LIC’s New Jeevan Anand offers an intelligent blend of life insurance protection and disciplined savings. By paying premiums over a specified term, you safeguard your family against unexpected loss and build a financial corpus that matures at your goal horizon — making it appropriate for medium-to-long-term objectives like children’s education, marriage or legacy planning.
You choose your policy term (commonly 15 to 35 years) and pay premiums accordingly. If the life assured dies during the term, the nominee receives the death benefit. If the life assured survives till maturity, you receive the maturity benefit — a lump sum comprising your sum assured plus any bonuses declared — helping you meet your future goal with financial stability.
• Life Cover + Savings: Ensures your family is protected during the policy term while you build savings for the future.
• Flexible Term & Premium Options: Choose a term aligned with your goal horizon and premium payment frequency (yearly, half-yearly, quarterly or monthly via NACH) as per your budget.
• No Upper Limit on Sum Assured: You can select a higher cover amount to suit your requirements and goals.
• Participating Plan: Eligible for reversionary bonuses and final additional bonus (when declared) — making it more rewarding over the long term.
• Young professionals and working adults seeking sizeable protection alongside savings.
• Individuals who want a disciplined savings plan with retirement or milestone goals in mind.
• Those who prefer predictable outcomes rather than market-linked volatility and want both cover and maturity payout.
• Confirm that your premium term aligns with your goal horizon — shorter term means higher premium.
• Ensure the sum assured is adequate relative to your target amount and inflation expectations.
• Understand how bonus declarations affect your final payout — while past bonuses help estimate, they are not guaranteed.
• Review surrender and paid-up provisions — exit from the plan before term may reduce benefits significantly.
LIC New Jeevan Anand (Plan No. 715) is a strong all-round option for protection and savings under one roof.
If you pick the right term, pay premiums consistently and select a suitable sum assured, you’ll build a future-ready financial framework while protecting your loved ones.
Start early, stay invested and reach your financial goals with confidence.