LIC's NEW JEEVAN ANAND | PLAN 915

This is a combination of Endowment and Whole life plan. Regular Premiums are payable for selected term only.

Features & Conditions of NEW JEEVAN ANAND PLAN:

Minimum age at entry : 18 years (Last Birth Day)

Maximum age at entry : 50 years (Near Birth Day)

Max. age at maturity : 75 years (Near Birth Day)

Minimum term :  15 years

Maximum term  :  35 years

Minimum S.A. : Rs. 1,00,000/- &  in multiples of Rs. 5,000 thereafter.

Maximum S.A.   : No limit

Available Riders: ADDB/AB Rider, Term Rider & Critical Illness Rider.

Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH) Rebates:

Mode Rebate: Yearly: 2%, Half Yly : 1 %

High Basic S.A. Rebate:

• Upto 1.95 Lakhs : Nil
• 2 Lakhs to 4.95 Lakhs : 1.50 % of Basic SA
• 5 Lakhs to 9.95 Lakhs: 2.50 % of Basic SA
• 10 Lakhs & Above : 3.00 % of Basic SA

DEATH BENEFIT:

During Policy Term (i.e. Premium Paving Term): 1.25 times of  Basic Sum Assured on Death + Vested Bonus + FAB if any.

Death after expiry of Policy Term (i.e. Premium Paving Term): Basic Sum Assured only.

MATURITY BENEFIT: At the end of Policy Term (i.e. Premium Paving Term): Basic Sum Assured + Vested Bonus + FAB if any.

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: Available after payment of premium of 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits.

Proposal Form: 300 or 340

Tax Benefits :

• On Premium : u/s 80C
• Maturity/Death claim : u/s 10(10D)

Underwriting Rules: Without Term & Cl Rider

Actual Sum Assured (ASA) for SUC

For FMR, Special Reports, MHR & TRSA: 1.25 times of Basic S.A

Non -Medical Schemes: All Allowed. Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Major Students: Max TRSA inclusive of all plans Rs. 2 crore. TRSA beyond Rs. 2 crore at CUS only with MM’s recommendation. Standard Age Proof is must.

Sub-Standard Major lives: Up to EMR Class Ten only.

Physically Handicapped lives should be gainfully employed.

Occupation/Residence Extra: 1.25 times of Standard extra. If Occupation Extra is charged CIR/ADDB/AB Rider will not be allowed.

Keyman/Partnership/Employer-Employee: Allowed only under Employer-Employee

NRIs & FNIOs Residence Group:

• Group I & II : Not Allowed.
• Group III & IV : Allowed with extra.
• House Wives: Allowed without extra. : Group IV & V only.
• NMS : Group V only.
• Mail Order : Only NRIs of Group V.

With Term & Cl Rider: Underwriting Rules of Term Rider will be Applicable.