LIC's New JeevanAnand Plan No. 815 is an updated whole life insurance plan that provides life insurance coverage and guaranteed benefits. Key benefits include a death benefit that is the higher of the sum assured or 10 times annual premium. The plan matures when the insured reaches 75 years of age and provides the basic sum assured along with vested bonuses. Policy loans are available up to 90% of surrender value for in-force policies. The plan has eligibility up to age 50, allows premium payments yearly, half-yearly, quarterly or monthly, and can be revived within 2 years of unpaid premiums.

1. LIC’s NEW JEEVANANAND PLAN
PlanNo. 815
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2. JeevanAnand
PlanNo. 149
NewJeevanAnand
PlanNo. 815
MaturityBenefit MaturityBenefit
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
DeathBenefit DeathBenefit
Duringthe policyterm
BasicSumAssured(BSA)along with Vested Simple
Reversionary Bonuses and
Final Additional Bonus, if any.
Afterexpiryof policyterm
Basic Sum Assured
Duringthe policyterm
‘Sum AssuredonDeath’along with Vested Simple
Reversionary Bonuses and
Final Additional Bonus, if any.
Afterexpiryof policyterm
Basic Sum Assured
LIC’s NewJeevanAnandPlan–Benefits

3. 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]
LIC’s New Jeevan Anand Plan– Benefits

4. 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)
LIC’s New Jeevan Anand Plan–
Eligibility Conditions and Restrictions

5. 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
LIC’s New Jeevan Anand Plan– Rebates

6. 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%
LIC’s New Jeevan Anand Plan– Loan

7. 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
LIC’s New Jeevan Anand Plan– Surrender Value

8. 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.
LIC’s New Jeevan Anand Plan– Surrender Value

9. 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
LIC’s New Jeevan Anand Plan