What new LIC Jeevan Anand Table No 815 offers- Relaunch, Eligibility, FAQs and benefits

LIC New Jeevan Anand is a participating non-linked policy which provides full protection and creates a safety net around the policyholder and his family. Life is unpredictable so as Death so it becomes important for us to secure our family at the time of our absence. This plan offers an appealing package of life insurance and savings. Earlier this plan was known as Jeevan Anand table no 149 the LIC company relaunched this plan as "LIC New Jeevan Anand Table No 815".

Relaunch- What's the difference?

LIC Jeevan Anand re-launched their one of the most popular plan with some more added bonus. 

In the earlier plan, on the death of the insured during the policy term, the nominee of the policy is entitled to receive Sum Assured + Reversionary Bonus. While in case of death of the insured after the policy maturity term, he shall receive only an additional Sum Assured value. In the relaunched edition of the Jeevan Anand insurance plan, the nominee of the policy in case of death of the insured during the policy term, the nominee of the policyholder will receive a death benefit as 'Sum Assured on Death' together with Simple Reversionary Bonuses and Final Additional bonus, if any.

Benefits

Death Benefit

Note: - Sum Assured on Death= Higher than 125% of Basic Sum Assured or would be equal to 10 times of the annualized premium.

On Death during the Policy Term - Sum Assured on Death + Simple Reversionary Bonus + Final Additional Bonus (if any)

On the death of policyholder at any time after policy term - Basic Sum Assured

On the demise of the policyholder at any time after policy tenure - Basic Sum Amount Guaranteed

Maturity Benefit

Basic Sum Assured + Simple Recessionary Bonuses + Final Additional Bonus

Eligibility Criteria for LIC Jeevan Anand

Minimum Age at entry	18 years
Maximum Age at entry	50 years
Minimum sum assured	Rs. 10,00,000
Maximum sum assured	No limit on the maximum basic sum assured
Minimum policy terms	15 years
Maximum policy terms	35 years
Maximum maturity age	75 years

 FAQs 

NRI is eligible to buy LIC New Jeevan Anand Plan?

Yes, NRI can avail New Jeevan Anand plan by Life Insurance Corporation of India. As per Indian laws, any Non-Resident of India is eligible to buy insurance plans from Indian Insurance Companies. 

Can we surrender LIC Jeevan Anand policy?

On surrendering after three policy years, the insurance company will pay a guaranteed surrender value equal to 30% of all premiums paid after deducting the first year's premium.

What is the benefit of Jeevan Anand LIC policy?

LIC Jeevan Anand is a traditional participating whole life endowment plan. The plan provides an option of regular premium payment to the insured. On survival till the end of the plan term, the benefit on maturity is paid to the insurance holder and the plan continues to be in force.