LIC New Jeevan Anand Plan (Plan no.815)

Combination of Endowment & Whole life plan.

This combination provides financial protection against death throughout the life time of the Policy holder with the provision of payment of lumpsum at the end of the selected policy term.

A Regular Premium paying, Non-linked, Conventional with-profits Endowment Assurance plan

Eligibility Conditions & Restrictions
Minimum age:18 Years (Completed)
Maximum age:50 years
Maximum maturity age:75 years
Policy Term:15 years to 35 years
Minimum Sum Assured:Rs.1,00,000
Maximum Sum Assured:No limit
Premium payment:Yearly / Half yearly / Quarterly / Monthly (Thru bank)
Loan:Eligible after 3 years
Surrender:Eligible after 3 years
On Death before maturity:1.25% of Sum Assured + Bonus is payable
On Maturity:Sum Assured + Bonus is payable
After Maturity on death:Sum Assured is payable
Income Tax Benefits:(i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount / Death claim is Non-taxable u/s 10(10d)