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POSTED BY ON March 7, 2011 10:37 am COMMENTS (2)
Is LIC Jeevan Anand is it a term plan?I went through an agent and he told me that for a 24 year policy annual premium would be 1,25,000 per annum. After 24 years i would get rs 41000 per month or can take a lum sum of rs 70,00000 . And rs 27 lac can be given to ny nominee after my death.
Is it a good policy? should i go for it or pls suggest a good reliable policy?
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Dear Nidhi, The Jeevan Anand is not a term plan but a typical debt oriented endowment plan. In simple words – a mix of Investment & Insurance type Plan. I’m unable to understand how come your agent was able to quote a maturity value of 70L Rs. as far as I know it’s not a gtd. return product hence the actual maturity amount may be different from what you have been told.
Regarding the Jeevan Anand’s investment part, sample this – 1.25L Rs. yly investment can fetch you More than 90L Rs. @ 8% rate of interest.
You forgot to quote your current age in your query. Please post the same if possible to you. So that for your current age, we may calculate the Term plan + Investment structure which ‘ll out done this Jeevan Anand policy.
Thanks
Ashal
i don’t know about the plan at all, but i can safely tell you that it is not term plan. for life insurance, nothing could be better than pure term insurance policy. you should go through the article on term insurance and decide any. other a/m should be invested in any investment avenue/s of your liking regularly, and for long term.