Saturday, May 28, 2011

Magic Plan - LICs Maha Anand

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LICs Jeevan Anand Vs LICs Maha Anand

Contact:
shofinbu@gmail.com
9962005876
Chennai 


Investors who are interested to invest in LICs Jeevan Anand can go for Maha Anand but why?


To know the advantages of Maha Anand first we need to understand the features of Jeevan Anand. (see blog jeevan anand for more information) and i will explain the same with an example (for personalised quote kindly send me your mail id to shofinbu@gmail.com)

Features of Jeevan Anand

A person named shofinbu is software employee of age 30 years plans to take JEEVAN ANAND  and can pay a premium of  Rs. 51,122 

Benefits:
Insurance coverage of  15 lacs till age 70 and 10 lacs thorugh out is life time.

Maturity Benefits:

Shofinbu will get approx Rs. 20 lacs when he reaches age 51 and life free risk cover for 10 lacs after his life his family members will get antoher 10 lacs. and he will also get tax deduction under 80c for the permium he pays.

Total Maturity Benefit: Rs. 30 lacs


Maha Anand: (Combination of 2 plans from LIC)

but instead of jeevan anand shofinbu decides to invest in Maha anand and pays a premium of Rs. 51087, he is paying a lesser premium but at the same time gets more benefits when compared to Jeevan Anand.

Benefits:

Insurance coverage of  12 lacs and which will  be increased to 25 lacs

Maturity Benefits:

Shofinbu will get approx Rs.18 lacs at the age of 51 and life long free risk cover which will be increased to 25 lacs over the period of time after his life his family members will get approx Rs. 30 lacs

Total Maturity Benefit: 48 lacs



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