Review of LIC New Jeevan Anand

According to me, LIC New Jeevan Anand is one of the best plans that LIC has. The benefits that the company offers are what make it a wholesome plan. I would like to thank the team Policybazaar who understood my insurance needs and helped in making my decision.By Varun Pariyar 

Read more
LIC, Policybazaar join hands to
accelerate insurance growth
LIC investment
  • Buy LIC policy online
    hassle free

  • High returns market link

  • Tax saving under Sec 80C &

  • Sovereign guarantee as per
    Sec 37 of LIC Act

Now Available on Policybazaar
Grow your wealth with LIC
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated
58.9 million
Registered Consumers
26.4 million

A few months back, Mr. Varun bought the LIC Jeevan Anand plan. He was looking for a plan that will offer him the benefits of life protection and investments. After talking to him for a while and understanding his insurance needs, our expert advised him to buy the LIC New Jeevan Anand plan. After doing his research, he agreed to buy this LIC plan and is fully satisfied with everything that the plan is offering.

LIC New Jeevan Anand is an endowment plan that is designed to offer comprehensive coverage to the policyholder and his family by providing death benefits and maturity benefits. 

Let’s explore the other key benefits and features of LIC New Jeevan Anand that convinced Mr. Varun to choose this plan.

Key Features of LIC New Jeevan Anand

  • LIC New Jeevan Anand is a participating plan wherein one can gain profits along with assured benefits.

  • One can choose to pay premiums regularly at yearly, half-yearly, quarterly, or monthly intervals.

  • A grace period of 30 days is provided to the policyholder in case he/she forgets to pay their premium on time.

  • One can avail loan against their LIC New Jeevan Anand plan in order to meet their financial emergency needs.

What are the Benefits of LIC New Jeevan Anand?

With this plan, Mr. Varun and his family will also be entitled to the below mentioned benefits:

  1. Death Benefits

    In case the policyholder dies during the policy term, the family of the policyholder will be entitled to the death benefit. The death benefit payable will be 125% of the Base Sum Assured or 7 times the annual premium amount, whichever is higher at the time of death.

    Note: The final additional bonus and simple reversionary bonuses are added to this amount.

  2. Maturity Benefits

    If the policyholder survives till the maturity date, the plan will offer the basic sum assured to the insured. The maturity amount will be calculated as the sum assured along with the vested Simple Reversionary Bonuses and Final Additional Bonus, if any,

  3. Tax Benefits

    The LIC New Jeevan Anand policy offers tax benefits to the insured on the premium paid and on the claims received under Sections 80C and 10(10D) of the Income Tax Act.

  4. Availability of Riders for enhanced protection

    The plan offers four additional riders namely LIC Accidental Death and Disability Benefit, LIC Accident Benefit Rider, LIC New Term Assurance Rider and LIC New Critical Illness Benefit Rider. These riders can be added for extra protection against natural death, death or disability by accident, and critical illnesses. 

  5. Option to receive Death and Maturity Benefit in Installments

    The policyholder or the nominee has the option to receive death/ maturity benefits in installments. The installments must be paid in advance at intervals of a year, a half-year, a quarter, or a month, depending on the choice, with the minimum installment amount for each manner of payment being as follows: 

    Mode of Installment payment  Minimum installment amount (in Rs.)
    Monthly 5,000
    Quarterly 15,000
    Half-yearly 25.000
    Yearly 50,000

To Sum it Up

Along with Mr. Varun, other customers who have bought LIC New Jeevan Anand are happy with the benefits offered by the plan. The plan not only offers comprehensive coverage but also is pocket-friendly. The affordable LIC New Jeevan Anand plan is one of the best choices for those individuals who are looking for dual benefits under a single plan.


  • Q: What is the policy duration of LIC New Jeevan Anand Plan?

    Ans: The maximum policy tenure of LIC New Jeevan Anand is 35 years. One can choose the policy tenure between 15-35 years.
  • Q: Is LIC Jeevan Anand and New Jeevan Anand same plan?

    Ans: LIC Jeevan Anand 149 is a life assurance policy that was withdrawn by the company during the financial year 2013-14. On 1st Feb 2020, LIC launched a new version under LIC New Jeevan Anand (plan no. 915).
  • Q: What is the minimum sum assured for LIC's New Jeevan Anand plan?

    Ans: The minimum sum assured of LIC New Jeevan Anand plan is Rs. 1 Lakh.
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
GST Exemption For NRIs

17 Mar 2023

Indians living Abroad can now avail GST Exemption on their LIC
Read more
Review of LIC Bhagya Laxmi

16 Mar 2023

With the LIC BhagyaLaxmi Plan, I have secured the future of my
Read more
Review of LIC Jeevan Azad

09 Mar 2023

Recently bought the LIC’s newly launched plan LIC Jeevan Azad
Read more
Review of LIC Jeevan Shiromani

06 Mar 2023

My father bought LIC Jeevan Shiromani in 2021. Last year in
Read more
Why Should NRIs in the USA buy LIC Plans?

06 Mar 2023

LIC Plans for NRIs in the USA are one of the best ways to secure
Read more
Surrendering LIC Policy Before Maturity Time: Your Guide!
The Life Insurance Corporation of India is one of the most prominent insurance companies. It has an unparalleled
Read more
How to Check the Maturity Amount of LIC Policies?
Life Insurance Corporation of India is one of the leading public companies in the service of insurance plans. And
Read more
LIC Surrender Value After 10 Years Calculator
Surrender value is the amount you get if you surrender or stop paying premiums for a policy. It is not advisable
Read more
LIC Policy for Girl Child in India
A LIC policy for a girl child is a plan that acts as a combination of protection and savings while also providing
Read more
LIC Online Premium Payment
Life Insurance Corporation of India (LIC) is one of the leading life insurance companies having a large customer
Read more

Download the Policybazaar app
to manage all your insurance needs.