LIC's NEW JEEVAN ANAND PLAN – Plan no-815 LIC's NEW JEEVAN ANAND PLAN – Plan no-815 LIC

's NEW JEEVAN ANAND PLAN – Plan no-815 LIC's NEW JEEVAN ANAND PLAN – Plan no-815
Zindagi ke sath bhi! Zindagi ke bath bhi!!
1. New Jeevan Anand is a blend of both endowment and whole life plan.
2. Prospects between the age of 18 years to 50 years can be insured.
3. Higher risk cover for low premium.
3. Policy term ranging from 15 to 35 years available.
4. Maximum age at maturity is 75 Years.
5. Minimum sum assured is Rs.1 lac and there is no limit for the maximum sum assured.
6. Loan facility available after 3 years.
7. Income tax benefit available u/s 80C and Maturity Benefits are tax free.
Maturity Benefits:
On maturity Basic Sum assured along with Bonus and Final Additional Bonus(if any) will be paid.
Risk cover for the Basic sum assured continues till the life time without payment of premiums.
Death Benefits:
During the policy term
“Sum assured on death” along with vested bonus and final additional bonus(if any) will be paid.
Sum assured on death shall be the higher of (1) 125% Basic sum assured (2) 10 times the
Annualised Premium (3) 105% of the premiums paid as on the date of death.
After expiry of the policy term
Basic sum assured is paid to nominee.
Accident and Disability Benefit rider:
Available for persons aged between 18 to 55 years on payment of RS.1‰ SA for a maximum
amount of Rs.50 lac. A new concept of activity of daily living to define disability introduced.
Plan Parameters:
Plan open for
sale from
8.1.2014
Particulars Description High Sum assured rebates
Age at entry 18 to 50 years Sum Assured Rebate (Rs.)
Age at Maturity Maximum 75 years 3‰ SA
Policy Term 15 to 35 years 2.50 ‰SA
Premium mode 1.50 ‰SA
Mode Rebate
Available
10,00,000
and above
5,00,000 to
9,95,000
Yly, Hly, Qly, Mly(SSS or
ECS)
2,00,000 to
4,95,000
Basic Sum
Assured
100000 and above ( In
multiples of 5000) – No
upper Limit.
Assignment &
nomintion
facility
Yly – 2% of
tabular
premium
Hly- 1% of
tabular
premium

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