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LIC New-Jeevan-Anand Policy No 915

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LIC New-Jeevan-Anand Policy No 915

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  1. Jeevan Anand Plan -149 : 17-Jan-02 to 1-Jan-14 New Jeevan Anand -815 : 9-Oct-13 to 31-Jan-20 New Jeevan Anand -915 : 01-FEB-2020 Contact me for more Info or Buying @ 92900-33832 Vidyasagar

  2. Table of Contents Jeevan Anand • Policy summary • Eligibility Conditions & Restrictions • Premium • Example of Benefits • Paid up Value &Surrender value ,Revival, loan • What is the Internal Rate of Returns(IRR)

  3. POLICY SUMMARY – 915New Jeevan Anand Jeevan Anand FAB Bonus Premium Payment Sum Assured Maturity Purchase 100 years of age SA SA + Bonus Death Insurance Cover

  4. Eligibility Conditions & Restrictions Jeevan Anand Age Entry : 18 Years to 50 years (Medical for Above 45 age) TERM : 15 - 35 Years SUM ASSURED : Starts from 1 Lakhs AGE INCOME Upto 35 36 to 45 46 to 50 25 20 15

  5. PREMIUM Jeevan Anand PREMIUM PAYING MODE Age : Term : SA : PREMIUM PAYING MODE : Mly Qly Hly Yly Monthly Quarterly Half Yearly Mode Rebate : 2% for Yearly,1% for Half Yearly Grace Period : 30 Days For Yly, Hly, Qly 15 days for Monthly

  6. Example of Benefits Jeevan Anand Maturity Death Rider LIC’s Accidental Death and Disability Benefit Rider LIC’s Accident Benefit Rider LIC’s New Term Assurance Rider LIC’s New Critical Illness Benefit Rider

  7. Example of Maturity Benefits Age : 43 • Age : 18 Age : 100 Age : 100 Age : 55 • Age : 35 Jeevan Anand Ex : Age 18,SA:400000,Term:25 Ex : Age 35,SA:400000,Term:20 17028 24,143 Maturity : SA+ Bonus + FAB Maturity : SA+ Bonus + FAB 4,35,658 4,94,236 Rs 10,70,000 Rs 7,88,000 Settlement option 5 or 10 or 15 years SA:400000 SA:400000

  8. Example of Death Benefits Age : 43 • Age : 18 Jeevan Anand Ex : Age 18,SA:400000,Term:25 Normal death • Age : 30 17028 2,04,336 125 % SA 4,00,000 X 125 % = 5,00,000 Bonus = 2,54,800 7,54,800 Total Settlement option 5 or 10 or 15 years

  9. Example of Accidental Benefits Age : 43 • Age : 18 Jeevan Anand Ex : Age 18,SA:400000,Term:25 Accidental death • Age : 30 17028 2,04,336 125 % SA 4,00,000 X 125 % = 5,00,000 Bonus = 2,54,800 Accidental death = 4,00,000 Total 11,54,800 Accident cover @ Age 70 years

  10. Example of Term Rider Benefits • Age : 18 Age : 43 Jeevan Anand Ex : Age 18,SA:400000,Term:25 Accidental death • Age : 30 17,644 2,11,728 125 % SA 4,00,000 X 125 % = 5,00,000 Bonus = 2,54,800 Accidental death = 4,00,000 Term Assurance Rider = 4,00,000 Total 15,54,800

  11. Example of Disability Benefits Age : 100 Age : 43 • Age : 18 Jeevan Anand Ex : Age 18,SA:400000,Term:25 Accident Any type of death SA:400000 • Age : 26 • Age : 36 17,028 40,000 @ 10 yrs Maturity : SA+ Bonus + FAB Rs 10,70,000 Disability : 4,00,000 No Premium : 2,89,476 Maturity : 10,70,000 Whole life Cover :400000 Total Benefits :21,59,476 1,36,224

  12. Critical Illness Benefit Rider Age : 43 • Age : 18 Age : 100 Jeevan Anand Ex : Age 18,SA:400000,Term:25 Critical Illness Any type of death • Age : 30 Death 17,518 Maturity CI Rider SA = 4,00,000 SA:400000 125 % SA + Bonus

  13. Ex : Age 18,SA:400000,Term:25

  14. Paid up Value & Revival Period Jeevan Anand Paid up Value If at least 2 full years premium have been paid and even if subsequent premium are not paid, the policy will get reduced to a value called Paid-up Sum Assured Ex : Age 18,SA:400000,Term:25 7 Premium Paid years x 4,00,000 = 1,12,000 x Sum assured 25 Total years of Policy Revival Period : up to 5 years To bring back to life insurance coverage

  15. Surrender value Age : 43 • Age : 18 Age : 100 Jeevan Anand Policy can be surrendered any time, provided, the policy has acquired paid-up status by completing at least 2 full years premium payment Ex : Age 18,SA:400000,Term:25 • Age : 30 17,028 2,04,336 1,79,124 No surrender value will be available on Rider(s), if any.

  16. Jeevan Anand Policy loan

  17. Free Look Period : 15 Days • Assignments/Nomination • Tax benefit • Change of Address • Nomination Intimation of death : Within 90 days from the date of death LIC’s e-services

  18. What is the Internal Rate of Returns (IRR) Ex : Age 18, SA:400000, Term:25

  19. LIFE INSURANCE RETURNS

  20. Contact me for more Info or Buying @ 92900-33832 VIDYASAGAR

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