New Jeevan Anand Plan No 815

LIC Launches New Jeevan Anand Plan  (Table No 815)

  • 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.

Maturity Benefit -Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any

Death Benefit

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

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]

Eligibility Conditions and Restrictions

  • Age at entry – 18 to 50 years
  • Age at Maturity – Maximum 75 Years
  • Policy Term – 15 to 35 years
  • Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
  • Basic Sum Assured – 100000 and above ( In multiples of 5000)

Loan – Available after payment of 3 full years premiums.

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  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%

Guaranteed Surrender Value (GSV) –Available after payment of 3 full years premiums.

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%

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 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.

Compare old Jeevan Anand Plan No 149 to New Jeevan Anand Plan No 815

29 thoughts on “New Jeevan Anand Plan No 815”

  1. the most attractive policy is JEEVAN SARAL. Easy to explain,people want to buy this policy. Really it is very good policy

    Please louche this policy.

  2. i have a Jeevan Anand Policy 149,sum assured is 80 lakhs, i have to pay 120000(1 lakh twenty Thousand) per year. i have paid for 1 and half year and stopped. Could someone please tell me if i can get my money back.

  3. what is the bonus rate declared by lic new jeevan anand table no 815 for the financial year 2013-2014

  4. I need some detail for Ur side. I m put 815 jeevan anand policy. Amt 200000. 16yr duration. How much I ll be get after end policy date

  5. i take new jeevan anand 815 plan. my premium was 3271 h/y,21 years please send detail of my policy return and benefits.

  6. Jeevan Saral,

    the most attractive policy is JEEVAN SARAL. Easy to explain,people want to buy this policy. Really it is very good policy

    Please louche this policy.

  7. policy jeewan anand(T No 815) premium 7171 half yearly , duration 20 yr , how much amount return after 20 years/ compilation of policy.

  8. Some LIC agent says to me for New Jeevan Abadan table 815.
    Pls provide me a guide line regarding the same.
    Other wise suggest me the good LIC policy in my age scales. Age 26, wants SA-2l…
    7503565955

  9. I have bought a LIC New Jeevan Anand POlicy (Table no.815) of Sum Assured 10 Lakh. My age is 26 years and policy if for 25 years. Agent has asked me to pay Rs. 44235 yearly premium for 1st year. Please mail me the complete benefits of this policy including maturity amount and death benefits during policy and after policy. Also mention amount due to accidental death and natural death.

    My Id is durgesh.agarwal6@gmail.com

  10. LIC always bring good plans for the people to invest. I like this LIC Jeevan Anand policy. I will very soon going to invest in this plan. Thanks a ton for sharing useful info.

  11. have bought a LIC New Jeevan Anand POlicy (Table no.815) of Sum Assured 5 Lakh. My age is 24 years and policy if for 20 years. Agent has asked me to pay Rs.29213 yearly premium for 1st year. Please mail me the complete benefits of this policy including maturity amount and death benefits during policy and after policy. Also mention amount due to accidental death and natural death.
    My Email id is. rahulparaskar2892@Gmail.com

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