New Jeevan Anand (Plan No:815) Details

New Jeevan Anand (Table No: 815) is one of the most sold endowment plans of LIC, which provides Risk Cover even after maturity for life time. Accidental Death and Disability Benefit Rider makes this plan more beneficial as it provides additional amount eqaul to basic sum assured in case of death. This article gives comprehensive deatails of policy and various benefits associated with New Jeevan Anand Plan with help of example.

Plan Parameters

Age of Entry 18 to 50 years
Calculate your Age
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly (ECS Only)
Calculate Premium
Policy Term 15 to 35 Years
Basic Sum Assured 100000 and above ( in multiple of 5000)
Policy Revival within 2 year
Premium Mode Rebate 2% on yearly, 1% on Half Yearly, Nil on Quarterly
Loan After 3 years
Surrender After 3 years of full premium payment [ Surrender Value Calculator]

Jeevan Anand (815) Policy with Example

To Illustrate the benefits of New Jeevan Anand, Lets take an example of a person who is purchasing New Jeevan Anand Plan with following details.

Sum Assured (Rs.)5,00,000
Age (Years)25
Policy Term(Years)25
Purchase Year2017
Yearly Premium (Rs.)21,472
Total Paid Premium (Approx)(Rs.)5,36,800

(To know premium and benefits as per your details, please use Premium Calculator and Maturity Calculator for this plan.)

After taking policy as above details, there are two possible cases are, either policy holder survives 25 years policy term or death happens before 25 years.

Case:1 (Maturity Details)

If policy holder survives the policy term (25 years), Maturity will be as under.

Maturity Year2042
Age at Maturity50
Sum Assured (A)500000
Bonus (Approx) (B)837500
Total Maturity (A+B)1337500

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

Year Age Normal Life Cover
2042+ 50+ 500000

Case:2 (Death Claim Details)

If death happens during the policy term ( Before 25 years ), 125% of Sum Assured + Bonus + Final Addition Bonus(FAB) is paid to nominee and it is indicated as Normal Life Cover. In case of accidental death, additional amount equal to sum assured is also added death claim amount, the calculation is indicated as Accidental Life Cover. Calculation of year-wise and age-wise death benefits according to accumulated bonus and FAB is illustrated below.

Year Age Premium Deposited Normal Life Cover (Approx) Accidental Life Cover (Approx) Return
2017 25 21,472 6,25,000 11,25,000 --
2018 26 42,944 6,55,625 11,55,625 --
2019 27 64,416 6,86,250 11,86,250 --
2020 28 85,888 7,16,875 12,16,875 --
2021 29 1,07,360 7,47,500 12,47,500 --
2022 30 1,28,832 7,78,125 12,78,125 --
2023 31 1,50,304 8,08,750 13,08,750 --
2024 32 1,71,776 8,39,375 13,39,375 --
2025 33 1,93,248 8,70,000 13,70,000 --
2026 34 2,14,720 9,00,625 14,00,625 --
2027 35 2,36,192 9,31,250 14,31,250 --
2028 36 2,57,664 9,61,875 14,61,875 --
2029 37 2,79,136 9,92,500 14,92,500 --
2030 38 3,00,608 10,23,125 15,23,125 --
2031 39 3,22,080 10,53,750 15,53,750 --
2032 40 3,43,552 11,03,125 16,03,125 --
2033 41 3,65,024 11,36,875 16,36,875 --
2034 42 3,86,496 11,73,750 16,73,750 --
2035 43 4,07,968 12,10,625 17,10,625 --
2036 44 4,29,440 12,63,125 17,63,125 --
2037 45 4,50,912 13,00,000 18,00,000 --
2038 46 4,72,384 13,61,875 18,61,875 --
2039 47 4,93,856 14,36,250 19,36,250 --
2040 48 5,15,328 15,16,875 20,16,875 --
2041 49 5,36,800 15,78,750 20,78,750 --
2042 50 -- -- -- 13,37,500

Above example has been prepared for illustration purpose. The Bonus rate has been taken as Rs. 49 per thousand of sum assured which is as per last declared and FAB rate as Rs. 450 per thousand of sum assured. for More details, please refer to LIC Website and in case of any query please write your comment below.

Comments & Reviews (243)

Wrote :

19-10-2018 05:58:39

Can a NRI or an Overseas Citizen of India (OCI card holder) can have this insurance?

Wrote :

20-10-2018 08:33:02

Yes, NRIs and OCIs are eligible for this plan.

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Wrote :

14-10-2018 23:25:23

When will LIC Jeevan Anand policy be available online platform ?

Wrote :

15-10-2018 13:31:46

We do not have any information about it as yet.

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Wrote :

09-10-2018 23:24:51

What is different of term rider and DAB????

