New Endowment Plus Plan No. 835

LIC’s New Endowment Plus plan is a unit linked assurance plan, offering investment-cum-insurance during the term of the policy. This plan is an Endowment Plan no. 835 having unique identification number of 512L301V01. This is unit link assurance plan, which provide insurance + investment. According to level of risk and expected return, four fund options are available, a customer can opt one the four fund types. The deposited premium will be used to buy units from funds types which are mix of Investment in Government, Government Guaranteed Securities & Corporate Debt, Short-term investments such as money market instruments and Investment in Listed Equity Shares. 

Eligibility for LIC New Endowment Plus ULIP

·         Minimum Entry Age: 3 Months

·         Maximum Entry Age: 50 years (nearest birthday)

·         Policy Term: 10 to 20 Years

·         Minimum Premium: 20,000 Rs/-

·         Maximum Premium: No Limit

·         Premium Paying Term: Same as Policy Term

·         Basic Sum Assured: Higher of 10 times Annualized Premium or 105% of the total premiums paid

·         Commencement of Risk –

·         Age at Entry less than 8 years – Date of purchase +2 Years

·         Age at Entry 8 years or more – Immediately

·         Lock in Period - 5 Years

• Death Benefit – An amount equal to the higher of Basic Sum Assured or Policyholder’s Fund Value shall be payable.
• Maturity Benefit – On Life Assured surviving the date of maturity provided the policy is in-force, an amount equal to Policyholder’s Fund Value shall be payable.
• Fund Options – The allocated premiums will be utilized to buy units as per the fund type opted by the Policyholder. LIC is offering four fund types under New Endowment Plus.

New Jeevan Anand Plan No. 815

LIC New Jeevan Anand Plan No. 815 is a combination of whole life policy and endowment. New Jeevan Anand Plan offers insurance cover for entire life of the insured person. It is a pure investment plan with high bonus facility and liquidity facility incorporated and saving. This plan is a double death benefit plan if the life insured survives till the end of the policy term. Jeevan Anand policy is whole life risk coverage even after maturity and full payout at maturity.





New Jeevan Anand Plan No. 815

Jeevan Anand Plan No. 815 Benefits

Maturity Benefit - Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final       Additional Bonus, if Any

Death Benefit - The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death.

Sum Assured on Death shall be Higher of ~125% of Basic Sum Assured (1.25 x BSA) OR 10 times Annual Premium.(10 x AP).

During the policy term – ‘Sum Assured on Death’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any.

Eligibility Conditions and Restrictions

• Age at entry – 18 to 50 years
• Age at Maturity – Maximum 75 Years
• Policy Term – 15 to 35 years
• Premium mode – Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS)
• Basic Sum Assured – 100000 and above ( In multiples of 5000)

Loan – Available after payment of 3 full years premiums.