LIC New Jeevan Anand Policy: Small Savings, ₹25 Lakh Cover & Lifetime Security

LIC Insurance: The Life Insurance Corporation of India (LIC) continues to be the most trusted name in insurance and long-term financial planning for Indian families. Among its popular plans, LIC New Jeevan Anand (Plan No. 915) stands out as a unique policy that combines savings, maturity returns, and lifelong insurance coverage.

This plan is ideal for individuals looking to secure their family’s future while also building a disciplined savings habit.

What Makes LIC New Jeevan Anand Special?

The biggest highlight of the LIC New Jeevan Anand Policy is that insurance cover continues for life even after maturity. While you receive maturity benefits at the end of the policy term, your life remains insured without paying additional premiums.

• Maturity & Death Benefits Explained
• Maturity Benefit

On completion of the policy term, the policyholder receives:

• Basic Sum Assured

• Accrued Simple Reversionary Bonus

• Final Additional Bonus (if applicable)

Even after maturity, full life cover continues for lifetime, which is a rare feature among insurance plans.

Death Benefit

If death occurs during the policy term, the nominee receives:

Sum Assured on Death

Accrued Bonus

Final Additional Bonus (if applicable)

If death occurs after maturity, the nominee receives:

Basic Sum Assured

The death benefit is never less than 105% of total premiums paid, ensuring strong financial security.

Age Limit, Policy Term & Premium Details

Feature	Details
Minimum Entry Age	18 years
Maximum Entry Age	50 years
Policy Term	15 to 35 years
Maximum Maturity Age	75 years
Minimum Sum Assured	₹1 lakh
Maximum Sum Assured	No limit
Premium Payment Modes	Annual, Half-yearly, Quarterly, Monthly (NACH)

Bonus, Loan & Rider Benefits

Participates in LIC’s profits

Eligible for Simple Reversionary Bonus

Eligible for Final Additional Bonus

Loan facility available after 2 years

Optional riders include:

Accidental Death Benefit Rider

Term Assurance Rider

Critical Illness Rider

These add-ons enhance overall financial protection.

Who Should Consider This LIC Policy?

Young professionals starting long-term savings

Families seeking lifetime insurance protection

Individuals wanting both returns and security

Investors looking for low-risk, trusted LIC plans

Frequently Asked Questions (FAQ)

Q1. What is the plan number of LIC New Jeevan Anand?

Plan Number: 915

Q2. Does insurance continue after maturity?

Yes, full life insurance cover continues even after maturity without extra premium.

Q3. What is the minimum sum assured?

The minimum basic sum assured is ₹1 lakh, with no maximum limit.

Q4. Are bonuses guaranteed?

Bonuses are not guaranteed and depend on LIC’s performance, but LIC has a strong historical track record.

Q5. Can I take a loan against this policy?

Yes, a loan facility is available after completion of two policy years.

Conclusion

The LIC New Jeevan Anand Policy is a powerful combination of long-term savings, guaranteed maturity benefits, and lifetime insurance protection. Backed by LIC’s credibility, this plan is suitable for individuals who want financial stability, family security, and peace of mind.

If you’re planning for both future savings and lifelong protection, LIC New Jeevan Anand remains one of the most reliable insurance options in India.

Disclaimer

India Employment News does not provide any recommendation for buying or selling insurance or financial products. Readers are advised to consult certified financial advisors before making investment decisions.