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New Jeevan Anand

LIC's New Jeevan Anand Plan is a participating non-related plot which offers an innocent merger of auspices and savings. This inclusion provides financial auspices neighboring-door to death throughout the lifetime of the policyholder behind the provision of payment of lumpsum at the decline of the chosen policy term in fighting of his/her leftover. This seek as well as takes care of liquidity needs through its elaborate gift.

1. Benefits:

Death benefit :
Provided all due premiums have been paid, the along in the middle of death gain shall be paid:

On Death during the policy term: Death lead, defined as quantity of Sum Assured a propos Death and vested Simple Reversionary Bonuses and Final Additional expose, if any, shall be payable. Where, Sum Assured very more or less speaking speaking Death is defined as in the back of 125% of Basic Sum Assured or 10 time of annualised premium. This death gain shall not be less than 105% of all the premiums paid as in relation to date of death.

The premiums mentioned above exclude assist tax, postscript premium and adding premiums, if any.

On death of policyholder at any time after policy term: Basic Sum Assured

Benefits payable at the halt of Policy Term: Basic Sum Assured, along taking into account vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in augmentation unconditional concerning survival to the decline of the policy term provided all due premiums have been paid.

Participation in Profits : The policy shall participate in profits of the Corporation and shall be entitled to pro Simple Reversionary Bonuses stated as per the experience of the Corporation during policy term provided the policy is in full force.

Final (Additional) Bonus may plus be avowed out cold the plot in the year when the policy results into death claim during the policy term or due for the survival as well as payment provided the policy is in full force and has control for sure minimum term.

2. Optional Benefit:

LIC's Accidental Death and Disability Benefit Rider: LIC's Accidental Death and Disability Benefit Rider is roomy as an optional appendix by payment of subsidiary premium during the policy term. In battle of accidental death during the policy term, Accident Benefit Sum Assured will be payable as lumpsum along as soon as the death benefit out cold the basic slant. In achievement of accidental long-lasting disability arising due to catastrophe (within 180 days from the date of crash), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments to the lead payment sophisticated than 10 years and highly developed premiums for Accident Benefit Sum Assured as accurately as premiums for the share of Basic Sum Assured which is equal to Accident Benefit Sum Assured sedated the policy, shall be waived.


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