LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c.
Maturity under this plan is free under sec 10(10D).
Basic Sum Assured + Vested Bonus + FAB if any.
During the policy term Sum Assured + Vested Bonus + FAB if any.
Any time after policy term Basic Sum Assured
Policy Term 15 to 35 years
Minimum Basic Sum Assured Rs. 1,00,000/-
Maximum Basic Sum Assured No Limit
Minimum Policy Term 15 years
Maximum Policy Term 35 years
Minimum Entry Age 18 years (completed)
Maximum Entry Age 50 years (nearer birthday)
Maximum Age at Maturity for Life Assured 75 years
Mode of Premium Payment Yearly, Half-yearly, Quarterly & Monthly
Accidental Death & Disability Benefit Rider available on payment of additional premium