Jeevan Anand Plan No. 915 is a combination of Endowment and Whole life plans. Regular Premiums are payable for selected terms only.
Jeevan Anand Plan No. 915 Features & Conditions:
Minimum age at entry: 18 years (Complete)
Maximum age at entry: 50 years (Nearer Birthday)
Max. age at maturity: 75 years (Nearer Birthday)
Minimum term: 15 years
Maximum term: 35 years
Minimum S.A. : 1,00,000
Maximum S.A.: No limit
Available Riders:
LIC’s Accidental Death and Disability Benefit Rider / Accident Benefit Rider, Term Rider & Critical Illness Rider.
Mode of Payment:
Yearly, Half Yearly, Quarterly & Monthly ( SSS & NACH)
Rebates:
Mode Rebate: Yearly: 2%, Half Yearly: 1 %
Grace Period:
15 Days for monthly payment mode and 30 days for other payment modes.
Claim Concessions:
Available under Base Plan only. Not apply to Riders and Death due to Suicide.
Paid-up Value:
Available after payment of premium of 2
full years.
Surrender:
Available after payment of premium of 2 full years.
Policy Loan Benefits:
Available after payment of premium of 2 full years.
Revivals:
Within 5 years of First Unpaid Premium (FUP)
Back Dating:
Allowed with lean Month’s benefits.
Proposal Form:
Form 300 or Form 340
Tax Benefits:
On Premium: Deduction under Section 80C subject to a maximum limit
Maturity Amount: Exempt u/s 10(10D)
Death claim : Exempt u/s 10(10D)
All Jeevan Anand Plan No. 915 Details with example are available in Video. Please check the Video given Below.
SUM ASSURED ON DEATH:
During Premium Paying Term (PPT): 1.25 times of Basic SA,
After Premium Paying Term (PPT): Basic Sum Assured only.
DEATH BENEFIT:
During Policy Term (i.e. Premium Paying Term): Sum Assured on Death + Vested Bonus + Final additional bonus if any.
Death after the expiry of Policy Term (i.e.PPT): Basic Sum Assured only.
MATURITY BENEFIT:
At the end of Policy Term: Basic Sum Assured + Vested Bonus + Final additional bonus if any.
Maturity/Death Claim in Installments for 5/10/15 years for Full or Part of Maturity/Death Claim Amount: Option to be exercised – 3 months before Maturity and for Death Claim during lifetime by Life Assured.
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Non -Medical Schemes: All Allowed.
Age Proofs: All Allowed.
Female Lives: All Allowed.
Pregnant ladies: only up to 24 weeks of pregnancy
Major Students: Max TRSA inclusive of all plans 2crore. TRSA beyond 2 crore at CUS only with MM’s recommendation. Standard Age Proof is a must.
Keyman/Partnership/Empl-Employee: Allowed only under Employer-Employee
With Term & CI Rider: Underwriting Rules of Term Rider will be Applicable
Example
