New Jeevan Anand
Price:
Get Latest Price
In Stock
Product Specifications
| Product Type | Life Insurance |
| Plan Type | Participating |
| Premium Payment | Flexible |
| Maturity Benefit | Lump Sum |
| Bonus Type | Reversionary |
| Rider Option | Accidental Death |
| Usage | Financial security and savings for long-term goals |
| Features | Death Benefit, Savings Plan, Profit Participation, Loan Facility, Protection, Liquidity |
Product Overview
Key Features
LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
Benefits:
1. Death benefit :
a. On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
b. On death of policyholder at any time after policy term: Basic Sum Assured
2. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during policy term provided the policy is in full force.
Final (Additional) Bonus may also be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run for certain minimum term.
3. Optional Benefit: Accidental Death and Disability Benefit Rider
Benefits:
1. Death benefit :
a. On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
b. On death of policyholder at any time after policy term: Basic Sum Assured
2. Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during policy term provided the policy is in full force.
Final (Additional) Bonus may also be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run for certain minimum term.
3. Optional Benefit: Accidental Death and Disability Benefit Rider
Company Details
BIMAJAGAT, Established in 2014 at New Delhi in Delhi, is a leading service provider of Life Insurance in India. BIMAJAGAT is one of Trade India's verified and trusted names for listed services. With extensive experience in the field of Life Insurance, BIMAJAGAT has made a reputed name for itself in the market with satisfactory Chola Swastha Pariwar Policy Service, New Bima Bachat Policy Service, New Endowment Plan Service, etc.
Focusing on a customer-centric approach, BIMAJAGAT has a pan-India presence and caters to a huge consumer base throughout the country. Get Life Insurance from BIMAJAGAT at Trade India quality-assured services.
Focusing on a customer-centric approach, BIMAJAGAT has a pan-India presence and caters to a huge consumer base throughout the country. Get Life Insurance from BIMAJAGAT at Trade India quality-assured services.
Business Type
Service Provider
Establishment
2014
