Secure your Life with LIC New Jeevan Anand Plan and Jeevan Labh

The life insurance corporation of India (LIC) is a public sector insurance and investments provider. It is one of the largest providers in India and has a wide array of insurance products to its customers. The most preferred life insurance company in India, LIC is synonymous with life insurance in India and has a strong customer base.

The LIC New Jeevan Anand Plan and Jeevan Labh policy are two prominent life insurance plans provide multiple benefits including insurance protection and lump sum payout during maturity. Let’s look at these plans in detail

Overview

Plan Name	Entry Age	Sum Assured	Policy Term	Max Maturity age	Highlights
LIC New Jeevan Anand Plan	Minimum – 18 years Maximum – 50 years	Minimum – Rs.10,000 Maximum – No limit	15-35 years	75 years	Protection cum savings and one of the most sold endowment plans from LIC
LIC Jeevan Labh	Minimum – 8 years Maximum – 59 years for policy term of 16 years, 54 years for policy term of 21 years, 50 years for policy term of 25 years	Minimum – Rs.2,00,000 Maximum – No Limit	16, 21 and 35 years	75 years	Comprehensive life cover with maturity benefit and reversionary bonuses as profit-sharing from the company

Highlights of Life Insurance Plans from LIC:

• Company has a great claim settlement ratio of 98.33% for the year 2015-2016 and 100% grievances were resolved in the year
• It has a technologically connected network with over 2000 branch offices across India
• When it comes to stock markets, LIC stocks remain as one of the most stable stocks in BSE
• The company is known for its variety of life insurance products suited for every type of individual out there. It also launches new products every now and then in order to serve the society

Key Features of the LIC New Jeevan Anand Plan

• The LIC New Jeevan Anand policy Plan is a participating non linked life insurance policy that comes for a policy term of 15 to 35 years. The premium payment term is regular for the whole term of the policy. You can pay your premiums annually, half-yearly, quarterly or monthly
• The maturity benefit offered by the LIC New Jeevan Anand Plan will be paid out upon survival through the end of policy. The sum assured amount plus the reversionary bonus and final bonus will be the settlement paid on maturity. Upon unfortunate event of your death, get death benefit accordingly.
• You can opt for the loan facility when the policy has reached a surrender value. The policy can be surrendered only upon completion of 3 years of policy term

Benefits of LIC New Jeevan Anand Plan

• Protection Cum Savings – Get life insurance coverage and savings at the end of the term under one plan of LIC New Jeevan Anand Plan
• Death Benefit – Sum assured on death is the highest of 125% of basic sum assured, 10x annual premium or 105% of total premiums paid. Get one of these amounts plus applicable bonuses
• Maturity Benefit – Basic Sum Assured plus all the appicable bonuses are disbursed as lump sum payout
• Additional Riders – Top up coverage with LIC’s accidental and disability benefit riders
• Discounted Premiums – Get discounts for paying yearly or half yearly premiums or higher sum assured amounts
• Tax Benefit – Premium paid for the LIC New Jeevan Anand Plan are exempt from tax under Section 80C
• Convenience and Flexibility – Buy life insurance policies online at LIC’s website and customize your coverage as per your needs

Key Features and Benefits of LIC Jeevan Labh

• There are 3 policy terms with limited premium payment term – 10 years for a term of 16 years, 15 years for a term of 21 years and 16 years for a term of 25 years.
• Death Benefit and Maturity Benefit offered with settlement of sum assured amount plus the Vested Simple Reversionary bonus and final bonus. The reversionary bonus will be declared by LIC and is the key highlight of this plan
• Comprehensive life insurance coverage with rebates on premium paying mode and higher sum assured amounts
• Affordable life insurance policy with flexibility to customize the plan according to your requirements
• Loan facility and additional riders provided