LIC New Jeevan Anand
A participating, non-linked, individual life assurance savings plan offered by LIC of India.
Overview
LIC New Jeevan Anand is offered by LIC of India as a participating non-linked individual savings life insurance plan, combining life cover with a savings element. Exact benefits, bonus provisions, eligibility limits and premium rates are defined in the official LIC brochure and policy document.
Key features
- Life cover combined with a savings element
- Maturity benefit payable as per the official policy conditions
- Premium and benefit details defined in the official LIC brochure
Eligibility
- Entry age, maturity age, minimum and maximum sum assured and policy term limits are prescribed by LIC in the official brochure
- Eligibility is subject to underwriting and the insurer's current rules
- Speak to the advisor for a personalised eligibility check
Benefits
- Death benefit as defined in the official policy conditions
- Maturity or survival benefit where applicable to this plan type
- Tax treatment depends on prevailing law and individual circumstances — confirm independently
Policy term & premium payment
- Policy term
- As specified in the official LIC brochure
- Premium frequency
- Yearly / Half-yearly / Quarterly / Monthly (as permitted by LIC)
Who may consider this plan
People who want a long-term savings plan with life cover. Suitability depends on your age, income, goals and existing cover.
Important notes
All figures, eligibility limits and benefit details must be confirmed from the official LIC brochure and policy document before purchase.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.