LIC's Amazing Offer: Big Benefits with Small Savings, Up to ₹25 Lakhs and Lifetime Cover

LIC: This policy has a minimum entry age of 18 years and a maximum of 50 years, while the policy term can be chosen from 15 to 35 years. The maximum maturity age is 75 years. The minimum basic sum assured is ₹1 lakh, and there is no maximum limit.

LIC Insurance: Life Insurance Corporation of India (LIC) is among the oldest and most trusted insurance institutions in the country. When it comes to secure investments and the financial security of the family, LIC remains the first choice for millions of Indians. If you are looking for a policy that not only strengthens your savings but also provides financial security to your family even after you, then LIC's Jeevan Anand policy can be an excellent option. This plan, offered under Plan Number 915, is a balanced combination of term insurance and a savings plan, which provides the policyholder with lifelong security along with attractive returns.

Maturity and Death Benefit: Assurance of Lifelong Security

In the LIC New Jeevan Anand plan, upon completion of the policy term, the policyholder receives the basic sum assured along with the accrued bonus. The biggest feature of this plan is that the insurance coverage continues even after maturity. Upon the death of the policyholder, the nominee receives the basic sum assured. If death occurs during the policy term, the sum assured on death is paid along with the declared bonus and final additional bonus (if applicable). This amount is never less than 105% of the total premiums paid, thus ensuring the financial security of the family.

Age, Policy Term, and Additional Benefits

This policy has a minimum entry age of 18 years and a maximum of 50 years, while the policy term can be chosen from 15 to 35 years. The maximum maturity age is 75 years. The minimum basic sum assured is ₹1 lakh, and there is no maximum limit. Premium payment options are available on an annual, half-yearly, quarterly, and monthly (via NACH) basis. This policy participates in LIC's profits, offering benefits such as Simple Reversionary Bonus and Final Additional Bonus. Additionally, it provides a loan facility after two years and offers rider options such as accidental death, term assurance, and critical illness, further strengthening the security coverage.

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