be benefited by giving protection to their families from a financial setback that may occur owing to<br />
their demise The amount assured if not paid by reason of his death earlier will be payable at the end<br />
of the endowment term where it can be invested in an annuity provision for the rest of the<br />
policyholder's of this plan is moderate premiums, high liquidity, saving oriented.<br />
Premiums are usually payable for the selected term of years or until death if it occurs during the term<br />
period. Accident benefit is available during engaged in hazardous occupations attracting occupational<br />
extra.<br />
Plan parameters<br />
Age at entry<br />
: Min.18 yrs Max. 65 yrs.<br />
PPT maturity age<br />
: Max. 75 yrs<br />
Sum assured<br />
: Min. 1,00,000 Max. No. Limit<br />
S.A. in multiples : 5000<br />
Term<br />
: Min.5 yrs Max. 57 yrs<br />
Mode of payment<br />
: YLY/HLY/QLY/SSS/MLY<br />
Accident benefit<br />
: Incl. in. T.P.<br />
Policy loan<br />
: yes<br />
Housing loan<br />
: yes<br />
Assignment<br />
: yes<br />
Revival<br />
: yes<br />
Surrender of policy<br />
: yes<br />
Term rider<br />
: N.A.<br />
CIR<br />
: yes<br />
UNDERWRITING CONDITION<br />
Form no<br />
: 300 (rev.)<br />
Age proof : std/ NSAP- 1,2,3<br />
Female lives category<br />
: I/II/III<br />
Non-medical (Gen)<br />
: Allowed<br />
Non-medical (Prof)<br />
: Allowed<br />
Non-medical (special)<br />
: Allowed<br />
Actual sum assured<br />
: Basic SA<br />
Risk coverage<br />
: SA+ Bonus<br />
Dating back @ 8%<br />
: Allowed
Phone: +91-919550664449<br />
BENEFITS<br />
Maturity benefit: S.A. +Bonus + FAB, if any is at the end of the premium paying term (PPT)<br />
Death benefit:<br />
If death occurs during the premium paying term S.A. + Bonus +FAB, if any is payable and premium<br />
payment is ceased. An extra amount equal to the S.A. is payable if death occurs after the premium<br />
paying term. No bonus is paid on death after the premium paying term.<br />
Accident benefit: The double accident benefit is available during the premium paying term and<br />
thereafter up to age 70. the premium for this has been built into the tabular premium rate.<br />
Example: Mr. Sharad Pawar 25 years, opts for jeevan anand policy for 20 years with S.A. Rs.1 Lac.<br />
He has to pay annual premium of Rs.5490/- on maturity, Mr. Sharad Pawar will get Rs.1,98,000/-<br />
(S.A. + Bonus as per 2005 rates i.e. Rs.43 per thousand per annum which become 43 x 100 x 20 =<br />
86,000/-). Even after the premium paying term is over, risk cover continues till the death of Mr.<br />
Sharad Pawar.<br />
But if, Mr. Sharad Pawar dies at the age of 65 years his nominee will get an additional amount equal<br />
to the S.A. i. e. Rs.1 Lac in cash, Mr. Sharad Pawar dies during premium paying term his nominee will<br />
receive Rs. 1Lac + accumulated Bonus.<br />
Get In Touch<br />
Satya Surya Financial Services<br />
Somajiguda, near Keerthilal Jewelers, Hyderabad-500082<br />
Web: http://www.ssfinserv.com<br />
Email: ssfinserv@live<br />
Phone: +91- 95506 64449 / 9492034908
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