LIC New Jeevan Anand Policy: Life Insurance Corporation of India has long been regarded as one of the most reliable financial institutions in the country. For decades, it has played a vital role in helping families secure their future through disciplined savings and dependable life cover. When people think about safe investment options combined with lifelong protection, LIC often remains their first choice. Among its many offerings, the New Jeevan Anand policy, introduced under plan number 915, stands out as a well-balanced solution that blends life insurance with long-term savings. This policy is designed for individuals who want to protect their family financially while also building a stable corpus for the future.
The New Jeevan Anand plan offers the dual advantage of financial growth and life cover, making it suitable for salaried professionals, self-employed individuals, and long-term planners who value security and consistency in their investments.
The New Jeevan Anand policy is structured as a participating non-linked plan. This means it provides guaranteed life cover along with bonuses that are declared by LIC based on its overall performance. Unlike market-linked products, this plan is not affected by stock market fluctuations, which makes it appealing to conservative investors who prioritize stability over high risk.
Throughout the policy term, the policyholder pays regular premiums and, in return, receives life insurance coverage along with the opportunity to accumulate bonuses. This combination helps in creating a disciplined savings habit while ensuring that loved ones remain financially secure in case of an unforeseen event.
One of the most distinctive features of the New Jeevan Anand policy is the continuation of life cover even after maturity. When the policy term is completed, the policyholder receives the basic sum assured along with accrued simple reversionary bonuses and any final additional bonus, if applicable. This maturity payout can be used for retirement planning, children’s education, debt repayment, or any other major financial goal.
What truly sets this plan apart is that even after receiving the maturity amount, the policyholder continues to enjoy life insurance protection for the basic sum assured for the rest of their life. In the event of the policyholder’s death after maturity, the nominee receives the basic sum assured, ensuring ongoing financial protection for the family.
If the policyholder passes away during the policy term, the nominee is entitled to receive the sum assured on death along with all accumulated bonuses and any final additional bonus, subject to policy conditions. Importantly, the death benefit is structured to ensure that the payout is never less than 105 percent of the total premiums paid, excluding taxes and rider premiums. This provision reinforces the financial safety net for dependents and provides peace of mind to the policyholder.
The New Jeevan Anand plan offers flexibility in terms of entry age and policy duration. The minimum entry age is 18 years, while the maximum entry age is 50 years. Policyholders can choose a policy term ranging from 15 to 35 years, depending on their financial goals and life stage. The maximum age at maturity is capped at 75 years, which allows individuals to plan well into their later years.
The minimum basic sum assured starts at INR 1 lakh, and there is no upper limit, making the policy suitable for both modest and high-value financial planning needs.
To accommodate different income patterns, LIC provides multiple premium payment options under this plan. Policyholders can choose annual, half-yearly, quarterly, or monthly payments through NACH. Since this is a participating policy, it is eligible for simple reversionary bonuses declared annually and a final additional bonus at maturity or death, subject to LIC’s performance and policy terms.
These bonuses significantly enhance the overall returns and make the policy more rewarding over the long term.
After the completion of two policy years, the New Jeevan Anand policy becomes eligible for a loan facility. This feature allows policyholders to access funds during financial emergencies without surrendering the policy. In addition, LIC offers optional riders such as accidental death benefit, term assurance rider, and critical illness rider. These riders can be added by paying an extra premium and help strengthen the overall protection cover based on individual needs.
The LIC New Jeevan Anand policy is ideal for individuals seeking a dependable life insurance plan with savings and lifelong security. Its unique structure, which continues life cover even after maturity, makes it a valuable tool for comprehensive financial planning. With flexible premium options, bonus participation, loan availability, and optional riders, this policy addresses both protection and wealth creation goals in a balanced manner. For those who value trust, stability, and long-term assurance, this plan remains a strong and time-tested choice.
