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LICs NEW JEEV N N ND PL N

Plan No. 815

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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 AnyDeath Benefit Death Benefit

During the policy term

Basic Sum Assured BSA) along

with Vested Simple ReversionaryBonuses and

Final Additional Bonus, if any.

After expiry of policy term

Basic Sum Assured

During the policy term

Sum ssured on Death along

with Vested Simple ReversionaryBonuses and

Final Additional Bonus, if any.

After expiry of policy term

Basic Sum Assured

Modification-

Sum Assured

on Death'

instead of BSA

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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]

LICs New Jeevan Anand PlanBenefits

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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 (SSSor ECS)

Yearly, Half-yearly,

Quarterly, Monthly (SSSor ECS)

Basic SumAssured

100000 and above100000 and above( In multiples of 5000)

Maximu

mAge at

entry

reduced.

Policy

term

modified

LICs New Jeevan Anand Plan

Eligibility Conditions and Restrictions

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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

Slab & Rate

modified

Rate

modified

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Jeevan Anand

Plan No. 149

New Jeevan Anand

Plan No.815

Available after payment of 3 fullyears premiums.

Available after payment of 3 fullyears premiums.

Loan granted shall be 90% of the

Surrender Value in case of inforce

policies and 85% of the SurrenderValue 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 thePolicy Term, as given in the table

below.

Foreclosure action was initiated on

default of 2 or more half-yearly loaninterest installments.

Foreclosure action shall not be taken

under fully paid-up and inforcepolicies 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 loanmodified

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Jeevan Anand

Plan No. 149

New Jeevan Ananad

Plan 815

Special Surrender Value (SSV) Special Surrender Value (SSV)

Surrender Value shall be thediscounted value of the Paid-up SumAssured and vested simplereversionary bonuses.

Surrender Value shall be thediscounted value of the Paid-up SumAssured and vested simplereversionary bonuses.

The discount factors shall besurrender value factors as providedin Table-1A and 2A(whole life) of theSpecial Surrender Value Booklet andwill depend upon the policy term andduration elapsed since the

commencement of the policy.

The discount factors shall be Specialsurrender value factors as providedin Table-1A and 2A(Whole life) of theSpecial Surrender Value Booklet andwill depend upon the policy term andduration elapsed since the

commencement of the policy.Surrender Value Payable Surrender Value payable

The Higher of Guaranteed SurrenderValue and Special Surrender Valueshall be payable.

The Higher of Guaranteed SurrenderValue and Special Surrender Valueshall be payable.

No change in SSV

LICs New Jeevan Anand PlanSurrender Value

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Jeevan Anand

Plan No. 149

New Jeevan Anand

Plan No. 815

A Policy may be revivedwithin a period of 5 years fromthe date of first unpaid

premium.

A Policy may be revivedwithin a period of 2 years fromthe date of first unpaid

premium.

Accident Benefit inbuilt. Accident Benefit as a rider.

Taxes, if any , were borne by thecorporation.

Taxes, if any, shall be applicable atthe prevailing rates and borne bythe policyholder as per rules.

There shall be no change in the following Items

Back Dating

Grace Period

Paid-up Value

Assignment/Nomination

LICs New Jeevan Anand Plan