JEEVAN ANAND (ZINDGI KE SAATH BHI, ZINDGI KE BAAD BHI)
Jeevan Anand (Double Advantage Endowment) is an innovative plan from LIC International which combines the benefit of an endowment plan & whole life cover policy.
Under this plan, you pay premium for limited period (5 years) but your policy coverage continues though-out your lifetime to the extent of the sum assured without any further premium. This plan assuring you a Lump Sum payment (Sum Assured and Bonus) after the maturity of your policy(10, 15, 20 or 25 Yrs)
Key features of Jeevan Anand
Sum Assured with Bonus on Retirement.
Limited premium payments.(Only 5 Years)
Free whole life risk cover, even after you stops paying premiums
Double Accidental Death & disability cover up to age of 70.
Encashment/Surrender of the policy
Loans available.
Receive all benefits in choice currency
Policy can be transferred to any LIC branches in India, if you chose to.. (On repatriable basis)
Illustration for Age 35 & premium contribution Qtly 2700 (Only for 5 Years)
ü Life Cover (any cause):starting from first day $50,000 increasing every year to about $ 78,000* at chosen retirement.
ü Accidental Cover : Death / Total & Permanent Disability (from first day): $ 100,000 total
Amount*you receive at retirement (after 20 yr.):$ 78,000
Plus
Free insurance cover thereafter- Accidental = $ 100,000 Natural Death=$ 50,000 (global cover, natural death cover for whole life)
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