- LIC‚Äôs New Jeevan Anand plan is a combination of protection, savings & Insurance Cover for lifetime.
- This plan offers the Guaranteed risk coverage of 125% of basic sum assured from Day 1 and the risk coverage enhances every year as LIC declares the yearly bonus
- The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured.
- In this plan, LIC offer the life cover up to the age of 100 years.
- This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
- This plan also has the option of taking the Maturity proceeds in instalments as the policy-holder can choose the no of year as 5, 10 or 15.
- In a similar way, the policyholder also has the option of choosing the death benefit in instalments.
- LIC also offer the discount in the premium in case the mode of payment is Yearly.
- The loan is also available to the policyholder after the completion of 2 years of the policy
- Settlement option avilable on Maturity and Death in Installments of 5,10 or 15 Years
How Does This Policy Work
|Premium Payment Term
||Same as Policy Term
|Basic Sum Assured
||Rs. 1 Lac
|Maximum Maturity Age
||75 Years (Near Birthday)
||LICís NEW CRITICAL ILLNESS BENEFIT RIDER(CIR)
||LIC's NEW TERM ASSURANCE RIDER (TR)
||LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER
||LlC's ACCIDENT BENEFIT RIDER