JEEVAN ANAND LIFE INSURANCE POLICY BY LIC (Table: 149) Features of plan Jeevan Anand plan is the combination of whole life policy and endowment insurance policy the plan provides the per-decided S.A. and bonus at the end of the stipulated PPT, but the risk cover on the life continues till death. This policy is suitable for the people of all ages and social groups. The policyholder will be benefited by giving protection to their families from a financial setback that may occur owing to their demise The amount assured if not paid by reason of his death earlier will be payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's of this plan is moderate premiums, high liquidity, saving oriented. Premiums are usually payable for the selected term of years or until death if it occurs during the term period. Accident benefit is available during engaged in hazardous occupations attracting occupational extra. Plan parameters Age at entry PPT maturity age Sum assured S.A. in multiples Term Mode of payment Accident benefit Policy loan Housing loan Assignment Revival Surrender of policy Term rider CIR
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Min.18 yrs Max. 65 yrs. Max. 75 yrs Min. 1,00,000 Max. No. Limit 5000 Min.5 yrs Max. 57 yrs YLY/HLY/QLY/SSS/MLY Incl. in. T.P. yes yes yes yes yes N.A. yes
UNDERWRITING CONDITION Form no Age proof Female lives category Non-medical (Gen) Non-medical (Prof) Non-medical (special) Actual sum assured Risk coverage Dating back @ 8%
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300 (rev.) std/ NSAP- 1,2,3 I/II/III Allowed Allowed Allowed Basic SA SA+ Bonus Allowed