One of the Best Plan of LIC is New Jeevan Anand. A plan that offers cover for whole life even after payment of maturity amount.
One of the Best Plan of LIC is New Jeevan Anand. A plan that offers cover for whole life even after payment of maturity amount.
It is the ideal combination of Endowment and Whole Life Plan. It provides maturity at the end of premium paying term and after maturity, offers you whole life free risk cover without paying any premium thereafter. Policy can be availed with duration of 15 years to 35 years and can be taken any person between the age group of 18 years to 50 years.
It gives a lump sum amount at the end of term, to take care of important milestones in your life like retirement needs, children’s education, and children’s marriage.
In case of unfortunate demise during premium paying term, Sum Assured with Bonuses will be payable. Also after maturity, Sum Assured will be payable on death.
Every year, LIC declares valuation results.
As per valuation result declared by LIC, profit is being shared among all policyholders as bonus.
By paying small extra premium amount, you can secure your life for high insurance protection on natural or accidental death by opting DAB and Term Rider.
Tax benefit on Premium
Tax exemption on Maturity
Tension Free Claim Settlement
| Minimum | Maximum | |
|---|---|---|
| Entry Age | 18 Years Completed | 50 Years Nearest birthday |
| Term | 15 Years | 35 Years |
| PPT | Equal to Term | |
| Maturity age | 75 Years Nearest birthday | |
| Sum Assured | ₹ 1,00,000/- | No Limit |
| Mode of Payment | Yearly, Half Yearly, Quarterly, Monthly, Monthly (ECS) and through salary deductions (SSS) | |
Minimum Sum Assured : ₹ 1,00,000/-
Maximum Sum Assured : ₹ 1,00,00,000/- not exceed to the basic sum assured
Minimum Entry Age : 18 Years completed
Maximum Entry Age : 70 Years nearest birthday
Maximum Maturity Age : 70 Years nearest birthday
Minimum Age At entry : 18 Yrs (Completed)
Maximum Age At entry : 60 Yrs (NBD)
Minimum Sum Assured : ₹ 1,00,000
Maximum Sum assured : ₹ 25,00,000
Maximum Maturity Age : 75 Yrs (NBD)
