Feb 06, 2008 06:25 PM
79558 Views
(Updated Feb 07, 2008 10:46 AM)
Hi. Jeevan Anand is really good having excellent returns and very much beneficial. As I am the LIC Agent and Engineer too, I found it very Beneficial in terms of Tax Benefits, Long term Benefits and Helpful to Family too.
This plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.
Min/Max age at entry: 18/65
Min/Max term: 5/57
Maximum maturity age: 1 lac
Double Accident Benefit:
*Tax Benefits
On survival of the term, Basic sum assured+ Reversionary bonus+ Final Additional Bonus, if any, is payable, but the risk cover on the life continues even after maturity throughout the life.
Death Benefit: Sum Assured along with vested bonuses are payable on death during the term and policy ceases. An amount equal to sum assured is payable if death occurs after the premium paying term.
Double Accident Benefit is available during the premium paying term and thereafter up to age 70.
Full sum assured along with Bonus is payable. Policy does not cease and insurance cover continues till death.
As by giving an example, If someones takes this at the age of 25 having the policy of 5 lacs he has to pay only 25k amount per year, after the maturity of policy(say 20 years) he will get double the amount that is near around 10 lacs. Its a great help at the age of 45 when his son or daughter grown up thats not enough he will get life time benefit means his life is still insured after the LIC return the amount.His will get the policy amount when he died at any age(means 90, 100 or anything)
For More Information:
Contact: Naveen
EmailID: gandhi.naveen@gmail.com
Phone: 9971152498
