LIC New Jeevan Anand Policy Table No 815

Sum Assured on Death shall be Higher of ~

125% of Basic Sum Assured (1.25 x BSA)

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]

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)
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

Jeevan Anand Plan No. 149	New Jeevan Anand Plan No.815
Available after payment of 3 full year’s premiums.	Available after payment of 3 full year’s premiums.
Loan granted shall be 90% of the Surrender Value in case of in force 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 in force policies even if there is a default of loan interest.

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%

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.

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

jeevan anand chart

Related Plans : LIC New Endowment Plan Table No - 814