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NEW JEEVAN ANAND 
Plan No. 815 
Presented by:- 
Sumeet Pawar 
Insurance Advisor 
Call (+91) 7738546484 
License No: 10149681 
Agency Code: 02187929
Features 
LIC's New Jeevan Anand Plan is a participating 
non-linked plan which offers an attractive 
combination of protection and savings. This 
combination provides financial protection 
against death throughout the lifetime of the 
policyholder with the provision of payment of 
lumpsum at the end of the selected policy term 
in case of his/her survival. This plan also takes 
care of liquidity needs through its loan facility.
Benefits 
Death Benefit: 
Provided all due premiums have been paid, the 
following death benefit shall be paid: 
On Death during the policy term: Death benefit, 
defined as sum of Sum Assured on Death and vested 
Simple Reversionary Bonuses and Final Additional 
bonus, if any, shall be payable. Where, Sum Assured 
on Death is defined as higher of 125% of Basic Sum 
Assured or 10 times of annualised premium. This 
death benefit shall not be less than 105% of all the 
premiums paid as on date of death.
Benefits 
Maturity Benefit: 
Basic Sum Assured, along with vested Simple 
Reversionary Bonuses and Final Additional 
Bonus, if any, shall be payable in lump sum on 
survival to the end of the policy term provided 
all due premiums have been paid.
Benefit Illustration 
Basic Details- 
Sum Assured: Rs 1,00,000 
Age at Entry: 30 yrs 
Term: 35 yrs 
Yearly Premium (1st Yr): Rs 3,366 (Rs 3,265 + Rs 101) 
Yearly Premium (2nd Yr…): Rs 3,316 (Rs 3,265 + Rs 50) 
Approximate Maturity Returns- 
Interim Bonus: Rs 1,68,000 
Final Bonus: Rs 1,85,000 
Maturity (SA + IB + FB): Rs 4,53,000
Eligibility Conditions & Other 
Restrictions 
Minimum entry age : 18 years(completed) 
Maximum entry age : 50 years (nearest birthday) 
Maximum maturity age: : 75 years (nearest birthday) 
Minimum policy term : 15 years 
Maximum policy term : 35 years 
Minimum Sum Assured : Rs.1,00,000 
Maximum Sum assured : No limit 
(Sum Assured will be in multiples of Rs.5,000 /- only) 
Premium payment mode : Yearly / Half Yearly / Quarterly / 
Monthly / SSS
High Sum Assured Rebate 
Sum Assured (S.A) Rebate (Rs.) 
1,00,000 to 1,95,000 Nil 
2,00,000 to 4,95,000 Rs 1.50 per 1000 on S.A. 
5,00,000 to 9,95,000 Rs 2.50 per 1000 on S.A. 
10,00,000 and above Rs 3 per 1000 on S.A.
Loan Facility 
Loan can be availed under the policy provided 
the policy has acquired a surrender value and 
subject to the terms and conditions as the 
company may specify from time to time.
Surrender Value 
The policy can be surrendered for cash provided 
at least three full years’ premiums have been 
paid. The Guaranteed Surrender value during 
policy term shall be a percentage of total 
premiums paid (net of service tax) excluding 
extra premiums and premiums for riders, if 
opted for. This percentage will depend on the 
policy term and policy year in which the policy is 
surrendered.
Paid-up Value 
If at least three full years’ premiums have been paid and any subsequent 
premiums be not duly paid, this policy shall not be wholly void, but shall 
continue as a paid-up policy. The Basic Sum Assured under the policy shall be 
reduced to such a sum, called Paid-up Sum Assured and shall bear the same 
ratio to the Basic Sum Assured as the premiums paid bears to the total 
number of premiums payable i.e. Basic Sum Assured *(number of premiums 
paid / number of premiums payable). 
This Paid-up Sum Assured along with vested simple reversionary bonuses, if 
any, is payable on the expiry of policy term or in case of prior death. The 
reversionary bonuses already accrued to the policy as on the date of paid-up 
will remain attached to the policy. A paid-up policy will not accrue any further 
bonuses. In case of death after the policy term Paid-up Sum Assured will be 
paid. 
Rider(s) do not acquire any paid-up value and the rider benefits cease to 
apply, if policy is in lapsed condition.
Revival 
If premiums are not paid within the grace period then the policy 
will lapse. A lapsed policy can be revived within a period of 2 
consecutive years from the date of first unpaid premium but 
before the end of policy term on payment of all the arrears of 
premium together with interest (compounding half-yearly) at 
such rate as fixed by the Corporation from time to time, subject 
to submission of satisfactory evidence of continued insurability. 
The Corporation reserves the right to accept at original terms, 
accept at revised terms or decline the revival of a discontinued 
policy. The revival of discontinued policy shall take effect only 
after the same is approved by the Corporation and is specifically 
communicated to the Policyholder. 
Revival of rider(s), if opted for, will be considered along with 
revival of the basic policy and not in isolation.
Cooling-off Period 
If the Policyholder is not satisfied with the “Terms and 
Conditions” of the policy may be returned to us within 
15 days from the date of receipt of the policy bond 
stating the reasons of objections. On receipt of the 
same the Corporation shall cancel the policy and return 
the amount of premium deposited after deducting the 
proportionate risk premium (for basic plan and rider(s), 
if any) for the period on cover, expenses incurred on 
medical examination, special reports, if any and stamp 
duty.

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LIC - New Jeevan Anand

  • 1. NEW JEEVAN ANAND Plan No. 815 Presented by:- Sumeet Pawar Insurance Advisor Call (+91) 7738546484 License No: 10149681 Agency Code: 02187929
  • 2. Features LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
  • 3. Benefits Death Benefit: Provided all due premiums have been paid, the following death benefit shall be paid: On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
  • 4. Benefits Maturity Benefit: Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
  • 5. Benefit Illustration Basic Details- Sum Assured: Rs 1,00,000 Age at Entry: 30 yrs Term: 35 yrs Yearly Premium (1st Yr): Rs 3,366 (Rs 3,265 + Rs 101) Yearly Premium (2nd Yr…): Rs 3,316 (Rs 3,265 + Rs 50) Approximate Maturity Returns- Interim Bonus: Rs 1,68,000 Final Bonus: Rs 1,85,000 Maturity (SA + IB + FB): Rs 4,53,000
  • 6. Eligibility Conditions & Other Restrictions Minimum entry age : 18 years(completed) Maximum entry age : 50 years (nearest birthday) Maximum maturity age: : 75 years (nearest birthday) Minimum policy term : 15 years Maximum policy term : 35 years Minimum Sum Assured : Rs.1,00,000 Maximum Sum assured : No limit (Sum Assured will be in multiples of Rs.5,000 /- only) Premium payment mode : Yearly / Half Yearly / Quarterly / Monthly / SSS
  • 7. High Sum Assured Rebate Sum Assured (S.A) Rebate (Rs.) 1,00,000 to 1,95,000 Nil 2,00,000 to 4,95,000 Rs 1.50 per 1000 on S.A. 5,00,000 to 9,95,000 Rs 2.50 per 1000 on S.A. 10,00,000 and above Rs 3 per 1000 on S.A.
  • 8. Loan Facility Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.
  • 9. Surrender Value The policy can be surrendered for cash provided at least three full years’ premiums have been paid. The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.
  • 10. Paid-up Value If at least three full years’ premiums have been paid and any subsequent premiums be not duly paid, this policy shall not be wholly void, but shall continue as a paid-up policy. The Basic Sum Assured under the policy shall be reduced to such a sum, called Paid-up Sum Assured and shall bear the same ratio to the Basic Sum Assured as the premiums paid bears to the total number of premiums payable i.e. Basic Sum Assured *(number of premiums paid / number of premiums payable). This Paid-up Sum Assured along with vested simple reversionary bonuses, if any, is payable on the expiry of policy term or in case of prior death. The reversionary bonuses already accrued to the policy as on the date of paid-up will remain attached to the policy. A paid-up policy will not accrue any further bonuses. In case of death after the policy term Paid-up Sum Assured will be paid. Rider(s) do not acquire any paid-up value and the rider benefits cease to apply, if policy is in lapsed condition.
  • 11. Revival If premiums are not paid within the grace period then the policy will lapse. A lapsed policy can be revived within a period of 2 consecutive years from the date of first unpaid premium but before the end of policy term on payment of all the arrears of premium together with interest (compounding half-yearly) at such rate as fixed by the Corporation from time to time, subject to submission of satisfactory evidence of continued insurability. The Corporation reserves the right to accept at original terms, accept at revised terms or decline the revival of a discontinued policy. The revival of discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Policyholder. Revival of rider(s), if opted for, will be considered along with revival of the basic policy and not in isolation.
  • 12. Cooling-off Period If the Policyholder is not satisfied with the “Terms and Conditions” of the policy may be returned to us within 15 days from the date of receipt of the policy bond stating the reasons of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of premium deposited after deducting the proportionate risk premium (for basic plan and rider(s), if any) for the period on cover, expenses incurred on medical examination, special reports, if any and stamp duty.