New Jeevan Anand
- This plan offers a guaranteed risk coverage of 125% of the basic sum assured from day one, with the risk coverage increasing every year through LIC’s yearly bonus declarations.
- Customers enjoy tax-free maturity benefits, including the bonus and sum assured.
- The plan provides life cover up to the age of 100 years.
- There is an option to add Accidental Life cover, Disability Benefit, and Critical illness cover to the plan.
- Policyholders can choose to receive the maturity proceeds in installments over 5, 10, or 15 years.
- Similarly, the death benefit can also be received in installments.
- LIC offers premium discounts for yearly payment mode.
- After completing one year of the policy, the policyholder is eligible for a loan.
| Eligibility Criteria | ||
| Minimum | Maximum | |
| Age | 18 Years (Completed) | 50 Years (Near Birthday) |
| Policy Term | 15 Years | 35 Years |
| Premium Payment Term | Same as policy term | |
| Basic Sum Assured | Rs. 1 Lac | No Limit |
| Maximum Maturity Age | 75 Years (Near Birthday) | |