Whole Life LIC Plan Benefits

LIC only company who provides the plan in field of whole life. Yes its right.LIC already introduced Jeevan Anand and updated edition New Jeevan Anand Plan,which is comes on whole life section. Here I will provide you details of whole life insurance policy and what benefits do you have in this kind of policy.

So, First thing of this policy is Insurance cover. As the name reflect that this type of policy provide you insurance cover till death or lifetime of policy holder. Also This kind of policy have some features additionally and some feature available like other policies.

1.Double Accident Cover : This is Rider available with plan.In this Rider if policy holder death happen in Road accident or any other kind of accident and the outcome is death,than nominee will be entitled with double value of sum assured.Suppose Mr X has opted a policy worth 25 Lakh Sum Assured and after some time Mr X death happens due to any accident,than his nominee will receive 50 Lakh Rs and premium and policy will stopped.Also This rider activate from day 1.Means from the same day of policy purchase.

2. Crittical Illness Rider : This rider also available with the policy.In this rider all type of critical disease covered like Cancer,Heart Attack,paralysis and lot many other critical disease like this.In this situation policy holder’s premium will be waived off by Insurance company and policy holder is eligible for all the benefits in future.Like Moneyback,Maturity and other things.

3.Maturity Benefits : This policy means New Jeevan Anand also provides maturity benefit on survival of policy holder and after getting maturity after certain term policy will be continue without paying any amount and in case of death after maturity nominee also eligible for an amount equal to sum assured and nominee will get same.