LIC's New Jeevan Anand
"Zindagi ke saath bhi, zindagi ke baad bhi."
LIC's New Jeevan Anand is a participating, non-linked, individual life insurance plan which offers an attractive combination of protection and savings. This unique plan provides financial protection against death throughout the lifetime of the policyholder, along with the provision of a lump sum payment at the end of the selected policy term in case of survival.
Key Features
- ✓Dual Benefit: Provides maturity benefit at the end of the term, plus continuous life cover thereafter.
- ✓Profits: Eligible for Simple Reversionary Bonuses and Final Additional Bonus.
- ✓Loan Facility: Available after 2 full years of premiums are paid.
- ✓Riders Available: Accidental Death and Disability, Term Rider, Critical Illness.
Eligibility Criteria
Plan Benefits
Death Benefit
Before Maturity: 125% of Basic Sum Assured + vested bonuses. After Maturity: 100% of Basic Sum Assured.
Survival Benefit
N/A (No regular payouts during the term).
Maturity Benefit
Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (if any).
Real-World Example
How it Works
Mr. Sharma pays roughly ₹ 27,850 annually for 21 years. At age 56, he receives a lump sum maturity amount of approximately ₹ 10,25,000 (Sum Assured + Bonuses). Even after taking this money, his life continues to be insured for ₹ 5,00,000 completely free of cost until he passes away, at which point his family receives that ₹ 5 Lakhs.