LIC’s New Jeevan Anand Plan (Plan No. 815)

LIC’s New Plan New Jeevan Anand (Table No. 815) implemented.

INTRODUCTION: It has been decided to introduce LIC’s New Jeevan Anand Plan (Plan No. 815) with

effect from 8th January, 2014. The Unique Identification Number (UIN) for LIC’s New Endowment Plan is

512N279V01. This number has to be quoted in all relevant documents furnished to the Policyholders

and other users (public, distribution channels).This is a non linked with profits limited premium

payment plan.

BENEFITS:

The benefits payable under an inforce policy are as under:

c) Benefits payable on death:

On death of the Life Assured during the policy term the Death Benefit, defined as sum of “Sum

Assured on Death”, 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 annualized premium. This Death Benefit (as defined above) shall not be less than 105% of total

premiums paid as on date of death. The premiums mentioned above exclude taxes, extra premium and

rider premiums, if any.

d) Maturity Benefit:

On the survival to the end of the policy term,Basic Sum Assured along with vested Reversionary

Bonuses and Final Addition Bonus if any shall be payable.

d) Participation in Profits:

Depending upon the Corporation’s experience the policies shall participate in the profits and shall be

eligible for simple reversionary bonus at such rate and on such terms as may be declared by the

Corporation. Final Additional Bonus may also be declared under the policy which will be payable on the

expiry of the policy term or on earlier death provided the policy has run for certain minimum term.

OPTIONAL BENEFIT:

This plan provides the following optional rider by payment of additional premium:

LIC’s Accidental Death and Disability Benefit Rider UIN (512N279V01): LIC’s Accidental Death and

Disability Benefit Rider is available as an optional rider by payment of additional premium during the

term of the policy. If there be more policies than one and if the total Accident Benefit exceeds Rs.50

lakhs, the benefits shall apply to the first Rs. 50 lakhs Sum Assured in order of date of policies issued.

If this benefit is opted for, an additional amount equal to the Accident Benefit Sum Assured is payable

on death due to accident, provided the rider is in force at the time of accident.

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ELIGIBILITY CONDITIONS AND RESTRICTIONS:

For Basic Plan:

1) Minimum Age at entry for Life Assured : 18 years (completed)

2) Maximum Age at entry for Life Assured : 50 years (nearest birthday)

3) Policy Term : 15 years

3) Premium Paying Term : 35 years

4) Minimum Basic Sum Assured : Rs. 1,00,000/-

5) Maximum Basic Sum Assured : No Limit

6) Maximum Maturity Age for Life Assured : 75 years (nearest birthday)

The Basic Sum Assured shall be in multiples of Rs. 5000/-.

For Accident and Disability Benefit Rider:

1)Minimum Entry Age : 18 years (completed)

2)Maximum Entry Age : the cover can be opted for at any policy

anniversary during the premium paying term

1. Maximum Cover ceasing Age : 70 years nearest birthday.

3)Minimum Accident Benefit Sum Assured : Rs. 1,00,000/-

Maximum Accident Benefit Sum Assured: An amount equal to the Basic Sum Assured subject to the

maximum of Rs.50 lakh overall limit taking all existing policies of the Life Assured under individual as

well as group policies including policies within built accident benefit taken with Life Insurance

Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration.

The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000/-.

MODE OF PREMIUM PAYMENT:

The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (ECS or

through salary deductions).

Three new EXPRESS COMBOS Implemented:-

Income Shower

Income Shower is a retirement solution for single premium deferred annuity requirement. In this you

pay a single premium and after 15 years get annual income for next 20 years

Secure Life

An ideal deferred retirement solution which not only provides pension for life on retirement but also

provides you a high cover for whole life starting from day 1 of the policy.

Bhagya Uday

A unique family protection and wealth creation solution where you pay premiums for 20 years and get

multiples of annual premiums every years for next 20 years

For More Information Please Call:- Giribabu, 09885126368, 9246826368.