Estimate premiums, maturity value, and lifetime cover of LIC’s New Jeevan Anand Plan 715.
(Plan: Par, Non-Linked, Individual Savings; lifetime death cover after maturity.)
Input Details
Minimum: 18 years | Maximum: 50 years
Select Term: 15 to 35 years (capped so Age + Term ≤ 75)
Optional Riders (Max 2; choose only one between AD&DB or AB)
All rider premiums combined ≤ 30% of base premium. Rider SA limits apply.
CHOOSE A PLAN (1st Year Premiums incl. GST)
Mode
Premium (excl. GST)
1st Year (incl. GST 4.5%)
2nd Year+ (incl. GST 2.25%)
Premium includes GST. Present GST rate: 4.5% (1st year); 2.25% (2nd year onward).
CALCULATION DETAILS
During term: “Sum Assured on Death” = higher of 125% of Basic SA or 7× Annualised Premium; but not less than 105% of total premiums paid (excl. taxes/extras/riders).
After maturity (lifetime): Death benefit = Basic Sum Assured. (Unique to Jeevan Anand.)
MATURITY DETAILS (Approx.)
Basic SA
Simple Reversionary Bonus (approx.)
FAB (approx.)
Total Maturity (approx.)
On survival to the end of policy term, Sum Assured on Maturity = Basic SA, plus vested Simple Reversionary Bonus and Final Additional Bonus (FAB) if any.
Plan Benefits for Nominee/Family
During Policy Term (Death before maturity):
After Policy Term (Death after maturity):
Illustrations of bonus/FAB are non-guaranteed and depend on future declarations.
YEAR-WISE POLICY DETAILS ▼
Year
Age
Annual Premium
Cumulative Premium
Normal Life Cover (Approx.)
Accidental Life Cover (Approx.)
Important: Bonuses and FAB are illustrative, non-guaranteed; depend on LIC’s future performance.
Mode rebate and High Sum Assured rebate are applied per brochure rules.
Grace period: 30 days (Y/H/Q), 15 days (Monthly). Policy may lapse if unpaid beyond grace.
Loans available after 1 policy year within surrender value.