Lic New Jeevan Anand vs Lic Jeevan Lakshya Life Insurance Plan 2026 | PolicyX
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LIC New Jeevan Anand is a participating non-linked plan that combines protection and savings. It offers financial protection against death throughout the policyholder's lifetime, along with a lump sum payment at the end of the selected policy term if the policyholder survives.

The plan also addresses liquidity needs with a loan facility and provides necessary financial support to family members in case of the insured's demise.

Additionally, the plan includes a survival benefit: if the policyholder survives until the end of the policy term, a lump sum amount is paid.

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

  • Death Benefits
  • Policy Loan
  • Rider Benefits
  • High Sum Assured Rebates
  • Maturity Benefits
PLAN DETAILS

Lic New Jeevan Anand

Lic Jeevan Lakshya
Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Maturity age Maximum Maturity Age - 75 years Maximum Maturity Age - 65 years
Plan Sum Assured - Policy term minus 3 years
Plan Entry Age Minimum Age - 18 years, Maximum Age - 50 years Minimum Age - 18 years Maximum Age - 50 years
Plan Payment modes Rs 1 lakh to No limit Rs 1 lakh to No limit
Plan Policy loan Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 15 years, Maximum term - 35 years Minimum term - 13 years Maximum term - 25 years
Claim Settlement Ratio (2024-25) 98.5% 98.5%
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LIC Jeevan Anand Plan 915 Details

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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.

Riders

Benefits of LIC New Jeevan Anand Plan

There are various benefits to buying the LIC New Jeevan Anand Plan. Let’s understand each of them in detail:

  • Death Benefit: If death occurs during the first five policy years, the benefit is payable if the insured person dies before the maturity date. Before the date of commencement of risk, a refund of premium(s) paid without interest will be payable.
  • Maturity Benefits: If the insured survives till the end of the policy period, and all due premiums have been paid, the Sum Assured on Maturity along with Loyalty Addition will be payable.
  • Participation in Profits: If the insured has completed five years and paid all premiums, then depending upon the Corporation's experience, policies under this plan will be eligible for Loyalty Addition at the time of exit (due to death during the policy term or maturity).
  • High Sum Assured Rebates: This plan offers rebates if you choose a high sum assured.

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Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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