If yous are finding Benefits for LIC New Jeevan Anand Plans in addition to then read this article to know to a greater extent than about Jeevan Anand Plans Benefits in india.
Provided all due premiums convey been paid, the next drib dead create goodness shall last paid:
1. Benefits:
Death create goodness :
Provided all due premiums convey been paid, the next drib dead create goodness shall last paid:
On Death during the policy term: Death benefit, defined equally amount of Sum Assured on Death and vested Simple Revisionary Bonuses in addition to Final Additional bonus, if any, shall last payable. Where, Sum Assured on Death is defined equally higher of 125% of Basic Sum Assured or 10 times of annualised premium. This drib dead create goodness shall non last less than 105% of all the premiums paid equally on appointment of death.
The premiums mentioned higher upward exclude service tax, extra premium in addition to passenger premiums, if any.
On drib dead of policyholder at whatever fourth dimension afterwards policy term: Basic Sum Assured
Benefits payable at the cease of Policy Term:
Basic Sum Assured, along amongst vested Simple Revisionary Bonuses in addition to Final Additional Bonus, if any, shall last payable inwards lump amount on survival to the cease of the policy term provided all due premiums convey been paid.
Participation inwards Profits :
The policy shall participate inwards profits of the Corporation in addition to shall last entitled to have Simple Revisionary Bonuses declared equally per the sense of the Corporation during policy term provided the policy is inwards total force.
Final (Additional) Bonus may equally good last declared nether the excogitation inwards the twelvemonth when the policy results into drib dead claim during the policy term or due for the survival create goodness payment provided the policy is inwards total forcefulness in addition to has run for for certain minimum term.
Read Also How To Save For Short-term Goals
2. Optional Benefit:
LIC’s Accidental Death in addition to Disability Benefit Rider:
LIC’s Accidental Death in addition to Disability Benefit Rider is available equally an optional passenger yesteryear payment of additional premium during the policy term. In illustration of accidental drib dead during the policy term, Accident Benefit Sum Assured volition last payable equally lump amount along amongst the drib dead create goodness nether the basic plan. In illustration of accidental permanent disability arising due to accident (within 180 days from the appointment of accident), an amount equal to the Accident Benefit Sum Assured volition last paid inwards equal monthly instalments spread over 10 years in addition to futurity premiums for Accident Benefit Sum Assured equally good equally premiums for the percentage of Basic Sum Assured which is equal to Accident Benefit Sum Assured nether the policy, shall last waived.
