W.e.f. 1-2-2002

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Maturity Benifits:

Bonus plus Sum Assured is payable with Final Additional Bonus if any at the end of the Premium Paying Term.

Death Benifits:

(a) Accumulated Bonus and Sum Assured are payable if death occurs BEFORE the Premium Paying Term.

(b) No bonus is payable but an additional amount equal to the SUM Assured is payable if death occurs AFTER the Premium Paying Term.

Other Details:

(a) During the premium paying term and thereafter up to age 70, accident benefit is available.

(b) This plan is a combination of Whole Life and End. Assurance Plan.

(c) Till the death of the Policy holder, risk cover continues even after the Premium Paying Term is over.

(d) This plan is not allowed to proponents with history of deformity falling under Group B.

(e) This plan can be allowed to the proponents engaged in hazardous occupations attracting occupational extra subject to imposing restrictive clause 85.

Rebates for High Sum Assured:

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Under the plan, Maximum Accident Benefit cover is Rs 5 Lakhs. This limit excludes Accident Benefit availed under other plans.

Example:

Mr. Tabrej, aged 25 years, takes a Jeevan Anand Policy for 25 yrs for 1 lakh. On maturity, Mr. Tabrej will receive Rs. 2,12,500 (Rs 1,12,500 being estimated bonus at Rs 45 per thousand p.a.) but policy risk continues till Mr. Tabrej is alive.

In case, Mr. Tabrej dies (after PPT is over) at the age of 60 years, his nominee will get additional Rs. 1 lakh equal to S.A. amount. Since, Mr. Tabrej has already received the bonus, second time bonus is not payable. In case, Mr Tabrej dies during PPT, his nominee will get Rs. 1 lakh + accrued bonus till Mr. Vijay’s death.

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