Wrote :

12-10-2018 00:13:51

Term rider is explained below and DAB is Disability and accidental death benefit (DAB). The DAB provides extra benefit in case of accidental disability or accidental death.
In case of accidental disability, it provides sum assured in Equal monthly installment spread over 10 years.
In case death due to an accident (within 180days of accident), extra amount equal to sum assured is given along with death claim of the base plans.

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Wrote :

07-10-2018 21:41:01

What is term rider in policy??

Wrote :

07-10-2018 22:18:35

Term rider Provides additional benefit which can be taken along with basic plans like Jeevan Anand, Jeevan Labh etc. Term rider provides additional death claim amount equal to rider sum assured (Generally equal to basic sum assured of base plan) in case of death during policy term.
For example, if there is a Jeevan Anand policy with 10,00,000 basic sum assured along with term rider and death happens after 1 year, then death claim of basic plan will be 12,50,000 + Bonus, but since rider has been taken, so death claim amount will be 22,50,000 + Bonus.
Please note, Term rider does not provides any benefits if policy holder survives policy term.

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Wrote :

06-10-2018 00:41:47

Is jeevan labh has risk cover after maturity??

Wrote :

06-10-2018 00:50:20

Jeevan Labh does not have life coverage after maturity. Jeevan Anand has this feature.

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Wrote :

01-10-2018 14:26:23

Does this policy cover operation charges also. If someone has to undergo gall stones operation will it cover?

Wrote :

02-10-2018 15:41:22

No, it does not provide any medical cover.

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Wrote :

23-09-2018 09:56:00

If a person dies after paying 1 yearly premium then he will receive 125000 for 1 lac policy. Please confirm whether any bonus for 1 year is payable with death claim or not. Thanks

Wrote :

23-09-2018 10:37:09

Yes, for 100000 sum assured, the death claim will be 125000 + Bonus. Please note, bonus along 125000 will be applicable if policy completes one year.

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Wrote :

21-09-2018 03:45:52

Jeevan anand 815 table after maturity accidental benifit risk cover S A Ka katana risk cover hai

Wrote :

21-09-2018 07:13:32

After maturity, only normal death cover remains, means no extra benefit in case of accidental death.

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Wrote :

17-09-2018 12:17:52

how this plan is purchased online ?

Wrote :

17-09-2018 12:39:10

It is not available for online purchase.

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Wrote :

12-09-2018 13:58:19

IS THEIR ANY OTHER BENEFITS AFTER THE RECEIVED OF MATURITY AMOUNT ON THE COMPLETION OF MATURITY PERIOD IN JEEWAN ANAND 815

Wrote :

12-09-2018 21:56:49

After receiving maturity, you will have life time risk cover equal to basic sum Assured with paying any further premium.

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Wrote :

03-09-2018 16:04:57

I have purchased LIC Jeevan Anand 815 plan for 16 years and I have completed 3 yearly installments so now if I will close my policy so I will get return the 3 installments money back or some amount will be deducted. In the Surrender Value Calculator shows bonus amount and surrender amount, which one we will be getting in hand. if you could provide me detail description, will be appreciated.

Wrote :

03-09-2018 17:37:28

It is the surrender amount that you will get.

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Wrote :

28-08-2018 16:58:22

For this plan New Jeevan Anand (Plan-815) is there any money back plan and which year we are eligible to applicable for loan(for example i started 2017).

Wrote :

28-08-2018 22:51:09

New Jeevan Anand is not a money back plan, maturity amount is paid on completion premium paying term. Loan is available after paying First 3 years' premium.
Go to: Loan Calculator

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Wrote :

27-08-2018 15:21:02

I have a policy of New jeevan anand (Plan-815), paying a premium of 101364/ Year for 18yrs sum assured is 1600000. what would be my return amount i will be getting at the end of policy.

Wrote :

28-08-2018 22:47:07

Please use this Maturity Calculator to calculate approx benefits yourself.

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Wrote :

17-08-2018 17:21:19

I have policy 815, instalment is half yearly can you please tell me, is there any grace period on given date of instalment.

Wrote :

17-08-2018 18:27:27

There is a grace period of 30 days.

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Wrote :

09-08-2018 17:38:41

why mostly prefer jeevan anand in an endowment plan why not other endowment plans? what is the special feature of this policy

Wrote :

12-08-2018 20:23:13

It's special feature is life time risk cover even after maturity that too without paying any premium.

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Wrote :

31-07-2018 13:48:48

Does a person get 50% of the sum assured as bonus at 60 after completing the policy period

Wrote :

31-07-2018 18:40:45

There is no farmula as 50% of sum Assured for bonus. Bonus is declared per thousand of sum Assured per year and it is keep accumulating during policy term.

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Wrote :

23-07-2018 14:42:12

Can I shift Quarterly premium payment to Half Yearly or Annually payment mode in New Jiwan Anand Policy (Plan 815)? If yes, How?

