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LIC New Jeevan Anand Policy Table No 815

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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]

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

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

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.

Policy Term	Upto 23	24 to 27	28 to 31	32 to 35
% for in force policies	90%	80%	70%	60%
% for Paid-up policies	80%	70%	60%	50%

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

Lic New Jeevan Anand Plan Table No 815 from Satyendra Gupta



  LIC New Jeevan Anand Plan Table No 815 Illustration

Related Plans :  LIC New Endowment Plan Table No - 814

LIC Money Back Plan for 25 Years Table No 821

LIC launches new Money Back Plan for 25 Years (Table No 821).

A  Policy may be revived within a period of 2 years from the date of first unpaid premium.

Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules.

Maturity Benefit - 40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any

Death Benefit -Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.

The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

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 Annualized Premium. (10 x AP).

[*Premiums - excluding taxes, extra premiums and premiums for riders, if any]

SURVIVAL BENEFIT (as a percentage of Sum Assured)

Policy Year	5th	10th	15th	20th
Survival Benefit Payable	15%	15%	15%	15%

Paid –up value shall be equal to (Number of premiums paid/ Total Number of premiums payable) x Basic Sum Assured less total amount of Survival Benefits paid under the policy.

Eligibility Conditions and Restrictions

·         Age at entry - 13 to 45 years

·         Age at Maturity - Maximum 70 Years

·         Policy Term - 25 years

·         Premium Paying Term – 20 Years

·         Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)

·         Basic Sum Assured - 1,00,000 and above ( In multiples of 5000)

Loan – Available after payment of 3 full years’ premiums.

The maximum amount of loan that can be granted as a percentage of Surrender Value be as under:

·         For enforce and fully paid-up policies – up to  90%

·         For paid-up policies – 80%

·         Foreclosure action shall not be taken under fully paid-up and enforce policies even if there is default of loan interest.

Surrender Value-

Guaranteed Surrender Value (GSV) - Available after payment of 3 full years premiums.

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. Less any Survival Benefits already paid.

Examples of GSV factors applicable for total premiums paid

Policy Year ~ GSV factor

3   =   30%

5   =   50%

t -1 =   80% (t=Policy Term)

GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors –

Year of SV – Factor

3            15.28%

20            21.99%

24             30%

Special Surrender Value (SSV) - Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.

The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.

The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

Lic New Money Back Table No 821-25 years from Satyendra Gupta

LIC Money Back Plan for 25 Years Table No 821 Premium Chart

LIC Money Back Plan for 25 Years Table No 821 Illustration

LIC Money Back Plan for 20 Years Table No 820

LIC launches new Money Back Plan for 20 Years (Table No 820).

Service Tax shall be applicable at the prevailing rates and borne by the policyholder as per rules.

Maturity Benefit - 40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any

Death Benefit -‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.

The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

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 Annualized Premium. (10 x AP).

[Premiums - excluding taxes, extra premiums and premiums for riders, if any]

SURVIVAL BENEFIT (as a percentage of Sum Assured)

Policy Year	5th	10th	15th
Survival Benefit Payable	20%	20%	20%

Paid –up value shall be equal to (Number of premiums paid/ Total Number of premiums payable) x Basic Sum Assured less total amount of Survival Benefits paid under the policy.

Eligibility Conditions and Restrictions

·         Age at entry - 13 to 50 years

·         Age at Maturity - Maximum 70 Years

·         Policy Term - 20 years

·         Premium Paying Term – 15 Years

·         Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)

·         Basic Sum Assured - 1,00,000 and above ( In multiples of 5000)

Loan – Available after payment of 3 full years’ premiums

The maximum amount of loan that can be granted as a percentage of Surrender Value be as under:

·         For enforce and fully paid-up policies – up to  90%

·         For paid-up policies – 80%

·         Foreclosure action shall not be taken under fully paid-up and enforce  policies even if there is default of loan interest

Surrender Value-

Guaranteed Surrender Value (GSV) -

·         Available after payment of 3 full years’ premiums.

·         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. Less any survival Benefits already paid.

·         Examples of GSV factors applicable for total  premiums paid

Policy Year ~ GSV factor

3   =   30%

5   =   50%

t -1 =   80% (t=Policy Term)

GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors –

Year of SV – Factor

3            16.21%

10            18.16%

19               30%

Special Surrender Value (SSV) - Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.

The discount factors shall be special surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy.

The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

LIC New Money Back plan table no 820 - 20 years from Satyendra Gupta




LIC Money Back Plan for 20 Years Table No 820 Premium Chart
LIC Money Back Plan for 20 Years Table No 820 Illustration

LIC New Endowment Plan Table No 814

For Cashless Health Insurance click Religare Health Insurance. 

For more information please visit Health Insurance.

LIC Launches New Endowment Plan (Table No 814). As per the IRDA, LIC revised all the popular plans accordingly to the new rule.

Maturity Benefit - Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any.

Death Benefit - ‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.

The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

What is Sum Assured on Death?

Sum Assured on Death shall be higher of ~ Basic Sum Assured (BSA)

OR 10 times Annualized Premium. (10 x AP).

[*The premiums mentioned in death benefit are excluding taxes, extra premiums and premiums for riders, if any]

Eligibility Conditions and Restrictions

·         Age at entry – 8 to 55 years

·         Age at Maturity – Maximum 75 Years

·         Policy Term – 12 to 35 years

·         Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)

·         Basic Sum Assured – 100000 and above

Loan – Available after payment of 3 full years’ premiums.

The maximum amount of loan that can be granted as a percentage of Surrender Value shall depend on the Policy Term.

Foreclosure action shall not be taken under fully paid-up and enforce policies even if there is default of loan interest.

Guaranteed Surrender Value (GSV) - Available after payment of 3 full years premiums.

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)

GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors –

Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses.

Year of SV – Policy Term – Factor

3                  12                  18.60%

19                 25                  20.85%

29                 30                  30%

(In multiples of 5000)

Special Surrender Value (SSV) - The discount factors shall be surrender value factors as provided in Table-1A 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 – The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

LIC’s New Endowment Plan – Changes over Table No.14

1.       Sum Assured on Death’ has been defined separately

2.       Age at entry has been reduced.

3.       Percentage of Loan payable as a percentage of Surrender Value shall depend upon policy term.

4.       GSV percentage shall also depend on policy term and year of Surrender

5.       Rebates for high SA and premium mode modified.

     LIC New Single premium Endowment Plan 817-2014 from Satyendra Gupta

LIC New Endowment Plan Table No 814 Premium Chart


LIC New Endowment Plan Table No 814 Illustration

Lic New Endowment plan Illustration Calculator

Related Plans :  LIC New Jeevan Anand Plan Table No - 815