LIC New Jeevan Anand Policy Table No 815 Details

Monday, January 6, 2014

LIC Of INDIA

LIC New Jeevan Anand Policy Table No 815 Details | Features, Benefits Reviews, Premium, Maturity and Risk Cover

LIC Jeevan Anand Policy Table 815 Details

LIC New Jeevan Anand(815) Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his or her survival.

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 Jeevan Anand Plan Details Plan no 815 Features


LIC Jeevan Anand Details Plan 815






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 / Premium Paying 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
New Jeevan Ananad 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.


LIC Jeevan Anand 815 Policy Benefits: 

Death benefit : 


Provided all due premiums have been paid, the following death benefit shall be paid:

On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death. 

The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.

On death of policyholder at any time after policy term: Basic Sum Assured

Benefits payable at the end of Policy Term: Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Participation in Profits : 


The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during policy term provided the policy is in full force.

Final (Additional) Bonus may also be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run for certain minimum term.

Optional Benefit: 


LIC's Accidental Death and Disability Benefit Rider: LIC's Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium during the policy term. In case of accidental death during the policy term, Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Loan :

Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.

Income Tax Benefit :

Premium paid under this plan is eligible for TAX rebate under section 80c.
Maturity amount under this plan is free under sec 10(10D).

Proposal Form : 300 shall be used under this plan.


There shall be no change in the following Items
Back Dating
Grace Period
Paid-up Value
Assignment/Nomination


You can buy this as a LIC pension plan with single maturity or multiple maturities.






