Major changes in new lic plans

Major changes in new plans are given below. *No other change in features, benefits or premiums*:-

1. *Jeevan Umang*
_Premium Waiver Rider allowed_

2. *Jeevan Labh*
(a) _Two additional riders AB rider and PWB rider allowed_
(b) _Settlement option also provided both for maturity and death proceeds_

3. *Jeevan Anand*
(a) _Quantum of policy loan as % of Surrender Value increased for terms beyond 24 years_
(b) _Settlement option also provided both for maturity and death proceeds_

4. *Jeevan Lakshya*
(a) _Additional riders AB and CIR allowed_
(b) _Settlement option also provided both for maturity and death proceeds_

5. *Endowment Plan*
(a) _Two additional riders AB rider and PWB rider allowed_
(b) _Settlement option also provided both for maturity and death proceeds_

6. *Adhaar Shila / Sthambh*
_Settlement option provided both for maturity and death proceeds_

7. *Children MB / J. Tarun*
_Settlement option provided both for maturity and death proceeds_

8. *J. Shiromani / B. Sree*
_change in class-1 extra Prm for CIR_

9. *Money-Back 20yr / 25 yr*
(a) _Additional rider for AB allowed_
(b) _Settlement option also provided both for maturity and death proceeds_
(c) _Max age at entry for ADDB rider increased to 60 years_

10. *Bima Bachat*
(a) _Max entry age restricted to 50 years_
(b) _SA on death 1.25 times SP or BSA_
(c) _ADDB Rider and New Term Assurance rider allowed_
(d) _Settlement option for both maturity and death claims_
(e) _GSV increased to 75% premium in first year from 70%_
(e) _Loan value as %SV increased from 60% to 90%_

11. *SP Endowment*
(a) _Two additional riders ADDB rider and Term Assurance rider allowed_
(b) _Settlement option also provided both for maturity and death proceeds_
(c) _Loan value as % SV increased to 90% for all terms._

In addition to these plan-specific changes, following general changes also are applicable to new plans:-
1. Risk cover upto 7 times annualized premium instead of 10 times
2. Revival period increased to 5 years from 2 years
3. SV / paid-up/ Loan in 2 years
4. SV factors modified
5. Grace period 30 days for yrly, half yrly, qly modes
6. Change in claim relaxation in suicide cases
7. CIS rebate in place of CEIS rebate
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