LIC Jeevan Anand Plan No. 915 All Details in Hindi | New जीवन आनंद | Lifetime Insurance Cover

LIC Jeevan Anand Plan No. 915 All Details in Hindi | New जीवन आनंद | Lifetime Insurance Cover

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.

———————————————————————————————

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

Sharing is caring:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp