LIC’s NEW JEEVAN ANAND PLAN

Plan No. 815

Baliram KumarChief Life Insurance Advisor & CM Club Member, LIC Agent.Shiv Mandir, Rajendra PathNew Godown, Gaya-823002Mob - 9934690332 / 8002877978Email – baliram@licagentgaya.comWebsite – www.licagentgaya.com

Jeevan Anand Plan No. 149

New Jeevan Anand Plan No. 815

Maturity Benefit Maturity Benefit

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

Death Benefit Death Benefit

During the policy term

Basic Sum Assured(BSA) along

with Vested Simple Reversionary

Bonuses and

Final Additional Bonus, if any.

After expiry of policy term

Basic Sum Assured

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

Modification- ‘Sum Assured on Death' instead of BSA

No change

LIC’s New Jeevan Anand Plan– Benefits

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

Particulars Jeevan AnandPlan 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 modeYearly, 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)

Maximum Age at entry reduced.

Policy term modified

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

ModeRebate

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 149Jeevan Anand

Plan No. 815New 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

Slab & Rate modified

Rate modified

LIC’s New Jeevan Anand Plan– Rebates

Jeevan AnandPlan No. 149

New Jeevan AnandPlan 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%

% of loan modified

LIC’s New Jeevan Anand Plan– Loan

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 paidPolicy 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%

GSV % modified

Bonus Payable modified

No Change

LIC’s New Jeevan Anand Plan– Surrender Value

Jeevan Anand Plan No. 149

New Jeevan AnanadPlan 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.

No change in SSV

LIC’s New Jeevan Anand Plan– Surrender Value

Jeevan AnandPlan No. 149

New Jeevan AnandPlan 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