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LIC New Jeevan Anand Policy Review

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Lic Jeevan Anand plan Features

LIC New Jeevan Anand Policy Review

LIC New Jeevan Anand Policy 815 is a combination of endowment and whole life policy. New Jeevan Anand LIC Policy provides insurance cover for entire life of the insured person. It is a pure investment plan with high bonus facility and  liquidity facility incorporated and saving point. LIC New Jeevan Anand 815 Policy is a Double Death Benefit Plan if the life insured survives till the end of the policy term. LIC Jeevan Anand Policy is whole life risk coverage even after maturity and full payout at maturity (Basic Sum Assured + Bonus).

Lic Jeevan Anand Policy benefits, conditions, rebates and New Jeevan Anand 815 premium chart is given below. Also you can calculate the maturity and death benefits using LIC New Jeevan Anand Maturity Calculator and Premium Calculator.

Terms and Eligibility Conditions of Jeevan Anand Policy

Entry age
  • Minimum age – 18 years(completed)
  • Maximum age – 50 years(Nearest Birthday)
Policy Term
  • Minimum term – 15 years
  • Maximum term – 35 years
Sum Assured
  • Minimum – Rs.1,00,000
  • maximum – No limit
Premium paying modes
  • Monthly (SSS, ECS), Quarterly, Half yearly, Yearly
Maximum Age of Maturity
  • 75 years(Nearest Birthday)
Maximum Cover Ceasing age
  • 70 years(Nearest Birthday)
Grace Period
  • If the Premium is not paid within the time then a delay of 30 days for Yearly, Half-Yearly and Quarterly modes and 15 days for monthly mode is extended to pay the premium amount which is grace period.

LIC New Jeevan Anand Policy Rebates

Sum Assured Rebates:

Sum Assured Rebate
Rs.1,00,000 to Rs.2,00,000 NIL
Rs.2,00,000 to Rs.4,95,000 For every Rs.1000, Sum assured is Rs.1.50
Rs.5,00,000 to Rs.9,95,000 For every Rs.1000, Sum assured is Rs.2.50
Rs.10,00,000 and above For every Rs.1000, Sum assured is Rs.3.00

Mode Rebate: 

Mode Percentage
Yearly    Table premium 2%
Half yearly Table Premium 1% 

LIC New Jeevan Anand 815 Benefits

Death Benefit: In case of death of the Life Insured,

  • During the Policy Term: Nominee will get the Sum Assured + accrued Simple Reversionary Bonus + Final Additional Bonus and policy Will close.
  • After the Policy Term: Only the Basic Sum Assured is paid and Policy will close.

Maturity Benefit: If Policy holder Survive till the end of Term, he will get basic Sum Assured + accrued Simple Reversion Bonus + Final Additional Bonus as LIC New Jeevan Anand maturity amount and the policy will continues rest of his life.

Income Tax Benefit: Income Tax Benefits are available on Paid Life Insurance Premium and Maturity Benefit will also be tax free.

New Jeevan Anand Lic policy Buying Procedure

Required documents to buy for fresh policy of LIC New Jeevan Anand Policy are

  • Application form/Proposal form along with photo
  • Address proof
  • Age proof
  • Medical reports(if required)

Claim Procedure of LIC New Jeevan Anand policy

The documents required for claim procedure under New Jeevan Anand LIC Policy are given below

  • NEFT form
  • Discharge form
  • Cancel check or Bank Pass book xerox
  • Policy bond
  • Death certificate

LIC New Jeevan Anand Policy Premium Calculator

The required data for calculating the premium rates in LIC Jeevan Anand Policy using Lic new jeevan anand 815 premium and maturity calculator are,

  • NAME :
  • E-MAIL ID :
  • MOBILE NUMBER :
  • AGE :
  • TERM :
  • SUM ASSURED :

Additional Information of LIC New Jeevan Anand 815

Loan facility: Loan facilities are available under LIC New Jeevan Anand Policy

Risk coverage: Risk coverage will be provided till the end of term policy.

Locking Period: If you are not satisfied with this policy you may return the policy within 15 days from date of receipt of the policy. After 15 days you are not eligible for cancelling the policy upto 3 years.

Riders: Riders are available under this  LIC Jeevan Anand policy. Availability of Accidental Death and Disability Benefit rider.

House Loan Surety: House loan surety is available under this LIC New Jeevan Anand policy.

Suicide clause: If the policy holder commits suicide for any of the reasons within 12 months of date of commencement of risk or from date of revival, then 80% of premium for what he had paid will be returned to his assignees or nominees

Date of Commencement of Risk: In case of children whose age is less than 8 years risk commencement  starts  either from 2 years of taking the policy or  from achieving 8 years old which is earlier.

