915 - New Jeevan Anand

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915 New Jeevan Anand

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LIC New Jeevan Anand Plan-one of the best money back policy by LIC India.

LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.

New Jeevan Anand (915) is a combination of endowment and whole life assurance plan

Tom Cruise

Four major elements that we offer:

  • Moderate Premium
  • Life Cover to the extent of Sum Assured
  • A conventional with profits assurance plan
  • Attractive Combination of protection and Savings

Benefits


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Payable On Maturity

On survival to the end of the policy term, Basic Sum Assured (SA) +

Simple Bonus +

Final Additional Bonus (FAB).

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Payable In Case Of An Unfortunate Event :

On death during the policy term, Basic Sum Assured (SA) +

Simple Bonus +

Final Additional Bonus (FAB).

Note: Sum Assured on Death will be higher of Basic SA or 10 times of Annual Premium.
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GRACE PERIOD TO PAY PREMIUM:

31 or 30 days (depends on calendar month) for YLY, HLY and QLY payment modes.

15 days grace period for Monthly Mode of Premium Payment.

Note: If premium is not paid before the expiry of the grace period, then the policy lapses.

ELIGIBILITY AND CONDITIONS

Minimum and Maximum Age at entry
(18-50) years
Term Minimum and Maximum
(15-35) years
Sum Assured Mim and Max
1,00,000 - No limit
Maturity Age
75 years
Payment Modes
YLY, HLY, QLY and MLY(ECS)

FOR ACCIDENT AND DISABILITY BENEFIT

Minimum and Maximum Age at entry
(18-55) years
Minimum Benefit
1,00,000
Covered upto
70 years

LOAN

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Loan facility Available after 3 full years premium payment.

SURRENDER

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The policy can be surrendered (closed) only after 3 full years payment of premiums.

Risk Coverage

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Risk Coverage Will Be Provided Till The End Of Term Policy..


REBATE (Deduction on Premium Payment)


A) Mode Rebate :

Yearly Mode
2% of tabular premium
Half-yearly Mode
1% of Tabular premium
Qly and Mly
-Nil-


TIP : Better To Go With YLY Mode of Premium Payment.(REASON : Monthly Premium * 12 times will be greater than YLY Premium)

B) Sum Assured Rebate :

1,00,000 to 1,95,000
Nil
2,00,000 to 4,95,000
1.50 % Basic Sum Assured
5,00,000 and 9,95,000 SA
2.50 % Basic Sum Assured
10,00,000 to No Limit SA
3.00 % Basic Sum Assured

Documents Required :

Documents Accepted
Aadhar Card / Ration Card / Election Card / Govt Id card Pan Card / Driving Licence / School or College Certificate
Compulsory Documents
2 Photos +(Address and Age) Proof + Income Tax Returns(Optional)