LIC of India · Life insurance
New Jeevan Anand
Savings with lifelong cover. You receive a maturity amount and stay covered afterwards.
Plan at a glance
Plan typeParticipating, non-linked endowment with lifelong cover
Entry age18 – 50 years
Policy term15 – 35 years
Premium paying termSame as policy term
Minimum sum assured₹2,00,000
Cover after maturityBasic sum assured continues for life
Key benefits
- On death during the term, the higher of 125% of the basic sum assured or 7 times the annual premium is paid, plus bonuses
- At maturity, the basic sum assured plus vested bonuses and any final additional bonus is paid
- Life cover continues after maturity, and the basic sum assured is paid on death
- Bonuses are declared by LIC and are not guaranteed
- A loan is available once the policy has a surrender value
Best suited for
People who want disciplined savings with lifelong cover, accept moderate and predictable returns, and already hold enough term insurance.
Details are as published for this plan and can change. LIC's sales brochure and policy document decide the final terms. Selvakumar will confirm the current terms and give you a personal illustration. Insurance is the subject matter of solicitation.