New Jeevan Anand table 915 is a non linked, with profit plan endowment plan. This is a transformed version of old Jeevan Anand table 149 policy. This plan gives protection for lifetime as well as great savings. A lumpsum is provided if the insured is survived, if .
Detail Benefits and Features
Below are detailed benefits and features of New Jeevan Anand plan:
Death Benefits
If death occurs during term of policy, one time SUM Assured with vested bonus and final additional bonus, if any would be given. On the other hand if death occurs after premium payment term of insurance, a basic SUM Assured will be given. Sum Assured on death shall be Higher of 125% of Basic Sum Assured or 10 times Annual Premium.
Maturity Benefits
When policy is matured, one basic SUM Assured along with simple reversionary bonus and final bonus, if any will be given in New Jeevan Anand.
Tax Saving Benefits
Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)
Jeevan Anand Bonus
Jeevan Anand is a with-profit plan. Each policy holder of Jeevan Anand gets bonus, as a share of corporation's business profit. Simple reversionary bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Death sum assured would be greater than 125% of basic sum assured or equal to 10 times of annual premium paid.
Policy Eligibility
Age at entry: 18 to 50 years
Maximum Age of Maturity: Maximum 75 Years
Policy Term: 15 to 35 years
Premium Payment: Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured: 100000 and above (In multiples of 5000)
Disclaimer: Above stated data is for information purpose only. We will be not liable for any decision taken on basis of above information. Readers of this web page are responsible for checking the accuracy.
Jeewan Anand Policy :-
Maximum Age of Maturity: Maximum 75 Years
Policy Term: 15 to 35 years
Premium Payment: Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
Basic Sum Assured: 100000 and above (In multiples of 5000)
Disclaimer: Above stated data is for information purpose only. We will be not liable for any decision taken on basis of above information. Readers of this web page are responsible for checking the accuracy.
Jeewan Anand Policy :-
Those
who are investing in New Jeevan Anand Policy avail with the annual bonus as well as timely withdrawal for purchasing the life insurance
policy. The policy aims at paying accidental death benefits along
with disability benefits at the maturity of the benefits. If
you have invested in LIC Jeevan Anand policy then it will be
beneficial for you to attain safe returns. The policy aims at
providing accidental claim in case when policy holder is not fit and
taken to the hospital can withdraw the money.
