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Although this journey started five decades ago, we are still conscious
of the fact that, while insurance may be a business for us, being part
of millions of lives every day for the past 50 years has been a
process called TRUST.
50 Years Of Trust…
…Thy Name Is LIC
Vision:
“A Trans-Nationally competitive financial conglomerate of significance to societies and pride of India”
KESHAV B. NHALVE
LIC INSURANCE ADVISER
A/11, SECAND FLOOR, GOPAL HOUSING SOCIETY, NEAR RAILWY GATE,
BHANGARWADI, LONAVLA - 410401, MOBILE NO. 9850237715
KESHAV B. NHALVE
LIC INSURANCE ADVISER
Jeevan Anand is a plan introduced from 1st 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.
Features
1. Being a whole life cum endowment plan, the premium payment is limited to the selected
term, but the risk cover continues till death of the life assured.
2. Maturity Benefit : At the end of Premium Paying Term, Sum Assured plus Bonus is
payable with Final Additional Bonus if any.
3. Death Benefit :
(A) If death occurs after the premium paying term an additional amount equal
to Sum Assured is payable & no Bonus is payable.
(B) If death occurs before the Premium Paying Term, Sum Assured plus accumulated Bonus
is payable.
4. Double Accident Benefit :- On death due to accident extra sum assured would be payable.
5. Permanent Disablity Benefit :- In case of disablity due to accident following would be payable.
* Future premiums are waived.
* Annuity for next 10 years = SA / 120. payable monthly.
* Insurance cover continues and maturity would be payable after completion of term .
6. Bonuses: Simple Reversionary Bonus accrues during the PPT and is payable at the end
of the PPT or on earlier death along with Final Additional Bonus, if any. No Bonus is paid on death
after the PPT.
7. This policy provides for a built-in DAB (without paying any additional premium), during
the PPT and then up to age 70 yrs of age of the LA.
The maximum Accident Benefit allowed under this plan is Rs. 5 lacs (exclusive limit)
8. Critical Illness Rider Benefit is available. Covering Heart Attack, Stroke, Cancer, Kidney Failure,
Major Organ Transplant, Paralysis, 3rd Degree Burns, Blindness, Coronary Artery By-Pass Surgery
Heart Valve Replacement or Repair, Aorta Graft Surgery. This benefit is available at extra cost.
9. Loan can be taken against this policy.
10. Backdating of policy is allowed.
11. Housing loan can be taken against this policy.
12. Policy can be surrendered for its paid-up value after a period of 3 years.
Take risks: if you win, you will be happy; if you loose, you will be wise 40
KESHAV B. NHALVE
LIC INSURANCE ADVISER
Presentation Details
Plan Plan Name Term Sum Bonus Mode *Premium Total Maturity Maturity
/ PPT Assured Prem's Paid Year Amount
149 Jeevan Anand 21/21 600000 45 Yly 30093 631953 2031 1401000
Total: 600000 30093 631953
Note: The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies.
* Rider Premiums are included in Premium.
* NI is number of installments.
Rider Details
Plan Term PPT Rider Name Rider Sum Rider Rider Total Prem's
Term Premium Paid
149 21 21 Double Accident Benefit 500000 21 0 0
Total 0 0
Agents Copy
Return's Spreadsheet
Tax Slab: 30%
Year Age Normal Accident Annual Tax Net Returns Net Returns Surrender Total Loan
Riskcover Riskcover Premium Saved Premium from LIC Value Available
Note: (1) The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies.
Calculation includes Bonus and Final Additional Bonus as per present Rates.
(2) * Available Total Money.
(3) we are showing annual returns. in case of payment in arrears, half yearly installmant starts 6 months after maturity and yearly installment starts 1 year after
maturity. in case of payment in advance, yearly and half yearly installments starts immediately from maturity date.
(4) Please refer circular no: Actl / 2015 / 4 for details about settlement options.
(*) The above illustration gives an effective yield of 9.58% with tax benefit.
(*) The above illustration gives an effective yield of 6.85% without tax benefit.
(*) In Jeevan Anand (plan 149), The Normal Riskcover of Sum Assured will continue for life time.
The Accidental Riskcover of 2 times of Sum Assured will continue upto age 70.
Summary
NetPremium 442365
Returns (Maturity and Survival) 2001000
Compounded Value Of Returns 2001000
Breakup of Returns
234000
Bonus 567000
Final Additional Bonus 234000 567000