LICs NEW JEEVAN ANAND PLAN

Plan No. 815

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Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No. 815
Maturity Benefit Maturity Benefit
Basic Sum Assured along with
Vested Simple Reversionary Bonuses and
Final Additional Bonus, if Any.
Basic Sum Assured along with
Vested Simple Reversionary Bonuses and
Final Additional Bonus, if Any
Death Benefit Death Benefit
During the policy term
Basic Sum Assured(BSA) along with Vested Simple
Reversionary Bonuses and
Final Additional Bonus, if any.
After expiry of policy term
Basic Sum Assured
During the policy term
Sum Assured on Death along with Vested Simple
Reversionary Bonuses and
Final Additional Bonus, if any.
After expiry of policy term
Basic Sum Assured
LICs New Jeevan Anand Plan Benefits
What is Sum Assured on Death?

Sum Assured on Death shall be Higher of ~
125% of Basic Sum Assured (1.25 x BSA)
OR
10 times Annual Premium.(10 x AP).

The death benefit as defined above shall not be less than
105% of total premiums* paid as on the date of death .
[*excluding taxes, extra premiums and premiums for riders, if any]
LICs New Jeevan Anand Plan Benefits
Particulars
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No. 815
Age at entry 18 to 65 years 18 to 50 years
Age at
Maturity
Maximum 75 years Maximum 75 Years
Policy Term 5 to 57 years 15 to 35 years
Premium
mode
Yearly, Half-yearly,
Quarterly, Monthly (SSS
or ECS)
Yearly, Half-yearly,
Quarterly, Monthly (SSS
or ECS)
Basic Sum
Assured
100000 and above
100000 and above
( In multiples of 5000)
LICs New Jeevan Anand Plan
Eligibility Conditions and Restrictions
Mode
Rebate
Plan 149 Plan No. 815
Yearly 3% of tabular Premium 2% of tabular premium
Half-yearly 1.5% of tabular premium 1% of tabular premium
Quarterly Nil Nil
Plan No 149
Jeevan Anand
Plan No. 815
New Jeevan Anand
Basic Sum Assured Rebate (Rs.) Basic Sum Assured Rebate (Rs.)
10,00,000 and above 1.75 BSA 10,00,000 and above 3.00 BSA
5,00,000 to 9,95,000 1.50 BSA 5,00,000 to 9,95,000 2.50 BSA
3,00,000 to 4,95,000 1.00 BSA 2,00,000 to 4,95,000 1.50
1,00,000 to 2,95,000 Nil 1,00,000 to 1,95,000 Nil
LICs New Jeevan Anand Plan Rebates
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No.815
Available after payment of 3 full
years premiums.
Available after payment of 3 full
years premiums.
Loan granted shall be 90% of the
Surrender Value in case of inforce
policies and 85% of the Surrender
Value in case of Paid-up policies
irrespective of the policy term.
The maximum amount of loan that
can be granted as a percentage of
Surrender Value shall depend on the
Policy Term, as given in the table
below.
Foreclosure action was initiated on
default of 2 or more half-yearly loan
interest installments.
Foreclosure action shall not be taken
under fully paid-up and inforce
policies even if there is a default of
loan interest.
Policy Term Upto 23 24 to 27 28 to 31 32 to 35
% for inforce policies 90% 80% 70% 60%
% for Paid-up policies 80% 70% 60% 50%
LICs New Jeevan Anand Plan Loan
Plan No.149 Plan No. 815
Guaranteed Surrender Value (GSV) Guaranteed Surrender Value (GSV)
Available after payment of 3 full
years premiums.
Available after payment of 3 full
years premiums.
GSV shall be equal to 30% of the total
premiums paid less First Year
Premium and extra premium, if any.

GSV shall be a percentage of total
premiums paid (net of taxes)
excluding extra premium, if any and
premium paid for riders,if opted for.
Examples of GSV factors applicable
for total premiums paid
Policy Year ~ GSV factor
3 = 30%
5 = 50%
t -1 = 80% (t=Policy Term)
Cash Value of vested bonuses, if any. GSV factor applicable to vested
bonus,if any. Examples of Vested
bonus factors
Year of SV Policy Term Factor
3 15 17.66%
19 25 20.85%
29 30 30%
No
Change
LICs New Jeevan Anand Plan Surrender Value
Jeevan Anand
Plan No. 149
New Jeevan Ananad
Plan 815
Special Surrender Value (SSV) Special Surrender Value (SSV)
Surrender Value shall be the
discounted value of the Paid-up Sum
Assured and vested simple
reversionary bonuses.
Surrender Value shall be the
discounted value of the Paid-up Sum
Assured and vested simple
reversionary bonuses.
The discount factors shall be
surrender value factors as provided
in Table-1A and 2A(whole life) of the
Special Surrender Value Booklet and
will depend upon the policy term and
duration elapsed since the
commencement of the policy.
The discount factors shall be Special
surrender value factors as provided
in Table-1A and 2A(Whole life) of the
Special Surrender Value Booklet and
will depend upon the policy term and
duration elapsed since the
commencement of the policy.
Surrender Value Payable Surrender Value payable
The Higher of Guaranteed Surrender
Value and Special Surrender Value
shall be payable.
The Higher of Guaranteed Surrender
Value and Special Surrender Value
shall be payable.
LICs New Jeevan Anand Plan Surrender Value
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No. 815
A Policy may be revived
within a period of 5 years from
the date of first unpaid
premium.
A Policy may be revived
within a period of 2 years from
the date of first unpaid
premium.
Accident Benefit inbuilt. Accident Benefit as a rider.
Taxes, if any , were borne by the
corporation.
Taxes, if any, shall be applicable at
the prevailing rates and borne by
the policyholder as per rules.
There shall be no change in the following Items
Back Dating
Grace Period
Paid-up Value
Assignment/Nomination
LICs New Jeevan Anand Plan