LIC New Jeevan Anand Plan 815 Surrender Value Calculator , Update
Welcome to the LIC New Jeevan Anand Plan 815 Surrender Value Calculator – your free online tool to estimate the approximate surrender value of your LIC New Jeevan Anand policy (Table No: 815). This endowment plan offers lifelong risk cover even after maturity, but if you’re considering surrendering it (after paying at least 3 full years’ premiums), use this calculator to get a quick estimate based on accumulated bonuses and total premiums paid.
Important Note: This is an approximate calculation. Actual surrender value depends on your policy bond’s surrender factors, vested bonuses, and current LIC rates. For precise figures, contact your nearest LIC branch or use the official LIC portal. The plan was withdrawn on 01.02.2020, but existing policies continue.
How Surrender Value is Calculated for LIC New Jeevan Anand 815
The surrender value is the higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV):
- Guaranteed Surrender Value (GSV): 30% of total premiums paid (excluding riders/taxes) after 3 years, increasing to 50% after 5 years, plus GSV of vested bonuses.
- Special Surrender Value (SSV): Discounted value of paid-up sum assured + vested bonuses, based on policy term and premiums paid.
Factors are listed in your policy document. Example: For a policy with ₹10 Lakh Sum Assured, 15-year term, and ₹50,000 annual premium surrendered after 5 years, approximate value might be ₹1.5-2 Lakh (varies by bonuses).
Quick Policy Overview
| Feature | Details |
|---|---|
| Plan Type | Endowment with Whole Life Cover |
| UIN | 512N279V01 |
| Eligibility | Age 18-50 years, Term 15-35 years |
| Premium Paying Term | Same as Policy Term |
| Benefits | Maturity: Sum Assured + Bonuses; Lifelong Cover: Basic Sum Assured on death post-maturity |
| Loan Facility | Up to 90% of surrender value after 3 years |
| Surrender | Allowed after 3 full premiums; Value = GSV or SSV (whichever higher) |
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For more: Official LIC Page | Detailed Guide
Disclaimer: Calculations are illustrative. Consult LIC for official quotes. This page is optimized for “LIC New Jeevan Anand 815 surrender value calculator” searches.