Jeevan Anand

Jeevan Anand

Table No. 149

Jeevan Anand is a plan introduced from 1^st February, 2002. This plan is a combination of the Whole life plan and the most popular Endowment Assurance Plan.

The plan provides the pre-decided Sum Assured and Bonuses at the end of the stipulated premium paying term, but the risk cover on the life continues till death. The premium is paid till the premium paying term or till the death of the life assured, whichever is earlier.

Benefits

Ø  Survival Benefits

ü  Sum Assured plus vested bonus is paid at the end of the premium paying term.

Ø  Bonus:

ü  Bonus is paid during the premium paying term. Bonus is also paid if the death occurs before the premium paying term, along with Final Additional Bonus, if any.

Ø  Death Benefits:

ü  Incase of Live Assures unfortunate death before the premium paying term an then, Sum Assured plus vested bonus is paid.

ü  Incase of Lives Assures unfortunate death after the premium paying term then, an amount equal to Sum Assured is paid.

Ø  Accident Benefits:

Double accident benefits is available during the premium paying term and thereafter upto age 70. The premium for this has been built into the tabular premium rates. Maximum Accident cover available under this plan will be Rs.5,00,000 (this limit excludes accident benefit taken under other plans).

Ø  Sum Assured Benefit:

ü  The following table shows the rebate available on the sum assured.

Sum Assured	Rebate
Rs. 3,00,000 To Rs.4,99,999	Re. 1 Per Thousand
Rs. 5,00,000 To Rs. 9,99,999	Rs. 1.50 Per Thousand
Rs. 10,00,000 And Above	Rs. 1.75 Per Thousand

Ø  Premium Paying Term Benefit:

ü  The following table shows the rebate available on the Premium paying term.

Premium Paying Term	Rebate
5 - 9 Years	Rs. 2.25 Per Thousand
10 - 14 Years	Rs. 1.50 Per Thousand
15 - 19 Years	Rs. 1.25 Per Thousand
20 - 24 Years	Rs. 1.15 Per Thousand
25 And Above	Rs. 1.00 Per Thousand

Features

Ø  Minimum age at entry  : 18  (Completed)

Ø  Maximum age at entry : 65 (Near birthday)

Ø  Maximum age at the end of Premium paying term : 75 (Near birthday)

Ø  Premium Paying Term : 5 years to 57 years

Ø  Minimum Sum Assured : Rs. 1,00,000

Ø  Loan available after payment of 3 years premium.