Income Tax Reduction: Available for premiums paid and for Maturity returns.

Policy Revival: If the premium is not paid by you within the grace period then the  policy will lapse. If you are interested to continue this policy then you can revive your policy on or before 2 years from date of first Unpaid premium.

Proposal Forms: Proposal Form no. 300 or 340 will be used under this LIC Jeevan Anand policy.

Service Tax: 3.09% service tax is applicable. For more Information refer www.taxqueries.in

Cooling Off Period: If you are not satisfied with this policy term you may return the policy within 15 days from the date of receipt of the policy.

Backdating interest: The policy can be backdated within the same financial year.

Assignments/Nominations: Assignees and nominees are possible under this LIC New Jeevan Anand plan.

Paid up value: Basic Sum Assured x (number of premiums paid / number of premiums payable).

Surrender Value: This policy can be surrendered at any time. However, if you surrender it before completion of three years, you will not get any sum in return. On surrendering after three policy years, the insurance company will pay a guaranteed surrender value equal to 30% of all premiums paid after deducting the first year’s premium.

Policy Stamping: Under, LIC New Jeevan Anand policy stamping charges will be 20 paise per thousand sum assured.

Sum Assured on Death: It means 125% of Basic sum assured or 10 times Annual Premium whichever is higher that amount will be paid to nominee.Death benefit paid should be more than 105% of total premiums paid as on the date of death.

Example: Suppose if Prakash had taken New Jeevan Anand Policy for Rs.10,00,000 for 21 years policy term. If in case he dies in the middle of the policy term then he will be paid  125% of Basic Sum Assured or 10 times of annual Premium whichever is higher i.e.

Basic Sum Assured is 125% of Basic Sum Assured= 10,00,000 x (125/100) =12,50,000

If Prakash paid Premium of 1,00,000 for 10 years then

10 times of of annual Premium is= 10 x 1,00,000=Rs.10,00,000

Now,Nominee gets higher amount as death benefit which is 12,50,000 higher than 10 lakhs.

Example of LIC New Jeevan Anand Plan 815

Suppose Chandrashekar has taken LIC New Jeevan Anand Policy the following details are as follows

Age : 25 years

Sum Assured : 25,00,000

Policy Term : 30 years

Now, Chandrashekar is going to pay premium with and without tax at different modes are tabulated below:

Premium Without Tax Tax With Tax
Yearly 85160 2631 87791
Half-Yearly 42120 1302 44370
Quarterly 21750 672 22422
Monthly 7250 224 7474

 After paying premiums the maturity and Life long insurance coverage benefits are given below

Maturity Benefit 88,50,000
Life long insurance coverage benefits 25,00,000

FAQ’s of LIC New Jeevan Anand Policy

What happens if you stop paying premium?

If you stop paying the premiums after paying first years premium in full, the policy acquires a Paid Up Value for a Reduced Sum Assured.

Is there any loan facility in this policy?

Yes, Loan facility is available under this LIC Jeevan Anand policy.

Is House Loan surety is available in this plan?

Yes, House loan surety is available.

For more details please go through the given below official link,

Click here for Lic New Jeevan Anand Plan

Related Lic Endowment Plans

LIC New Endowment Policy

LIC Single premium Endowment Policy

LIC Jeevan Rakshak Policy

LIC Limited Premium Endowment Policy

LIC Jeevan Sangam Policy

LIC Jeevan Lakshya Policy

Comments

    • Clear your doubt / query about Lic plan and policy….in GURGAON and delhi……NCR….
      भारतीय जीवन बीमा निगम.
      Manoj Sharma
      Lic Life Insurance Advicer
      mnjshrm638@gmail.com
      9911335083.

      Reply

      • If a lic jeevan anand plan no.815 policy holder commit suicite after 12 months of commissemnet,what benefit provide by lic

        Reply

      • kya new jeevan anand policy ke bond me niche ka date rahna jaruri hei.
        jo date stamp date jaisa rahta hei.
        pls reaply.
        jo date stamp date jaisa rahta hei.
        end page me,branch manager ke signature ke oposit me jo rahta hei.
        left side me end of page.
        pls Rp[y.

        Reply

    • Clear your doubt / query about Lic plan and policy….in GURGAON and delhi……NCR….
      भारतीय जीवन बीमा निगम.
      Manoj Sharma
      Lic Life Insurance Advicer
      mnjshrm638@gmail.com
      9911335083.

      Reply

  5. Dear sir

    I have join in New jeevan ananad policy from dt.01/05/2011 & pay quarterly amt.3033 & policy term 15 yrs.

    please reply for maturity amt after end of policy term .

