LIC NEW JEEVAN ANAND 2014

LIC introduce new version of Jeevan Anand (Table No 149) in a new avatar – New Jeevan Anand (Table No 815).

Features of Jeevan Anand
This is a combination of endowment and whole life plan. Where you need to pay premiums for a specific period, but you will be covered for whole life.

This plan is best for young professionals who are looking for a long term insurance cover. The older version of this plan has already make a history in the insurance industry.

Bonus in New Jeevan Anand
Since New Jeevan Anand is a with profit plan, LIC will declare the bonuses time to time. There are 2 type of bonuses paid Simple revisornery bonus and final addition bonus.


Premium Chart
To get a free insurance premium chart, contact your local agent.

How New Jeevan Anand works
The policyholder decides the sum assured and term for which you want to pay premiums.

On Maturity He/She gets Sum Assured with Bonuses and final addition bonuses + Life time insruace cover

On Death

- before expiry of term Sum Assured on Death + Bonus (Till Date) + Final Addition Bonus (if any)
- after expiry of term Basic Sum Assured

Sum Assured on Death = higher of (125% of Basic Sum Assured / 10 times of Annual Premium)

Min. Entry age: 18rs                                                                        Max. Entry age: 50yrs

Max. Maturity age: 75yrs                                                              Min. Policy term: 15yrs

Max. Policy term: 35yrs                                                                 Min. Sum assured:  100000/-      

Max. Sum assured: no limit                                                         Extra sum assured: 25% of SA

Premium payment term: as equal to policy term              Payment mode: monthly/ quarterly/half yearly/ yearly

Accidental Rider: Available                                                           Loan facility: after 3yrs

Tax benefit:  Available                                                                   Maturity benefit: SA + bonus+ interim bonus                    

Death benefit:  SA + bonus+ interim bonus                          Accidental Death benefit:  2XSA + bonus+ interim bonus

Sample premium details

LIC new Jeevan Anand

PAYMENT TERM 20YRS & SA 2LAC

PAYMENT TERM 15YRS & SA 2LAC

AGE

MLY

QLY

HLY

YLY

AGE

MLY

QLY

HLY

YLY

10

 

 

 

 

 

 

 

 

 

20

 

 

5792

11465

20

 

 

8016

15870

25

 

 

5914

11707

25

 

 

8169

16173

30

 

 

6077

12031

30

 

 

8364

16556

35

 

 

6286

12445

35

 

 

8623

17072

40

 

 

6572

13010

40

 

 

8950

17718

 

LIC new Jeevan Anand

PAYMENT TERM 20YRS & SA 1LAC

PAYMENT TERM 15YRS & SA 1LAC

AGE

MLY

QLY

HLY

YLY

AGE

MLY

QLY

HLY

YLY

10

 

 

 

 

 

 

 

 

 

20

 

 

2973

5886

20

 

 

4085

8089

25

 

 

3034

6008

25

 

 

4162

8241

30

 

 

3115

6170

30

 

 

4259

8433

35

 

 

3221

6377

35

 

 

4389

8690

40

 

 

3364

6660

40

 

 

4552

9014