LIC's New Jeevan Anand
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LIC's New Jeevan Anand (Plan No. 915, UIN: 512N279V02) is a non-linked, participating, individual life assurance savings plan that offers a unique combination of protection and savings. This plan provides financial protection against death throughout the lifetime of the policyholder, with the provision of a lump sum payment at the end of the selected policy term in case of survival.
🔑 Key Features
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Plan Type: Non-linked, participating, individual life assurance savings plan.
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Lifelong Coverage: Provides risk cover even after the policy term ends, continuing until the policyholder's demise.
🎯 Eligibility Criteria
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Minimum Entry Age: 18 years (completed).
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Maximum Entry Age: 50 years (nearest birthday).
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Minimum Policy Term: 15 years.
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Maximum Policy Term: 35 years.
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Maximum Maturity Age: 75 years (nearest birthday).
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Minimum Basic Sum Assured: ₹1,00,000.
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Maximum Basic Sum Assured: No upper limit (subject to underwriting).
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Premium Payment Modes: Yearly, Half-yearly, Quarterly, Monthly (through NACH), or salary deductions.
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Loan Facility: Available after payment of premiums for at least two full years.
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Rebates:
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High Sum Assured Rebate: Rebates on premiums for higher sum assured amounts.
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Mode Rebate: Rebate on premiums for annual and half-yearly payment modes.
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