Lic New Jeevan Anand vs Lic Single Premium Endowment

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

It is a traditional endowment with death and maturity benefits to the policyholder. Even a bonus facility is given along. In this plan, the premium is paid in the starting which is paid in a lump sum amount. It serves the investment purpose and even secures you if you face an untimely demise. There is a sure short return on them which means these plans are secure and provide people with financial benefits. These plans including the LIC'S single premium plan provide insurance cover for the policyholder which means that if any unfortunate incident takes place to the insured then a lump sum amount will be given to the family. So if the person is the breadwinner of the family, there might not be a problem if this plan is availed. Even rebates are offered by LIC's single premium policy. One can even avail loan on these plans. Under the Income-tax Act, tax benefits are there for the people who take these policies.

LIC Single Premium Endowment Plan offers you a range of benefits including:

• Maturity Benefits
• Death Benefits
• Multiple rider options

• Loan Facility
• Survival Benefits