LICs NEW JEEVAN ANAND PLAN

Plan No. 815

LICs New Jeevan Anand Plan Benefits Jeevan Anand Plan No. 149
Maturity Benefit
Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any.

New Jeevan Anand Plan No. 815

Maturity Benefit
Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any
ModificationSum Assured on Death' instead of BSA

Death Benefit
During the policy term

Death Benefit
During the policy term

Basic Sum Assured(BSA) along

with Vested Simple Reversionary

Sum Assured on Death along

with Vested Simple Reversionary

Bonuses and
Final Additional Bonus, if any. After expiry of policy term Basic Sum Assured

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 Eligibility Conditions and Restrictions

Particulars Age at entry Age at Maturity Policy Term Premium mode Basic Sum Assured

Jeevan Anand Plan No. 149 18 to 65 years Maximum 75 years 5 to 57 years Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS) 100000 and above

New Jeevan Anand Plan No. 815 18 to 50 years Maximum 75 Years 15 to 35 years
Maximu m Age at entry reduced.

Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS) 100000 and above ( In multiples of 5000)

Policy term modified

LICs New Jeevan Anand Plan Rebates

Mode Yearly Half-yearly

Rebate
Plan 149 3% of tabular Premium 1.5% of tabular premium Plan No. 815 2% of tabular premium 1% of tabular premium

Rate modified

Quarterly

Nil

Nil
Slab & Rate modified

Plan No 149 Jeevan Anand Basic Sum Assured 10,00,000 and above Rebate (Rs.) 1.75 BSA

Plan No. 815 New Jeevan Anand Basic Sum Assured 10,00,000 and above Rebate (Rs.) 3.00 BSA

5,00,000 to 9,95,000
3,00,000 to 4,95,000 1,00,000 to 2,95,000

1.50 BSA
1.00 BSA Nil

5,00,000 to 9,95,000
2,00,000 to 4,95,000 1,00,000 to 1,95,000

2.50 BSA
1.50 Nil

LICs New Jeevan Anand Plan Loan

Jeevan Anand Plan No. 149 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. Foreclosure action was initiated on default of 2 or more half-yearly loan New Jeevan Anand Plan No.815 Available after payment of 3 full years premiums.
% of loan modified

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 shall not be taken under fully paid-up and inforce

interest installments.
Policy Term % for inforce policies % for Paid-up policies Upto 23 90% 80%

policies even if there is a default of

loan interest.
24 to 27 80% 70% 28 to 31 70% 60% 32 to 35 60% 50%

LICs New Jeevan Anand Plan Surrender Value

Plan No.149
Guaranteed Surrender Value (GSV) 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.

Plan No. 815

Guaranteed Surrender Value (GSV) Available after payment of 3 full years premiums.
No Change

GSV % modified

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) 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%

Cash Value of vested bonuses, if any.

Bonus Payable modified

LICs New Jeevan Anand Plan Surrender Value

No change in SSV Jeevan Anand Plan No. 149 Special Surrender Value (SSV) New Jeevan Ananad Plan 815 Special Surrender Value (SSV)

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.

Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.
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

The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

Surrender Value payable

The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

LICs New Jeevan Anand Plan

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.
Accident Benefit inbuilt.
Taxes, if any , were borne by the corporation.

A Policy may be revived within a period of 2 years from the date of first unpaid premium.
Accident Benefit as a rider.
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