NEW JEEVAN ANAND POLICY
LIC (Life Insurance Corporation of India)
One of the most Trusred company in Indian consumer mind.Today we are going to discuss one of the most popular product.
It is non-link insurance policy
Entry age 18 to 50 years
Policy Term-min 15 yrs ,max 35 years
Maturity maximum age-75 years
Min sum assure-100000,max no limit
Mode of policy-monthly,quarterly,half yearly ,yearly
CONDITION
A)Death after policy Term-customer,s nominee will get basic sum-assure
B)Death within policy Term-customer nominee will get
1)Sum assured on death defined as higher 125%
2) 7times of annual premium or not less than 105% of all premium paid.
CONCLUSION
Total maturity will be given to the customer and the risk cover will be going on during customer rest lives up to 100 years.This insurance plan give cover after maturity.
CONDITION
A)Death after policy Term-customer,s nominee will get basic sum-assure
B)Death within policy Term-customer nominee will get
1)Sum assured on death defined as higher 125%
2) 7times of annual premium or not less than 105% of all premium paid.
CONCLUSION
Total maturity will be given to the customer and the risk cover will be going on during customer rest lives up to 100 years.This insurance plan give cover after maturity.
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