The flexible New Jeevan Anand plan from LIC combines life insurance with a strong savings component, appealing to people seeking long-term financial stability and safety. This plan guarantees an amount assured at maturity and provides life protection after the policy term expires, meeting your family’s financial requirements in any situation.
New LIC Jeevan Anand Plan Overview
LIC, a leading Indian insurance company, created the New Jeevan Anand plan for risk-averse and growth-seekers. Endowment benefits enable for long-term investments, while life insurance provides piece of mind. This makes it a dual-purpose program for wealth building and dependent financial security.
Key Benefits of LIC’s New Jeevan Anand Plan
New Jeevan Anand’s guaranteed amount provided at maturity is a highlight. Policyholders get a lump payment at the conclusion of the policy period. This amount includes the sum secured and any incentives accrued over time, making it suited for long-term objectives like children’s education, marriage, or retirement.
Life insurance coverage guarantees that if the policyholder dies within the policy term, their nominees get the death payment and earned bonuses. This offers financial assistance for the policyholder’s family in their absence. This plan is suitable for individuals who seek everlasting security since the life insurance remains after the policy term finishes.
Tax Benefits and Financial Planning with LIC’s New Jeevan Anand
LIC’s New Jeevan Anand also offers tax efficiency. Policyholders may deduct premiums under Section 80C of the Income Tax Act up to the maximum. This lowers taxable income and saves money. The plan’s maturity or death benefit payment is tax-free under Section 10(10D), making it a tax-efficient investment.
Through disciplined monthly payments, the New Jeevan Anand plan guarantees a stable retirement savings source. At maturity, the dividend may cover post-retirement expenses, easing old age anxieties. It assures policyholders have enough money to live comfortably after a career.
WHO Should Consider LIC’s New Jeevan Anand Plan?
LIC’s New Jeevan Anand suits young professionals, parents, and retirees. Beginning early lets young professionals expand their investment over time. When the insurance matures, they have enough money for major life events. A guaranteed payment makes this plan ideal for parents who desire to safeguard their children’s future for school, marriage, or other goals.
This plan lets people save for retirement and get life insurance. Those approaching retirement find investing with insurance appealing since it helps them to plan their future with certainty and permanent coverage.