LIC New Jeevan Anand
Lifelong Protection for: Mr. Ramesh (Age: 30) [cite: 1, 2, 3, 4]
"Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi."
Why New Jeevan Anand? [cite: 5]
Endowment Savings
Combines systematic savings with high-value life insurance protection during the term. [cite: 5]
Lifelong Legacy
Risk cover continues for life even after the policy completes and maturity is paid. [cite: 6]
Bonus Participation
Eligible for Simple Reversionary Bonus and Final Additional Bonus (FAB) as per future declarations. [cite: 16]
Sovereign Guarantee
Backed by Section 37 of LIC Act 1956 with a 98.62% Claim Settlement Ratio.
Benefit & Coverage Milestone Projection
| Year | Age | Cumulative Premium | Normal Life Cover | Accident Cover | Cash Value |
|---|---|---|---|---|---|
| 1 | 31 | ₹56,045 | ₹12,97,000 | ₹22,97,000 | - |
| 5 | 35 | ₹2,80,225 | ₹15,01,000 | ₹25,01,000 | ₹1,27,994 |
| 10 | 40 | ₹5,60,450 | ₹17,56,000 | ₹27,56,000 | ₹3,54,342 |
| 15 | 45 | ₹8,40,675 | ₹20,11,000 | ₹30,11,000 | ₹6,62,492 |
| 21 (Maturity) | 51 | ₹11,76,945 | ₹23,37,000 | ₹33,37,000 | ₹20,87,000 |
| Post-Maturity | 52+ | - | ₹10,00,000 | - | - |
*Figures are based on a Sum Assured of ₹10,00,000. Maturity includes SA + Bonus + FAB. [cite: 2, 4, 13, 14, 16]
Liquidity & Tax Benefits
Loan Facility
Avail loans against the policy to meet immediate financial requirements. [cite: 17]
Surrender Option
Policy can be surrendered for cash value as per plan conditions. [cite: 17]
Tax Efficiency
Deduction under Section 80C for premiums and tax-free maturity under Section 10(10D). [cite: 19, 20]
Disclaimer: Premium shown is indicative. Bonus values are subject to future declarations by the insurer. Please read the sales brochure carefully. [cite: 24, 26, 27]