Lic Jeevan Shagun
vs
Lic New Jeevan Anand

LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the event of the miserable death of the policyholder where the single premium paid depends on the maturity sum assured opted by the insured. On surviving till the end of a certain period and on the maturity date, a percentage of the Maturity Sum Assured is paid by LIC.

The plan was launched on 1st September, 2014 for a period of 90 days as it is a close-ended plan so one can fulfill any immediate service requirement. For new buyers looking to buy a similar LIC one time investment plan, you will find comparisons with other plans currently offered by LIC.

The single premium paid for the plan ranges accordingly on the basis of various factors like the policy term, the insured person’s age, the sum assured chosen, etc. After purchasing the policy, tax benefits are also applicable to the plan.

LIC Jeevan Shagun Plan offers you a range of benefits including:

• Death Benefits
• Survival Benefits
• Loyalty Additions

• Policy Revival
• Loan Facility

LIC New Jeevan Anand is a participating non-linked plan providing a combination of both protection and savings. The plan offers financial protection against death throughout the lifetime of the policyholder with the provision of payment of a lump sum at the end of the selected policy term in case of his/her survival.

It also takes care of liquidity needs with the loan facility. The plan is there to provide the needful financial support to the family members in case of the demise of the insured.

Moreover, the plan also comes with the survival benefit wherein if the policyholder survives till the end of the policy term, the plan will give a lump sum amount as a survival benefit.

LIC New Jeevan Anand Plan offers you a range of benefits including:

• Death Benefits
• Policy Loan
• Rider benefits

• High sum assured rebates
• Maturity Benefits