Jeevan Anand Free Presentation - Term 20 years Sum Assured 5 lacs

JEEVAN ANAND

Proposer: Mr. X

Age: 25

Policy Amount: Rs. 5,00,000

Policy Term: 20 years.

 

Features:

Jeevan Anand is one of the most successful products of LIC of India.  The policy is in force during the entire life period of the policy holder. 

• Event after the premium paying term is over the risk cover continues to the entire life period of the policy holder.
• Accident benefit is available up to age 70.

Maturity Benefits:

• On maturity time, the Sum Assured (Rs.5,00,000 /-) + Bonus will be paid to the policy holder.

Death Benefits:

• If the policy holder dies during the premium paying term then the Sum Assured + Bonus accrued will be payable to the nominee.

• If the policy holder dies during the premium paying term due to accident then the double the Sum Assured + Bonus accrued will be payable to the nominee.

• If the policy holder dies before the age of 70 then the Sum Assured will be payable to the nominee.

• If the policy holder dies before the age of 70 due to accident then double the Sum Assured will be payable to the nominee.

• If the policy holder dies after the age of 70 then the Sum Assured will be payable to the nominee.

Premium Amounts:

Payment Mode	Premium
Quarterly	Rs.6,887 /-
Half-yearly	Rs.13,563 /-
Yearly	Rs.26,701 /-

What you pay for 20 years		What you get after 20 years
Mode	Amount	Rs.5,00,000 + Rs. 4,50,000 Bonus (Estimated @ Rs.45 per thousand SA for 20 years)
Yearly	Rs. 5,34,020
Half-Yearly	Rs. 5,42,520
Quarterly	Rs. 5,50,960

Policy holder can also avail the Tax Benefits and the Double Accident Benefits from this policy.