J E E V A N A N A N D

Suitability
This policy is a combination of a whole life plan and with profit endowment plan. It is suitable for people who wish to provide for their dependents, insured sums,limit the premium payment term to their earning period and at the same time provide for their old age.
Salient Features
The plan combines the virtues of both whole life plan and endowment plan.
Under the plan, premiums are limited to the term chosen and benefits are payable on the date of maturity. But the insurance cover on the life assured continues till death, like a whole life policy.
Bonus accrues during the premium paying term and is payable at the end of the premium paying term or on earlier death along with Final Additional Bonus. No Bonus is paid on death after the premium paying term.
Double Accident Benefit is available during the premium paying term and thereafter up to age 70 wherein additional sum assured is payable on death due to an accident. This benefit is built in and no additional premiums needs to be paid. Maximum Accident Cover available under this plan will be Rs. 5 lakh ( this limit excludes accident benefit taken under other plans).
Premium payment can be Monthly, Quarterly, Half yearly, Yearly and SSS.
Benefits
On Survival to maturity
Full sum assured along with Bonus is payable. Policy does not cease and insurance cover continues till death.
On Death within the term:
Full sum assured along with the bonus is payable and policy ceases.
On death after the term of the policy:
Full sum assured is payable.
Other Conditions
Minimum Sum Assured : Rs.100,000
Minimum premium must be Rs.800 per annum
Minimum age at entry :18 years .
Premium Paying term : 5-57 years
Maximum age at entry : 65 years normally but 60 years for single premium policy .

For further details/ help please contact: lifeinsurancelicindia@gmail.com

or at Mobile No.: 9818325039 at New Delhi, India