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The benefits with New LIC Plans such as Jeevan Anand Plan:

Author: John Cooper
by John Cooper
Posted: Apr 08, 2016

Death benefit which is defined as the sum of the Sum assured on the time of death and vested as the Simple Reversionary Bonuses as well as Final Additional bonus if any. However, sum assured on death will be higher say 125% of the basic sum assured or say 10 times of the annualized premium. The death benefit will not be more than 105% of all the premiums that need to be paid on the date of death. The above mentioned premiums do not include extra premium, service tax and rider premium.

Contribution in the Profits:The policy will be participated in the profits of the Corporation and entitled to be received as Simple Reversionary Bonuses which is declared as per the experience of the Corporation during the time of the policy term provided when policy is in full force.

Final or additional Bonus also be declared under the plan when the policy turned into death claim during the policy term or when policy is in full force and run for the certain minimum amount of term.

2.Optional Advantage: There is proviso such as Disability Benefit Rider or Accidental Death as an optional rider by the payment of the additional premium during the term of the policy. If it is the case of accidental death while the time of policy term, accidental benefit sum assured will be paid as lumpsum and the death benefit under the basis plan.

It is concluded that premium is dependent on the kind of coverage that you avail from the life insurance plan. Thus, invest in the LIC India New Plans that are aided under Jeevan Anand Plan and give a comfort to your family.

Jeevan Anand Policy of LIC if India is a saving cum protection plan with high bonus and liquidity facility.To secure your financial status you can invest in the Jeewan Anand endowment life insurance policy of LIC.This policy provides high level of death cover during the policy term. For person who are interested in saving cum protection plan for securing future you can invest in the jeewan Anand endowment life insurance policy of LIC.This policy has a unique features as it provides high level of death cover during the policy term. You can also avail the loan facility against the policy.

LIC offers many plans and one of them is Jeevan Anand Plan. Recently it is acknowledged that this plan is participating in the non-linked plan which provides with a combination of savings and protection. Such a combination will aid policy holders with monetary protection against undue cases like death throughout the lifetime of the policyholder and provides with the availability of the lumpsum towards the end of the selected term during the survival. The same plan considers for the liquidity throughout the loan facility. Thus, via LIC India New Plans in the prominent Jeevan Anand plan, policyholders will be able to acquire numerous benefits.

About the Author

LIC Jeevan saral Plan is an endowment policy which has some of the most attractive features. It is a special policy which has very unique features of insurance.

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Author: John Cooper

John Cooper

Member since: Apr 06, 2016
Published articles: 1

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