Tuesday, December 4, 2012

Jeevan Anand Table No 149

LIC Jeevan Anand is a combination of Endowment Assurance and Whole Life plans. This policy has great savings befits and death benefits throughout the lifetime. This policy has accidental death cover which is an additional SUM assured (up to 5 lacs) till age of 70 years. No additional premium needs to be pay for this feature.

jeevan anand policy Details:

  • Life Time risk cover
  • Double accidental death benefits without paying extra premium
  • Invest for a short term up to 5 years
  • Pay premium on monthly, Quarterly, Half-yearly or yearly basis
  • With profit plan: Bonus will be added in maturity earned
  • Tax savings on premium paid under section 80C
  • Tax savings on death claim under section 10 (10D)
  • Loan available after 3 years of full premium payment
  • Supplementary/Extra Benefits available
  • Guaranteed Surrender value @ 30% of total premium paid excluding first year premium

Maturity Benefit:

Maturity in Table No 149 will be Sum Assured+Vested Bonuses+Final Additional Bonus. Risk cover continues after maturity without need to pay premium upto 100 years.

Death Benefits:

Death Benefits in Jeevan saral is Sum Assured+Bonus+FAB, if any is payable. An extra amount equal to the S.A is payable if death happens after the premium paying term.

Accident Benefit:

An additional Sum Assured (subject to a limit of Rs.5 lakh) is payable in a lump sum on death due to accident up to age 70 of life assured. Same is also applicable if permanent case of permanent disability due to accident.
This policy has been relaunched by LIC as LIC table 815 to meet new guidelines.

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