Value Proposition canvas- Customer needs and pains
Lic jeevan aanand
1.
2. LIC New Jeevan Anand Plan
LIC New Jeevan Anand Plan is an Endowment Cum Investment whole life
Insurance Cover Plan.
This combination provides financial protection against death throughout the
lifetime of the policyholder with the provision of payment of lumpsum at the
end of the selected policy term in case of his/her survival.
New Jeevan Anand Plan Provides Insurance cover up to 100 Years age and
Incase of Unexpected Death of Policy holder nominee will receive the
benefits.
You can also say that its double benefit plan, Because you will receive
maturity amount after complitetion of term and after that also Insurance
Cover available equal to Your Sum Assured Value.
3. Features of LIC New Jeevan Anand
Its an Endowment plan with lifetime risk coverage and High bonus.
Maturity benefit is Basic Sum assured with Bonus. But the policy
continues till death of life insured. On the death of life insured or on the
completion of 100th age, a Sum assured will be paid again.
Accidental Death Benefit is available with this policy on some additional
cost.
This plan can be provided to people with hazardous occupation with
some additional premium.
An optional Critical Illness Rider can be availed with some extra cost.
4. LIC New Jeevan Anand Eligibility Conditions
Conditions Minimum Maximum
Sum assured in (RS) 1,00,000 No Limit
Policy term (in years) 15 35
Entry age of life insured 18 50
Age at Maturity - 75
Payment modes Yearly, Half-yearly, Quarterly, Monthly and SSS.
5. Benefits of LIC New Jeevan Anand
Maturity
Return
• Life cover
continues
till death
Death Benefit
• On death
after policy
maturity,
Sum assured
will be paid
Income Tax
Benefit
• Available
under
Section 80 C
and Section
10 (10D).
Loan on
Policy
• Available
after
payment of
3 full year
premium
Housing Loan
Surity
• Available
6. Benefits of LIC New Jeevan Anand
Maturity Return - Basic Sum Assured with Vested simple
reversionary Bonus and Final Additional Bonus (if any) will
be given on Policy maturity. Life cover continues till death
Death Benefit- On the death of the life insured before
policy maturity, Sum Assured on Death ( 125% of SA or 10
times Annual Premium whichever is higher) with Bonus and
Final Additional Bonus (if any) will be paid. On death after
policy maturity, Sum assured will be paid.
7. Benefits of LIC New Jeevan Anand
Income Tax Benefit - Available under Section 80 C for
premiums paid and Section 10 (10D) for Maturity returns
Loan on Policy - Available after payment of 3 full year
premium.
Housing Loan Surity - Available