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LIC — Endowment Plans

LIC's New Jeevan Anand (Plan 715)

RECOMMENDED

Premium

₹150/Day

Sum Assured

₹1 Lakh - No Limit

Term

15-35 Years

Premium Paying

Same as Policy Term

Key Features

LIC's most popular plan - protection continues even after maturity
Participation in profits through Simple Reversionary Bonuses
Final Additional Bonus for long-term policies
Loan facility available after 3 years
Paid-up value available after 3 years premium paid
Surrender value available after 3 years
Tax benefits under Section 80C & 10(10D)
Age: 8-59 years, Min SA ₹1 Lakh

Benefits

Maturity Benefit

Sum Assured on Maturity + Vested Simple Reversionary Bonuses + Final Additional Bonus

Death Benefit

During term: Higher of 7x Annualized Premium or 125% of Basic SA + Vested Bonuses. After term: Sum Assured on Death.

Available Riders

Accident Benefit RiderPremium Waiver Benefit RiderTerm Assurance RiderCritical Illness Rider

Eligibility

Age: 8-59 years, Min SA ₹1 Lakh, No limit on max SA

Highlights

LIC's #1 selling plan - protection continues even after policy matures

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