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vivek prakash

Question

i want to take a policy of LIC jeevan anand Rs 50 lac for 40yrs my DOB is 30/01/1990 sir i want to know that how much i expect to get after maturity...and am i get any rebate???for this plan

Asked By: vivek prakash
On: 8th Aug 2012 9:31 AM
Answered Within: 1 Days

MIC Expert

Answer

Dear Vivek,

The plan that you are planning to purchasing, LIC Jeevan Anand Plan is actually an Endowment cum Whole Life Policy along with Bonus facility. Thus, it has features of BOTH Endowment Plan as well as Whole Life Coverage. This is a Double Death Benefit Plan if the life insured survives till the end of the policy term. This plan has average premium, high bonus rate and great liquidity features.

In this plan, you would receive the Sum Assured + Bonus as Maturity Benefit, i.e. Rs 50 lakhs + Bonus and the life cover chosen continues till your death. Again an additional Sum Assured is paid whenever you would die. Thus this plan is both an endowment plan and a whole life plan.

However, if you die before the completion of premium paying term, i.e. within the policy tenure, the entire Sum Assured along with accrued Bonus is paid to your nominee and the policy would terminate.

There is also an additional Accidental Death and Disability Benefit is payable till 70 years of age of the life insured.

The bonus rates for this plan is also very good and is overall a good plan to buy.

Click here to read full review of LIC Jeevan Anand Plan.

Answered By: MIC Expert
On: 9th Aug 2012 6:09 PM

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