Wrote :

24-07-2018 14:28:00

Yes, please approach your branch for this.

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Wrote :

12-07-2018 23:01:17

I have purchased lic Jeevan Anand 815 plan for 15 years and I have completed 3 yearly installments so now if I will close my policy so I will get return the 3 installments money back or some amount will be deducted.

Wrote :

14-07-2018 21:18:11

Please find link of surrender value calculator above.

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Wrote :

12-07-2018 21:09:10

what is first intallment table no. 815

Wrote :

14-07-2018 21:13:44

It will depend upon sum assured, age an policy term.

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Wrote :

08-07-2018 08:57:01

Dear sir I have 2 questions for you 1. If nominee die first can i change nominee? 2. If both policy holder and nominee died who will clime the policy for benefits? Please tell me

Wrote :

09-07-2018 02:32:26

  1. Nominee can be changed at any point of time during policy term.
  2. In case of death of both policy holder and nominee, the claim will be credited to legal heirs of the policyholder.

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Wrote :

02-07-2018 13:53:41

I want to change my existing plan of 35 years maturity to 25 years. Policy was purchased in June 2018. What to do ?

Wrote :

03-07-2018 00:24:33

It will be better if you cancel the earlier one and take new one. Please use cooling off option to close the one which is with 35 years term and take new one.

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Wrote :

26-06-2018 20:02:03

Firstly, Thanks for the details I have a doubt... If a policy holder survives and gets all his maturity amount and after some years he/she dies with normal death. In this case how that life cover works?

Wrote :

27-06-2018 22:48:19

Policy holder's nominee will get an amount equal to sum assured as death claim and policy will close.

Wrote :

28-06-2018 05:03:00

Thanks a lot for the details

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Wrote :

23-03-2018 12:57:00

hello sir j have two question for you 1. how i can make correction in nominee name 2. how i can transfer branch of my lic815 plans is it online possible

Wrote :

25-03-2018 10:41:34

For both, you have to visit your branch.

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Wrote :

20-02-2018 11:03:27

Thanks for the information

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Wrote :

02-12-2017 16:25:20

if after paying 3 premiums person will dies how much nomini will get..?

Wrote :

02-12-2017 20:32:47

125% of sum assured plus bonus for 3 years.

Wrote :

08-02-2018 21:28:33

its nice expalination, cool

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Wrote :

07-11-2017 05:54:41

Sir, in above example ..there is no clarification of accidental risk over amount after getting maturity .. So William plz tell me the aprox amount of accidental risk cover after getting maturity of( 10 lk sum assured for 15years )..?

Wrote :

07-11-2017 12:39:51

After maturity, there is no additional benefit in case of accidental death. So, in case death either normal or accdental, the death claim will be equal to basic sum assured.

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Wrote :

25-10-2017 00:23:22

Please tell me that the total amount which is being paid after maturity is completely tax free or not.

Wrote :

26-10-2017 00:37:13

Yes, it will be tax free.

Wrote :

03-11-2017 17:27:03

Sir better than this plan is our tata AIA's Super income plus regular income plan . Tax free Total payment period is start from 7 years to 21 years .you can choose any period . For good details and for the best financial plan contact me. 7907700378 My number Mhdalfas75@gmail.com My email . Contact me

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Wrote :

22-09-2017 19:53:49

I took ja 815 policy but in my policy I didn't got any benefit illustration table like above given..why so. ?

Wrote :

22-09-2017 20:44:37

Above illustration is not official and it is just for the purpose understanding. No such illustration is provided at purchase.

Wrote :

22-09-2017 20:53:05

If no such table is provided then how can b someone sure about the accidental claim or maturity value..as in terms and conditions there is only about bonus points and all who will calculate and what is the authenticity that undisclosed figures will not be changed... Somewhere I am feeling like I am trapped

Wrote :

22-09-2017 21:09:34

Bonus is declared every year for that particular FY and keeps accumulating to policy and paid at maturity. In case of death, death sum assured (125% of BSA) + bonus accumulated till death, is paid as death claim. You can see declared bonus rates at official lic website.

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Wrote :

01-09-2017 10:16:16

i want a mediclaim policy, i am one week short of 50 years age, does Jeevan ananad provides good mediclaims

Wrote :

01-09-2017 11:10:11

No, Jeevan anand does not have medical insurance.

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Wrote :

18-08-2017 15:54:34

Hello sir/Madam In this year only i started this new jeevan anand-815 plan but m confusion is what is the maturity amount in can get??? My plan status is like below 15 year plan Premium amount 11062rs (Half yearly) My age 24 year when started Kindly let me know the status of my account Regards Suresh

Wrote :

18-08-2017 20:45:22

You may use maturity calculator available on this site to know approx benefits of this plan.

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