LIC’s New Jeevan Anand – Overview

LIC’s New Jeevan Anand is a Participating, Non-Linked Individual Life Savings Plan that combines long-term protection with savings. The plan provides lifetime life cover along with a lump-sum maturity benefit if the policyholder survives the chosen policy term.

Key Features of LIC’s New Jeevan Anand

• Combination of protection and savings
• Life cover throughout the policyholder’s lifetime
• Lump-sum maturity payout on survival
• Flexible choice of policy term and premium payment frequency
• Option to receive benefits in instalments
• Optional riders to enhance protection
• High Sum Assured rebates available
• Loan facility for liquidity needs

Benefits of LIC’s New Jeevan Anand

Death Benefit

• During policy term:
• Sum Assured on Death plus vested Simple Reversionary Bonuses and Final Additional Bonus, if any.
• (Higher of 125% of Basic Sum Assured or 7 times annualised premium; minimum 105% of total premiums paid.)
• After maturity:
• Basic Sum Assured payable.

Maturity Benefit

On survival till maturity, the Basic Sum Assured along with vested bonuses and Final Additional Bonus, if any, is payable.

Policy Details

• Entry Age: 18 – 50 years
• Policy Term: 15 – 35 years
• Maximum Maturity Age: 75 years
• Minimum Sum Assured: ₹2,00,000 (No maximum limit)
• Risk Commencement: Immediate upon acceptance
• Grace Period: 30 days
• Revival: Within 5 years of first unpaid premium
• Free Look Period: 15 days