Jeevan Anand for 5 years

#1
hi ,,

i have jeevan Anand for 5 years which is maturing on 2011 dec and the sum assured is 1 Lakh..

Now i am really worried that i have got only 10k bonus and the Premium amount is 24800,which will be Rs.1,25000 After 5 yrs.

The premium itself more than the Sumassured and how much ill get at the maturity time,Agent told me benefits will be less if i go for 5 yrs,bt she didn tell me about other things.

Please let me know how much ill get after the maturity period.

Thanks
Yuvaraj
 
#2
At the end of your premium term, you will get your sum assured + added bonuses for these years. Your cover will continue till your death and your family will get 1 lakh at that time.
 

venkateshiyer

Investment Agent
#3
Friend, what your agent has suggested is a good policy. But it would have been better if you could have gone for a longer term. Insurance is beneficial when you go for long term and it should be a long term investment.

You will get higher rate of bonus when you go for longer term as well as final additional bonus.

In Jeevan Anand, your life is taken care of till the end. On maturity, sum assured plus bonus are paid but the life cover continues till the policy holder is alive. On death of the policy holder, an amount equal to Sum Assured is payable to the nominee.
 

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