Yes. LIC New Jeevan Anand plan offers a rebate for high-value policies. The premium can be calculated using the LIC Jeevan Anand calculator. Following are the details:
Basic sum assuredRebate (% of sum assured)INR 1, 00,000 to INR 1,90,000NilINR 2, 00,000 to INR 4,95,0001.5%INR 5, 00,000 to INR 9,95,0002.5%10,00,000 and above3.0%