    Thanks

    Reply

  6. Me 36 sal ka hu muje 5 lakh ka sum assured policy chahiye new jeevan anand,,,to muje yearly kitna priemeim bharna hogga,,tearm 15 sal ka muturity kitna milega

    Reply

  8. Can usa person living with HIV AIDS apply for Jeevan Anand Policy. And what if he applies without declaring his HIV stat

    Reply

  14. Iam THOMAS.V.V. having policy no 452557137 dated 28.03 2004(JEEVANANAND) informed you that i am retaired from my serivce from 30th nov.2014. I requested the l.i.c.to transfer my policy to kottayam kerala (CODENO:784) several times.All the document are already submitted. But till date the policy is not transfer. My premium is pending from november 2014.So kindly take an immediate action to transfer the policy.

    Reply

  15. Contact for LIC plan and poliy. (Delhi/NCR/Gurgaon/Noida)
    Life Insurance Corporation of India
    Rajeev Kumar
    call/whatsapp: +91-9811689181

    Reply

  17. Hi,
    Please advise tax benefit on jeevan anand policy.

    My mother having a policy jeevan anand and I m the nominee in the policy. I m paying the perium yearly . Do i will get tax benefit against the policy.

    Reply

  18. क्या न्यू जीवन आनंद 815 आनलाइन भी उपलब्ध है

    Reply

  19. Hi,
    GOOD AFTERNOON,
    i am recentely took a policy of jeevan aanandh worth of 4,00,000 on quartly base (premimum).
    please explain the benifits of this policy

    Reply

  21. PZE Send if i have taken one policy of Rs. 100000/- Under New Jeevan Anand Plan Table 815. After 15 years i will receive Rs. 250000/- as maturity amount . then i will receive 80% of Sum Assured after surrender bond paper.

    Please to clear my doubt/ confusion about it

    Reply

  25. Age – 25
    Priemum yarly – 27000

    Time – 21 year
    So tell me what amount recived by lic plan and its benfits

    Reply

  26. I suggest to all , please don’t invest in LIC,
    You can Invest in Gold / House / Land / Property, but don’t select LIC to saving,
    If you calculate , you will get idea, LIC Broker & LIC is only beneficial, not public who are invest.

    Reply

  27. I questioned to Broker before taken the policy,
    If I discontinued due to financial problems, then how much amt will I get , and broker said, 85-90% amt will get after 3 yrs , if you surrender, But Now I see , only 30% value of premium paid, will receive after 3 yrs.

    Reply

  30. Please guide me as i want to close one of my LIC account of new jeevan anand policy.

    Please guide me as I am in need of money for my family support.

    Thanks and regards
    Shukla

    Reply

  31. My friend takes two Jeevan Saral policy. But he stops to give premium one of them. May i restart his stop policy and transfer it to my name. Is it possible ?

    Reply

  33. MERI AGE 33 HAI MAINE JEEVAN ANAND POLICY LI HAI 21YEAR KE PER PREMIUM 14596INR HAI PER TABLE MAI 13563INR DIKHA RAHA HAI WHY PLS TELL ME

    Reply

  34. Dear Brothers,Sisters,Friends,
    This Policy is More Useful to all Class People to Make Protection and Savings in Great Future.So we are all take his New Jeevan Anand Policy with full security in Your Life.

    Reply

  38. kya new jeevan anand policy ke bond me niche ka date rahna jaruri hei.
    jo date stamp date jaisa rahta hei.
    pls reaply.

    Reply

  39. jo date stamp date jaisa rahta hei.
    end page me,branch manager ke signature ke oposit me jo rahta hei.
    left side me end of page.
    pls Rp[y.

    Reply

  40. I have 11 policies & dey will be matured consequently after 25 years,26 years……..35 years & the maximum premium of policy is 2349 then 2248,2156……..
    My age is 29 years…
    What amount i will get after 25 years
    26 years………35 years…

    Reply

  41. Mere ko aesa policy chahiye jinda bhi risk cover mile,,,& marneke bad bhi jyada risk cover mile aesa policy chahiye.

    Reply

  43. HELLO SIR MY NAME IS SHILPA CP I WAS PURCHASED ON 2015-5-12, LIC NEW JEEVAN ANAND LIFE POLICY 815, I REQUIRED FULL DETAILS OF 500000 HALF YEAR PREMIUM AMOUNT MY 27 YEARS

    Reply

  44. After maturity what will be happen for rest of the life of candidate? what kind of life long insurance coverage benefits LIC india will give hime for rest of the life? It will be cash payment or any other thing?

    Reply

  45. Hi, This is Deena from Chennai. Any one want poicy details / planning to take policy in around Tamil Nadu please / Send sms / whats up 9944273217. / call 9884946099

    Reply

  50. Hi, This is Virendra Rathore from Jaipur. Any one want poicy details / planning to take policy in around Rajasthan/Haryana states, please call 8094002717

    Reply

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