LIC New Jeevan Anand Plan (915) Premium Calculator

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About Jeevan Anand Plan (915) Return Calculator
Age 18-50 Years
Policy Term 15-35 Years
Maximum Age At Maturity 75 Years
Maturity Amount After Completion of Policy Term Basic Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) during Policy Term + Final Additional Bonus (FAB)
Post Maturity Life Cover Basic Sum Assured (After Maturity, whenever death happens, nominee gets Basic Sum Assured.)
Death Claim Amount During Policy Term Death Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) till the time of Death + Final Additional Bonus (FAB) + Term Rider Sum Assured (if Opted).
Additional Accidental Rider Sum Assured in case of Accidental Death (if opted)
Death Sum Assured 125% of Basic Sum Assured or 7 times of Annualised Premium, whichever is higher.
Available Riders Accidental and Disability Benefit Rider, Term Assurance Rider, Accidental Benefit Rider
Surrender and Loan Available if, all premiums of First 2 Years are paid.
Tax Benefit Get tax benefits on premiums and claims (Maturity and Death) under Sections 80C and 10(10D) of the Income Tax Act, 1961.

About Jeevan Anand

LIC New Jeevan Anand Plan (915) is a popular life insurance policy offered by the Life Insurance Corporation of India (LIC). Some key features are:

  • Non-linked Plan with features of Endowment and Whole Life Insurance
  • It ensures maturity benefits if insured survives term; includes Sum Assured and Bonuses
  • Upon policyholder's death, benefits include Sum Assured and Accrued Bonuses
  • Fixed term; coverage extends for insured's lifetime post-term
  • Policyholder can borrow Loan against policy's surrender value
  • Extra coverage options include Accidental Death and Disability benefit rider
  • Suicide within 12 months voids policy claim, but 80% premiums refunded if policy is active