New Jeevan Anand
( Plan No: 915)
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Plan presentation customised for...
Mr. shri
Age: 30
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Sum Assured : 500000 AD and DB Rider Cover : 500000 #1
Term : 25 years.
Premium payment : 25 years.
LIC's New Jeevan Anand is a specialised package insurance product intended to
meet the future financial needs irrespective of the uncertainties of the life, with
additional benefit of life long insurance coverage equal to the sum assured.
The plan offers insurance coverage of Rs.5,00,000 and accident death and
disability benefit of Rs. 5,00,000. In case of a permanent disability due to accident,
disability benefit of Rs. 4167 shall be paid per month, till the end of the term or ten
years(whichever is earlier).
The plan also offers a tax benefit of Rs.7,046 per annum on the premium paid. The
maturity/survival benefit shall be taxfree u/s 10(10D) of income tax act.
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#1 Accidental Death and Disability Benefit rider
How the plan works...
Mr. shri pays an annual premium of Rs.23154 for 25 years.
Maturity amount (SA+Bonus+FAB) is paid at the end of the policy term
of 25 years.
Expected Maturity amount as per the current bonus rates comes to
around Rs. 1300000.
Life Long Insurance coverage equal to Rs. 500000 shall be available
even after the premium paying term of the policy.
Loan and surrender facility is available after two years and at least two
full-year premium payment.
Income tax rebate available on premium u/s 80C and the
maturity/survival benefit shall be tax free under section 10(10D)
Benefit Pattern Illustration
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(625000 to 1425000)
Rs.1300000
Rs.22656
Age: 30 Age: 55 Age: 100
500000(up to age 100)
Total Premium Total Tax Saved
Paid Returns
566898 1800000 176150
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Maturitiy Benefit
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Benefits Amount
Sum Assured 500000
Bonus* (23000 X 25) 575000
Final Addition Bonus* (450 per 1000 SA) 225000
Expected Maturity Amount 1300000
(After 25 years)
Life long coverage 500000
(up to 100 years of age)
Total Benefit Payable 1800000
Total Premium Paid 566898
*Bonus rates and Final Addition Bonus(FAB) rates as per the latest declared rates.
Benefit and Coverage Table
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Age Yearly Normal Accident Loan Total
Premium Coverage Coverage Returns
30 23154 648000 1148000 0 0
31 22656 671000 1171000 0 0
32 22656 694000 1194000 21420 0
33 22656 717000 1217000 30696 0
34 22656 740000 1240000 41234 0
35 22656 763000 1263000 53196 0
36 22656 786000 1286000 66722 0
37 22656 809000 1309000 81981 0
38 22656 832000 1332000 99160 0
39 22656 855000 1355000 118460 0
40 22656 878000 1378000 140139 0
41 22656 901000 1401000 164490 0
42 22656 924000 1424000 191681 0
43 22656 947000 1447000 222029 0
44 22656 980000 1480000 255942 0
45 22656 1005500 1505500 293686 0
46 22656 1031000 1531000 330594 0
47 22656 1056500 1556500 371984 0
48 22656 1087000 1587000 418752 0
49 22656 1120000 1620000 471753 0
50 22656 1158000 1658000 532236 0
51 22656 1206000 1706000 606111 0
52 22656 1279000 1779000 689025 0
53 22656 1352000 1852000 905899 0
54 22656 1425000 1925000 1017049 0
55 0 500000 500000 123479 1300000
56 0 500000 500000 129465 0
57 0 500000 500000 135630 0
58 0 500000 500000 141885 0
59 0 500000 500000 148275 0
60 0 500000 500000 154800 0
61 0 500000 500000 161415 0
62 0 500000 500000 168120 0
63 0 500000 500000 174959 0
64 0 500000 500000 181800 0
65 0 500000 500000 188730 0
66 0 500000 500000 195705 0
67 0 500000 500000 202725 0
68 0 500000 500000 209790 0
69 0 500000 500000 216810 0
70 0 500000 500000 223830 0
Age Yearly Normal Accident Loan Total
Premium Coverage Coverage Returns
71 0 500000 500000 230850 0
72 0 500000 500000 237824 0
73 0 500000 500000 244755 0
74 0 500000 500000 251640 0
75 0 500000 500000 258435 0
76 0 500000 500000 265139 0
77 0 500000 500000 271710 0
78 0 500000 500000 278190 0
79 0 500000 500000 284579 0
80 0 500000 500000 290790 0
81 0 500000 500000 296910 0
82 0 500000 500000 302850 0
83 0 500000 500000 308610 0
84 0 500000 500000 314235 0
85 0 500000 500000 319680 0
86 0 500000 500000 324945 0
87 0 500000 500000 330075 0
88 0 500000 500000 334980 0
89 0 500000 500000 339750 0
90 0 500000 500000 344340 0
91 0 500000 500000 348929 0
92 0 500000 500000 353340 0
93 0 500000 500000 357840 0
94 0 500000 500000 362295 0
95 0 500000 500000 366885 0
96 0 500000 500000 372735 0
97 0 500000 500000 377865 0
98 0 500000 500000 387585 0
99 0 500000 500000 397080 0
100 0 500000 500000 418950 0
Total Premium 566898 Total Returns 1800000
Premium Chart
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First Year Premium Subsequent Year Premiums
Mode Basic GST @ Total Mode Basic GST @ Total
Premium 4.5% Premium Premium 2.25% Premium
Yearly 22157 997 23154 Yearly 22157 499 22656
Half 11196 504 11700 Half 11196 252 11448
Yearly Yearly
Quarterly 5656 255 5911 Quarterly 5656 127 5783
Monthly 1885 85 1970 Monthly 1885 42 1927
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Premium shown in the app is indicative and not exact. Actual premium can vary according to underwriting rules applicable. Maturity
calculations shown for the plan are based on the latest declared bonus and loyalty addition rates and can vary in the future based
on the actual experiences of the corporation. For more details on risk factors, terms and conditions please read the sales brochure
carefully before concluding a sale.
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Plan presentation prepared by:
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Mahesh Gaud
Development officer
66 Narayan bag indore , Rambag
E-Mail : [email protected]
Mobile : 9893352390
