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LIC New Jeevan Anand Plan 815: Features and Benefits

LIC new Jeevan Anand Plan 815 is among the best plans designed and launched by LIC. This is an endowment plan that provides the benefits of saving accounts and whole life insurance to its policyholders. LIC has made new reforms in LIC Jeevan Anand Plan after 2020. It is a new version of the New Jeevan Anand insurance policy.

However, the bank provides maturity benefits, death benefits, and loyalty additions to their policyholders. The prime aim of LIC Jeevan Anand 815 is to support the insured and their family from all uncertain accidents that can cause death. The nominee is the real beneficiary after the death of the insured.

If a person survives till the maturity of the LIC new Jeevan Anand Plan 815, then all the sum is assured along with the other benefits.

In this article, we will talk about the LIC new Jeevan Anand plan 815, its key features, and various benefits.

Read More: LIC Aadhaar Shila Plan

Key Features of LIC New Jeevan Anand Plan 815

If you’re interested in the LIC plan, then you can gain some knowledge with the below given LIC Jeevan Anand Policy details. However, key  features of New Jeevan Anand plan 815

  1. The LIC New Jeevan Anand plan 815 has no maximum limit of sum assured.
  2. The bank provides the reversionary bonus, death benefits, accidental rider benefits, etc., to LIC policyholders.
  3. The company provides the basic sum assured to the insured’s family if the policyholder dies before the plan’s maturity.
  4. The company provides a rebate of 3% to their policyholder if they make a payment above 2,00,000 before time.
  5. The bank provides a cooling-off period of 15 days to its policyholders in case they do not like the policy.
  6. If the policyholder fails to pay off the payment money, they can revive the policy after two years.
  7. If you’re homesick and do not want to visit the bank yourself, you have to make a single click to buy this Plan.
  8. If you want to calculate the value of your Jeevan Anand plan 815, you can do it with the help of the LIC Jeevan Anand 815 calculators.

Read More: LIC Jeevan Tarang Plan 178

Some Benefits of LIC New Jeevan Anand plan 815

LIC Jeevan Anand plan 815 provides various benefits to its policyholders. However, some of the essential benefits of the plan are

1. Death Benefits

The policy providers of the New Jeevan Anand Plan 815 provide the death benefits to the policy holders’ nominees after their death. Along with death benefits, the policyholders are entitled to vested reversionary bonuses. Once the policy matures, the nominee can claim the death benefits right after the insured’s death.

However, if a person survives till the end of the policy, then the policyholder will provide these benefits to the insured only.

2. Maturity Benefits

The policy provider of the LIC new Jeevan Anand plan 815 provides these benefits to the insured after the plan matures. Moreover, when the policy ends, all the sum assured and other benefits are provided to the insured. However, if the insured dies, the policyholder will provide all the maturity benefits to the nominee.

3. Optional Rider Benefits

The policy provider of the LIC, Jeevan Anand 815, also provides optional rider benefits to the policyholders. In the rider benefit of LIC Jeevan Anand 815, the policyholder will get protection from all kinds of accidents that can occur during riding.

Rider benefits are optional, and you can add or remove them from the plan as required. If the policyholder dies before the policy’s maturity, then all the payment money of the Jeevan Anand plan 815 will be provided to the insured’s family. On the other hand, if the policyholder survives, then they can claim these benefits after maturity.

4. Loan and Surrender Benefits

The policy provider of the LIC New Jeevan Anand plan 815 provides the loan benefits to its policyholder. The insured can claim tax benefits if needed. The bank will provide loan benefits after three years of paying off the policy premiums.

However, on the other hand, the policy provisions will also provide surrender benefits. In this benefit, the policyholder will get some premium in return when they want to end the policy term.  

