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 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.

Also Read this : Invest 10K per month & Get Rs 1 Cr returns


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

AGEMin. age :  18 years Max. age:  50 years
Policy TermMin. Term  :15 years Max. Term : 35 years
Sum AssuredMin. Sum Assured: Rs. 1,00,000/ Max. Sum Assured: No Limit
Premium Paying ModeMonthly (SSS, ECS), Quarterly, Half yearly, Yearly
Parameters of new jeevan anand 915

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 AssuredRebate
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 aboveFor every  1,000 Rs./- Sum Assured  3.00 Rs/- rebate

Read alsoLIC new endowment plan 914

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 AssuredRs.10,00,000
Policy Term21 Years
Policy Purchase Year2020
Age25 Years
Yearly PremiumRs. 54086 / 53140
LIC New Jeevan Anand plan 915 with an Example

Maturity Details

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

Maturity YearAge at MaturityMaturity Amount(approx)

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

YearAgeNormal Life Cover For Life Time

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.

AgeRisk Cover NormalRisk Cover AccidentalPremium


46100000010000000 2150000



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LIC new Jeevan Anand Policy 915 Additional Information

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.

Risk Coverage: End of the Policy Term.

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 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.


Also Read this : Invest 10K per month & Get Rs 1 Cr returns

Services that I offer

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अधिक जानकारी के लिए कृपया संपर्क करें:

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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…..

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