Minimum entry age: 16 years completed
Maximum entry age: 65 years
Term: 5 to 25 years
Minimum Sum Assured: 1,00,000/-
Then after in multiple of 10,000/-
Maximum Sum Assured: Unlimited
Mode of Payment: Yearly, Half Yearly, Quarterly
Riders: Accidental Benefit
INTRODUCTION
A unique combination of a whole life and endowment plan, ’Jeevan Anand’ combines investment return with profit at the end of the term and lifelong insurance cover. It is suitable for people who wish to provide for their dependents, insured sums, limit the premium payment term to their earning period and at the same time provide for their old age.
Insurance (Jeevan Anand Plan) Terms and Conditions
- Incase the insured dies within two years from the start of the policy the sum assured is given to the nominee.
- If the insured commits suicide within two years from the start of policy the S.A is not payable.
- After two years of payment if the insured commits suicide the S.A is given.
- Loan and surrender are only available after two years of premium payment.
- One year risk coverage.
- If incase the insured dies after two years from the start of the policy the S.A + Bonus is given to the nominee.
- If incase the insured dies from accident the nominee will receive the S.A+Bonus+AB.
- If the insured is permanently disabled the S.A is received and the further premium is waived off.
- Once the policy matures the insured get the sum assured.
- After the policy matures the insured gets the S.A + Bonus.
- The policy once matured it will cover AB for age up to 70 years.
- As this is a whole life insurance so if the person dies after 70 years the nominee will get the SA.
Policy Loan
The Policyholder can raise a loan on the security of the policy after the policy has acquired paid up value by payments of premiums at least for 3 years from the date of commencement of the policy. In case of single premium, the loan can be availed after 2 years from the date of commencement of the policy.
