Please forward this error screen to 72. Jeevan Anand is the combination of Endowment Assurance and Whole Life plan. 149 provides financial protection against death throughout the lifetime one time investment plan for child in lic the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.
Pankaj, age 25 years, takes Jeevan Anand policy for 25 years for Sum Assured Rs. Now on Maturity Pankaj will receive Rs. 1 lakh sum assured Plus Rs. 60 years, his nominee will get additional Rs. 1 lakh equal to sum assured amount. Pankaj has already received the bonus, LIC will not pay second time bonus. Pankaj dies during the Premium Paying Term, his nominee will get Rs.
LIC Jeevan Anand is the combination of Whole Life and Endowment Assurance plan. Accident Benefit is available during the Premium paying term and thereafter upto age 70. Double accidental cover upto age 70. You can pay premium yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the selected term of the policy or till earlier death. LIC Jeevan Anand Plan Premiums are limited. You only pay till the selected term of years or until death if it occurs during the term period.
This policy not only makes provisions for the family of the life assured in the event of early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of policy holders life or in any other way considered suitable at that time. If payment of premiums ceases after at least 3 years premiums have been paid, a free paid-up policy for a reduced sum assured will be automatically secured provided the reduced sum assured, exclusive of any attached bonus, is not less than Rs. The reduced sum assured will become payable on the event as stipulated in the policy. Jeevan Anand is a with-profit insurance plan and participates in the profits of the Corporation’s life insurance business. You will get the profit in the form of Bonuses.
Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once the bonus is declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Sum Assured along with all vested bonuses payable at the end of the term to the policy holder.
Sum Assured along with vested bonuses are payable on death during the premium paying term. An amount equal to the Sum Assured is payable if death occurs after the premium paying term. Simple Reversionary 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, if any. 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. In case of permanent disability of the life assured due to accident this additional Sum assured is payable in instalments. Buying a life insurance contract is a long-term commitment.
However, surrender values are available on the plan on earlier termination of the contract. The policy may be surrendered after it has been in force for 3 years or more. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable on death or at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. Who should buy Jeevan Anand policy?
Since Jeevan Anand is an endowment assurance plus whole life policy, this plan is apt for people of of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise. 149 and term 62 what does this mean. I want to know about jeevan anand policy. If I am to go for a LIC Jeevan Anand policy of Sum assured Rs 5,00,000 for 20 years, what will be my annual premium? What will be my returns at the end of the accumulation period?
Could you tell me that it is possible to become a policy holder, and shall I get the loan or not? I m hopefully waiting for your advise. I am a retired person age 62. 15 years and premium payment period of about 5 years. Pl send me details of available plans and also suggest a best one. Please let me know, how much money I will receive on maturity? IRDA approved agent from bharatpur raj .
I can tell you premium and sun assured if you provide me your age. It is impossible to tell the maturity value. Tell me the yearly primum as well as maturity value. 1o yera me 30 lakha ,15 yers me 4o lakha or 20 yers me 5o lakha mechurity per chahi ye to muje kitna priumum bharna hoga or insurance kitana mile ga to muje lic ke plan ke bare me samaj dijiye ok to plz replay me sir . Maine lic ka jeevan anand pension plan le rkha hai age 23 saal hai premium 6 month me 18500 jati hai teen saal complete ho chuke hai,surrender krne par kitna value vapas milega.
I have taken Jeevan Anand Policy, Date of Policy is 06 Aug 2008. 4 year completed, no missed single primium till date. Now I want withdraw this policy, please let me know the sum assured value as on today. Sir I want to LIC policy on name my niece which is 11 month old.