New Jeevan Anand - 815

New Jeevan Anand : New Jeevan Anand is a combination of Endowment Assurance and Whole Life plans. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

Features :

• Full payout at maturity (Basic Sum Assured + Bonus)
• Whole life risk coverage even after maturity
• Death sum assured is 125% of basic sum assured
• Additional Accidental cover up to the age of 70
• Loan can be taken against the policy
• Double tax benefit (u/s 80C and u/s 10D) 

Benefits :  

On Death If the policy holder dies during the premium payment term of the policy, his/her nominee will be paid following, after which policy will terminate.

125% of basic sum assured or 10 times of the annual premium (whichever is higher) + Simple Revisionary Bonus +  Final Additional Bonus (if any)

On Accidental Death In case, the policy holder dies due to an accident, nominee will get following, and the policy will terminate after that.

125% of basic sum assured or 10 times of the annual premium (whichever is higher) +  Additional Accidental Sum Assured + Simple Revisionary Bonus +  Final Additional Bonus (if any)

On Maturity

The policy holder will get following returns at the time of maturity. Basic Sum Assured + Simple Reversionary Bonus + Final Additional Bonus (if any)

The policy will still continue for rest of the life, without paying any premiums.

Example :

If any one has age of 25 Years  want to take policy with Sum Assured of Rs 10,00,000/-  for the duration of 20 years then he needs pays an Annual Premium of Rs   55281/- per Year

Benefits : 

On Death

If the policy holder dies during the policy term then nominee will get

 12,50,000 (125% of Basic Sum Assured)+ 
   9,20,000 (Simple Revisionary Bonus) + 
      80,000 (Final Additional Bonus)
Total Around:22,50,000/-( Twenty Two Lakh Fifty Thosand)

Policy  Will Close

On Accidental Death
 In case, the policy holder dies due to an accident, the nominee will get

12,50,000 (125% of Basic Sum Assured)+
 10,00,000 (Additional accidental sum assured)+ 
  9,10,000 (Simple Revisionary Bonus) + 
     90,000 (Final Additional Bonus)
Total Around : 32,50,000/- (Thirty Lakh Fifty Thosand)

 policy will close

On Maturity

The policy holder will get the following returns at maturity
 10,00,000 (Basic Sum Assured)+ 
  9,10,000 (Simple Revisionary Bonus) + 
     90,000 (Final Additional Bonus)

Total Around : 20,00,000/- (Twenty Lakh). 

Policy will not Close and Continue till the policy holder die and Nominee will get Basic Sum Assured  10,00,000/-  After policy holder and no need to pay after 20 Years.