LIC New Jeevan Anand 915

By | February 3, 2020


LIC New Jeevan Anand Plan 915 full Details, features and benefits.

LIC New Jeevan Anand 915

LIC New Jeevan Anand 915

LIC of India launched a new plan on 1st february 2020, which name is LIC New Jeevan Anand Plan 915 (LIC Table No 915)  is whole life plan with Guaranteed Returns and Protections because it is not market based plan. LIC New Jeevan Anand 915 is an endowment and whole life policy along with Bonus facility. “LIC New Jeevan Anand 915″ is a Double Death Benefit Plan, if the life insured survives till the end of the policy term. LIC New Jeevan Anand policy has average premium, high bonus rate and great features. One of the main whole life features is that the nominees get the sum assured when the policyholder dies. With this feature you will get the money twice.

LIC new jeevan anand plan 915 circulardownload pdf

Key Features of new jeevan anand 915

LIC New Jeevan Anand 915 is combination of Endowment and term insurance policy i.e. Double Benefit Endowment plan, if person lives till end of  Term of the policy will be given Maturity Benefit and Risk Cover will continue till 100 years or death whichever is earlier. Death Benefit amount paid to Nominee.

Accident Benefit rider is not inbuilt in this plan. You can opt for Accident Benefit Rider and Critical Illness Rider by paying small Amount of Premium.

This is a High Bonus and High liquidity and whole life plan.

Read alsoLIC launched new plan list in 2020

Plan Parameters of new jeevan anand 915

AGE

Min. age :  18 years

Max. age:  50 years

Policy Term

Min. Term  :15 years

Max. Term : 35 years

Sum Assured

Min SUM ASSURED: Rs. 1,00,000/-

Max. SUM ASSURED: No Limit

Premium Paying Mode

Monthly (SSS, ECS), Quarterly, Half yearly, Yearly

Read alsoLIC new endowment plan 914

LIC Jeevan Anand Plan 915 Rebates

This plan provides discounts. Detailed Information about rebates is mention below.

Mode Rebate

              Yearly              – 2% on tabular premium

              Half yearly     – 1% on tabular Premium

Sum Assured Rebate

Sum Assured Rebate
From Rs. 1,00,000/- to Rs. 2,00,000/- NIL
From Rs. 2,00,000/- to Rs. 4,95,000/- For every  1,000 Rs./- Sum Assured  1.50 Rs/- rebate
From Rs. 5,00,000/- to Rs. 9,95,000/- For every  1,000 Rs./- Sum Assured  2.50 Rs/- rebate
From Rs. 10,00,000/- and above For every  1,000 Rs./- Sum Assured  3.00 Rs/- rebate

Maturity and Death Benefits

Maturity benefits and Death benefits are provided under LIC New Jeevan Anand plan 915.

Maturity Benefit

Sum Assured + Simple Reversionary Bonus + final additional bonus if any

Death Benefit

If the Insured person dies within the Policy Term then Nominee  of the Policy will be given  Death Benefit Sum Assured on Death + Simple Reversionary Bonus + final additional bonus if any

Sum Assured on Death means 125% of Basic sum assured (1.25 x BSA) or 7 times Annual Premium (10 x AP) whichever is higher that amount will be paid to nominee.  Death benefit paid should not be less than 105% of total premiums paid upto the date of death.

How Does LIC’s New Jeevan Anand Plan 915 work?

How does LIC's New Jeevan Anand Plan 815 work?

LIC New Jeevan Anand plan 915 with an Example

An example of Ravi who is purchasing this Plan with following details.

Sum Assured: Rs.10,00,000
Policy Term: 21 Years
Policy Purchase Year: 2020
Age: 25 Years
Yearly Premium: Rs. 54086

Maturity Details

If policy holder survives the policy term ( i.e. 21 years ), Maturity will be as under.

Maturity Year Age at Maturity Maturity Amount(approx)
2041 46 21,50,000

After Normal Risk Cover continues even after maturity. Following table provides details of year-wise risk cover.

