LIC New Jeevan Anand (Table No: 815) - Whole Life Endowment Policy

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LIC New Jeevan Anand (Table No: 815) - Whole Life Endowment Policy

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• Maturity Benefit : Sum Assured + Simple Revisionary Guaranteed Bonus + FAB(Final Additional Bonus) if any. 
• Type of Returns: Guaranteed returns plan with bonus facility.
• Whole Life Insurance Coverage: Life cover continues till death of the policyholder.
• Death Benefit : 125% of Sum Assured + Simple Revisionary Bonus + FAB(final additional bonus) if any.
• Additional Riders: Option to add Accidental Death and Disability Benefit Rider.
• Income Tax Reduction : Available under Section 80C and under section 10(10D).
• Mode of Premium Payment : Yearly, Half Yearly, Quarterly, Monthly(ECS through salary deduction).
• Loan: Available after payment of 3 full years premiums.
• Surrender Benefit: The policy can be surrendered for cash provided at least three full years’ premiums have been paid.
• Grace Period: is 30 days for all modes. 
• Policy Lapse: Policy will be lapsed If the premiums are not paid within the grace period.
• Entry Age of Policyholder: Min Age: 18 Years, Max Age: 50 Years.
• Policy Term: 15 to 35 years.
• Sum Assured: 1,00,000 to No Limit.
• Rebate: Rebate is offered if policyholder opts for high sum assured