- LIC’s 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 1 year of the policy
- This is the ideal plan for savings & Retirement Planning
- It provides the guaranteed tax-free Income of 8% of Sum Assured for life time
- It offers the life cover for life time
- The customer gets the tax-free maturity under this plan which includes the bonus also along with Sum Assured
- This plan has an option of choosing the Accidental Life cover, Disability Benefit & Critical illness cover.
- In case of a minor, this plan also has the premium waiver benefit in case of death of the parent.
- The policyholder also has the option of choosing the death benefit in installments
- 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 1 year of the policy