Year Age Normal Life Cover For Life Time
2041+ 46+ 10,00,000

Year-wise Death Claims

If death happens during the policy term Before 21 years, 125% of Sum Assured + Bonus + Final Addition Bonus will paid to the nominee and it is indicated as Normal Life Cover. In case of accidental death, additional amount equal to sum assured is also payable to  the nominee; the calculation is indicated as Accidental Life Cover. Calculation of year-wise and age-wise death benefit according to accumulated bonus and Final Addition Bonus is illustrated below.

Year Age Risk Cover Normal Risk Cover Accidental Premium Tax Saved Net Premium Amount Received
2020 25 1300000 2300000 54086 15658 38428 0
2021 26 1350000 2350000 53140 15658 37482 0
2022 27 1400000 2400000 53140 15658 37482 0
2023 28 1450000 2450000 53140 15658 37482 0
2024 29 1500000 2500000 53140 15658 37482 0
2025 30 1550000 2550000 53140 15658 37482 0
2026 31 1600000 2600000 53140 15658 37482 0
2027 32 1650000 2650000 53140 15658 37482 0
2028 33 1700000 2700000 53140 15658 37482 0
2029 34 1750000 2750000 53140 15658 37482 0
2030 35 1800000 2800000 53140 15658 37482 0
2031 36 1850000 2850000 53140 15658 37482 0
2032 37 1900000 2900000 53140 15658 37482 0
2033 38 1950000 2950000 53140 15658 37482 0
2034 39 2020000 3020000 53140 15658 37482 0
2035 40 2075000 3075000 53140 15658 37482 0
2036 41 2130000 3130000 53140 15658 37482 0
2037 42 2185000 3185000 53140 15658 37482 0
2038 43 2250000 3250000 53140 15658 37482 0
2039 44 2320000 3320000 53140 15658 37482 0
2040 45 2400000 3400000 53140 15658 37482 0
2041 46 1000000 1000000 0 0 0 2150000
2042 47 1000000 1000000 0 0 0 0
2043 48 1000000 1000000 0 0 0 0
2044 49 1000000 1000000 0 0 0 0
2045 50 1000000 1000000 0 0 0 0
2046 51 1000000 1000000 0 0 0 0
2047 52 1000000 1000000 0 0 0 0
2095 100 1000000 1000000 0 0 0

1000000

PAID TO NOMINEE

LIC new Jeevan Anand Policy 915 Additional Information

Risk Coverage: End of the Policy Term.

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.

Locking period: 2 years.

Loan Facility: Available after 2 years.

Income Tax Benefit – Income Tax Benefits available on Paid Life Insurance Premium U/Sec 80C and Maturity Benefit will also be tax free under section 10(10)D.

Riders available: Rider Benefits are available .

Policy Revival: Policy can be revived before 5 years from date of FUP.

Suicide Clause: If insured commit suicide before 12 months he will be returned back 80% of premium what he paid.

Proposal Forms : Proposal Form no. 300 or 340 will be used under this plan.

Cooling-off Period: If a policyholder is not satisfied with the Terms and Conditions of the policy, he/she may return the policy within 15 days from the date of receipt of the policy.

Backdating interest: The policies can be dated back within the same financial year.

Assignments/Nominations: assignment and nominations is possible under this plan.

Services that I offer

  • New LIC Policy Quotes and Completion
  • Complete guidance
  • Doorstep Premium Collection Service
  • Personalized Policy Recommendations
  • Renewal / Revival of Lapsed Policies
  • Human Life Value Calculation
  • Lifetime Service

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I hope “LIC New Jeevan Anand 915” के बारे में ये जानकारी अच्छी लगी होगी, अगर हाँ तो इसे अपने सभी Friends के साथ Social media पर Share जरुर करें ताकी आपकी मदद से दुसरे लोग भी इस योजना की जानकारी को पढ़ सकें, और वो इसका लाभ ले सके, कोई ऐसी जानकारी रह गयी हो और आप जानना चाहते हो तो आपके सुझाव व प्रस्ताव स्वीकार्य हैं और नीचे दिए गए comment box में टिप्पणी भी अवश्य दें! धन्यवाद…..

अधिक जानकारी के लिए कृपया संपर्क करें:

बास्पा नंद पंचोली
संपर्क सूत्र-: 9891009400
Email-basupancholi@gmail.com
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