For
more details please contact 9443388475,9994760712,9488760712
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.
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