1. LIC’s NEW JEEVAN ANAND PLAN
Plan No. 815

2. After expiry of policy term
LIC’s New Jeevan Anand Plan– Benefits
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No. 815
Maturity Benefit
Basic Sum Assured along with
Vested Simple Reversionary Bonuses and
Final Additional Bonus, if Any.
Final Additional Bonus, if Any
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
‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and
No change
Modification- ‘Sum Assured on Death' instead of BSA

3. 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]

4. LIC’s New Jeevan Anand Plan– Eligibility Conditions and Restrictions
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)
Basic Sum Assured
and above
( In multiples of 5000)
Maximum Age at entry reduced.
Policy term modified

5. LIC’s New Jeevan Anand Plan– Rebates
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
Rate modified
Slab & Rate modified
Plan No 149
Jeevan Anand
Plan No. 815
New Jeevan Anand
Basic Sum Assured
Rebate (Rs.)
10,00,000 and above
1.75‰ BSA
3.00‰ BSA
5,00,000 to 9,95,000
1.50‰ BSA
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

6. Available after payment of 3 full years premiums.
LIC’s New Jeevan Anand Plan– Loan
Jeevan Anand
Plan No. 149
New Jeevan Anand
Plan No.815
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.
% of loan modified
Policy Term
Upto 23
24 to 27
28 to 31
32 to 35
% for inforce policies
90%
80%
70%
60%
% for Paid-up policies
50%

7. LIC’s New Jeevan Anand Plan– Surrender Value
Plan No.149
Plan No. 815
Guaranteed Surrender Value (GSV)
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 % % %
No Change
GSV % modified
Bonus Payable modified

8. LIC’s New Jeevan Anand Plan– Surrender Value
No change in SSV
Jeevan Anand
Plan No. 149
New Jeevan Ananad
Plan 815
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 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.

9. Assignment/Nomination
LIC’s New Jeevan Anand Plan
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