Lic New Jeevan Anand Plan Table No 815 


  LIC New Jeevan Anand Plan Table No 815 Illustration


LIC New Jeevan Anand Plan Table No 815 Illustration






















lic jeevan anand, jeevan anand policy, lic new jeevan anand, lic jeevan anand policy, new jeevan anand, lic jeevan anand premium calculator, lic jeevan anand calculator, lic jeevan anand maturity amount calculator, jeevan anand 815, jeevan anand policy details, jeevan anand policy calculator, lic jeevan bima policy, jeevan anand premium calculator, lic jeevan anand policy details, new jeevan anand 815, lic jeevan anand returns, lic jeevan anand 815, lic jeevan bima policy details, lic jeevan anand plan, jeevan anand plan, jeevan anand policy benefits, jeevan anand calculator, lic jeevan anand chart, jeevan anand maturity calculator, lic jeevan anand policy calculator, jeevan anand chart, lic jeevan bima policy premium, lic jeevan anand policy details plan, jeevan anand policy chart, lic jeevan anand maturity calculator, jeevan anand return calculator, new jeevan anand policy, lic jeevan anand returns calculator, lic jeevan anand premium chart, jeevan anand 815 premium calculator, lic new jeevan anand premium calculator, lic jeevan anand premium, lic new jeevan anand 815, jeevan bima policy, jeevan anand returns, lic jeevan anand benefits, jeevan anand policy details chart, lic jeevan anand plan chart, lic plan 815, lic new jeevan anand policy, new jeevan anand premium calculator, lic jeevan policy, jeevan anand policy maturity calculator, lic jeevan anand policy chart, lic new jeevan anand plan, lic jeevan anand plan details, life insurance jeevan anand, jeevan anand pension plan, new jeevan anand policy details, new jeevan anand maturity calculator, jeevan anand policy premium, lic jeevan anand 815 maturity amount calculator, lic jeevan anand policy premium chart, lic new jeevan anand with profits, lic jeevan anand policy details chart, lic new jeevan anand plan 815, lic jeevan anand policy benefits, jeevan anand premium, lic jeevan anand 815 benefits, lic jeevan anand maturity amount table, jeevan anand premium chart, new jeevan anand plan, lic jeevan anand details, jeevan anand plan details, lic jeevan anand scheme, lic new jeevan anand maturity calculator, jeevan anand lic policy returns calculator, jeevan bima policy plan, lic jeevan anand maturity amount, jeevan anand maturity chart, jeevan anand policy premium calculator, lic plan 815 details, jeevan anand lic policy maturity amount calculator, lic jeevan anand returns chart, jeevan anand policy benefits calculator, lic jeevan anand plan calculator, lic plan no 815 premium chart, new jeevan anand calculator, lic new jeevan anand calculator, lic plan new jeevan anand, jeevan anand 815 calculator, jeevan anand benefits, jeevan anand money back policy, lic 815, lic jeevan anand table 815 premium calculator, lic jeevan anand policy premium calculator, lic policy 815 details, lic new jeevan anand policy details, lic jeevan anand policy maturity calculator, lic jeevan anand with profits, lic policy no 815, lic jeevan anand benefits calculator, jeevan anand 815 maturity calculator, lic plan 815 maturity calculator, jeevan anand policy maturity benefits, lic table no 815, lic jeevan anand policy features, lic table no 815 premium calculator, new jeevan anand policy benefits, jeevan anand calculator maturity sum assured, jeevan anand policy calculator lic, new jeevan anand policy 815 details, lic jeevan anand 815 premium chart, jeevan anand lic policy returns chart, lic jeevan anand maturity benefit, jeevan anand maturity amount, lic jeevan anand 815 premium calculator, new jeevan anand 815 maturity calculator, jeevan anand details, new jeevan anand plan 815, lic plan no 815, best lic policy for 15 years, jeevan anand policy return calculator, jeevan anand with profits and accident benefit, lic policy plan 815, lic 815 premium calculator, jeevan anand with profits, return on jeevan anand lic policy, jeevan anand maturity benefits, jeevan anand scheme, jeevan beema policy, jeevan anand 815 policy details, jeevan anand plan 815, new jeevan anand benefits, lic jeevan anand features, jeevan anand plan calculator, lic new jeevan anand 815 premium calculator, lic jeevan anand premium table, lic jeevan anand benefit chart, new jeevan anand premium, lic new jeevan anand policy premium calculator, lic jeevan policy details, lic jeevan anand policy table 815, lic jeevan anand 815 maturity calculator, table 815, lic plan 815 premium calculator, jeevan anand with profits with accident benefit, lic policy 815, jeevan anand table 815, new jeevan anand policy premium calculator, lic new jeevan anand plan 815 details, lic new jeevan anand 815 maturity calculator, lic anand policy details, lic pension policy, lic policy plan 815 details, new jeevan anand policy maturity calculator, lic jeevan anand plan 815, lic jeevan anand policy details calculator, lic table no 815 premium chart, new jeevan anand 815 features, lic jeevan anand policy details plan 815, jeevan anand 815 benefits, lic table 815, lic new jeevan anand maturity amount calculator, jeevan anand policy features, lic jeevan anand bonus, 815 lic plan premium calculator, lic new jeevan anand premium chart, jivan anand, jeevan anand 815 policy, jeevan saathi lic policy maturity amount calculator, lic policy calculator jeevan anand, lic 815 maturity calculator, new jeevan anand policy calculator, new jeevan anand table no 815, best lic policy jeevan anand, jeevan anand 815 plan, lic table 815 premium chart, jeevan anand policy returns, jeevan anand maturity amount calculator, new jeevan anand premium chart, new jeevan anand 815 benefits, jeevan anand lic policy details with example, new jeevan anand return calculator, lic jeevan anand returns on maturity, jeevan anand features, maturity calculator for jeevan anand, jeevan anand endowment policy, lic new jeevan anand policy features, lic policy 815 maturity calculator, lic policy jeevan anand 815, lic 815 premium chart, new jeevan anand table 815, lic new jeevan anand benefits, jeevan anand premium and maturity calculator, lic policy new jeevan anand table no 815, lic jeevan anand policy premium chart pdf, new jeevan anand lic maturity calculator, jeevan anand policy maturity, lic new jeevan anand premium and maturity calculator, lic jeevan anand table 815, lic jeevan anand 815 details, lic policy table no 815, lic jeevan anand plan 815 table, jeevan anand maturity calculator online, lic maturity calculator jeevan anand, lic jeevan anand review, jeevan anand benefit calculator, lic jeevan anand premium and maturity calculator, lic plan no 815 details, lic jeevan anand 815 policy details, jeevan anand policy maturity amount calculator, lic jeevan anand plan 815 maturity calculator, new jeevan anand 815 plan, new jeevan anand 815 calculator, jeevan anand policy 815, jeevan anand table, lic jeevan anand premium maturity amount calculator, jeevan anand plan chart, new jeevan anand plan no 815, lic 815 table chart, plan 815 lic, jeevan anand 815 chart, lic new jeevan anand policy maturity calculator, jivan anand policy, new jeevan anand premium and maturity calculator, lic jeevan anand policy maturity amount calculator, jeevan anand plan no 815, lic jivan anand, lic jeevan anand table no 815, lic jeevan anand plan 815 benefits, lic jeevan anand no 815, new jeevan anand with profits, jeevan anand table no 815, jeevan anand benefit illustration, jeevan anand no 815 calculator, jeevan anand maturity value, lic new jeevan anand 815 maturity amount calculator, lic policy 15 years, lic jeevan anand premium amount calculator, jeevan anand illustration, lic premium calculator with maturity amount, lic jeevan anand plan 815 details, jeevan anand lic policy sum assured, jeevan anand plan 815 maturity calculator, new jeevan anand 815 maturity chart, lic plan term 815, lic maturity amount calculator jeevan anand, jeevan anand 815 maturity value calculator, lic retirement policy, lic table no 815 maturity calculator, jeevan anand sum assured, lic maturity amount calculator for jeevan anand, jeevan anand policy no 815, jeevan anand policy plan 815, lic jeevan plan, new jeevan anand benefit illustration, jeevan anand policy 815 details, new jeevan anand 815 premium chart pdf, jeevan anand 815 maturity value, jeevan anand plan 815 chart, jeevan anand accidental benefit, jivan anand calculator, jeevan anand plan 815 table, jeevan anand plan 815 details, 815 jeevan anand lic detail, jeevan anand 815 details, new jivan anand, jeewan anand policy, lic jeevan anand maturity calculator excel, lic new jeevan anand review, lic table no 815 chart, lic jeevan anandno 815 details, lic jeevan anand premium calculator excel, new jeevan anand policy features, jeevan anand policy review, new jeevan anand review, jeewan anand, lic jeevan anand policy 815, jeevan anand plan 815 returns calculator, lic jeevan anand plan no 815, jivan anand policy detail, jeevan anand 815 plan benefits, jeevan anand policy table 815, lic policy jeevan anand plan 815, lic policy table 815, jeevan anand review, jeevan anand





No comments :

Post a Comment