Read More: LIC Aadhaar Stambh Plan

Eligibility Criteria of LIC New Jeevan Anand Plan 815

If you’re about to start your journey through LIC New Jeevan Anand Plan 815, then you should learn some LIC Jeevan Anand Policy details. However, the eligibility criteria for LIC Jeevan Anand 815 are as follows

Criteria Minimum Maximum
Entry age 18 years 50 years
Maturity age 18 years 75 years
Policy term 15 years 35 years
Basic sum assured 1 lakh No limit
Premium payment Yearly, half-yearly, quarterly, or monthly Annually, half-yearly, quarterly, or monthly

Documents Required for LIC New Jeevan Anand Plan 815

The essential documents required for applying for LIC new Jeevan Anand Plan 815 are

  • Complete the filled application form with accurate information.
  • Age proof.
  • Medical history.
  • KYC documents include an Aadhaar card, PAN card, tax details, etc.
  • Medical diagnosis reports as needed

Bonus History

The bonus history of LIC Jeevan Anand Policy details are

Policy Provider Name: LIC Life Insurance Corporation of India

Plan Name: LIC new Jeevan Anand plan 815

Bonus year Revbonus MinPT MaxPT
2014 4.00% 15 –           
2014 4.00% 16 20
2014 4.80% >20
2015 4.10% 15
2015 4.50% 16 20
2015 4.90 % >20

Who should buy LIC’s New Jeevan Anand Plan 815?

LIC  new Jeevan Anand Plan 815 is a great plan that provides a vast range of benefits to its policyholders. This plan is like a protection or support system to protect the insured and the family from uncertain death.

The prime aim of the LIC Jeevan Anand is to launch a plan that provides low-risk investment and pays off good bonuses if you are a policyholder of the LIC  and have been looking for a plan that can satisfy your long-term goals, such as buying a house a trip marriage, child education, etc.

Read More: LIC Arogya Rakshak Plan 906

Conclusion

The LIC Jeevan plan was launched in 2002, and later, in 2013, it was discontinued. However, after almost seven years, LIC new Jeevan Anand Plan 9815 has been established with much better benefits and reforms.

Many people have opted for this plan due to its various features. It provides maturity, death, and optional rider benefits, which are provided to the policyholder if they survive all during the policy term.

However, in case the person dies, all the benefits, along with the sum assured, will be offered to the insured’s family. Above we have already discussed all the important LIC Jeevan Anand Policy details and why you should opt for this plan. It will help you while buying LIC’s new Jeevan Anand plan 815.

LIC New Jeevan Anand Plan 815 – FAQs

How to calculate the maturity value of LIC Jeevan Anand policy?

Ans. Calculating LIC Jeevan Anand’s plan is easy by subtracting the final maturity return calculation at the end of 20 years. However, this is how you can easily calculate it.

What is the difference between Jeevan and 915 and 815?

Ans. The Jeevan Anand 815 and 915 are partially the same. The Jeevan and 815 is the updated version of Jeevan Anand Plan 915. However, specific changes are made in the lens to make it more sustainable for the policyholders of LIC.

What is the bonus rate of LIC’s New Jeevan Anand plan 815?

Ans. The bonus rate of LIC’s new Jeevan Anand plan 815 is wholly based on the policyholder’s age. However, if the policyholder is 6 – 10 years, then the bonus rate is 0.38%, the bonus rate for 11 – 15 years is 0.41%, the bonus rate for 16 – 20 years is 0.45%, the bonus rate for more than 20 years is 0.49%.

Which policy is best for old age?

Ans. The best policy for old age is a list of health insurance policies for senior citizens in India, Aditya Birla Active Care Plan, Star Heath Senior Citizens Red Carpet, Care Health Insurance Senior Citizen Policy, Niva Bupa Senior First Health Policy, and many more.

Is LIC’s new Jeevan Anand plan 815 good?

Ans. Yes, the New Jeevan Anand Plan 815 is an excellent policy as it provides a range of benefits to its policyholders. If you’re looking for a plan that offers excellent returns with an appropriate sum assured ten, yes, this plan is for you. 

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