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LIC New Jeevan Anand (Plan No. 715)

Endowment plan with bonuses – and your life cover continues for whole life even after maturity.

LIC’s New Jeevan Anand (Plan 715) is one of the most popular LIC policies in Chandigarh and across India. It combines an endowment plan with whole-life cover: you get the maturity amount with bonuses at the end of the term, and even after that the basic sum assured stays as life cover for your family until age 100.

Plan nameLIC New Jeevan Anand
Plan number715
UIN512N279V03
CategoryEndowment & Savings Plans

How LIC New Jeevan Anand works

  • You choose the sum assured and policy term; premiums are paid for the full term.
  • If the life assured dies during the term, the nominee gets the death benefit plus accrued bonuses.
  • On surviving the term, you receive the basic sum assured plus vested simple reversionary bonuses and final additional bonus (if any).
  • After maturity, risk cover equal to the basic sum assured continues till age 100 without any further premium.

Who should buy this plan?

  • Salaried people and business owners who want savings plus lifelong cover
  • Parents who want to leave a legacy for the family
  • People who prefer a traditional, bonus-based LIC plan

Important points before you buy

  • Bonuses are not guaranteed – they are declared by LIC every year.
  • Riders such as accident benefit and term rider can be added for more cover.
  • Loan facility is available after the policy acquires surrender value.
Get your exact premium & maturity illustration: premium depends on your age, sum assured, term and health. WhatsApp your date of birth and required cover to +91 75085 67891 and get an official LIC illustration free.

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Why buy LIC New Jeevan Anand through Vedpal Singh?

  • 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
  • Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
  • Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
  • Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.

Frequently asked questions

It suits people who want guaranteed life cover plus bonus-based savings and a legacy after maturity. For very high protection at low cost, a term plan should be combined with it.

You receive the maturity amount and the basic sum assured continues as life cover till age 100 without paying any more premium.

Call or WhatsApp Vedpal Singh on +91 75085 67891. We explain the plan, prepare a benefit illustration for your age, complete the proposal form and documents, and help with medicals if needed – at your home or office in Chandigarh, Mohali, Panchkula or Zirakpur.

Usually Aadhaar, PAN, a photograph, address proof, income proof (for higher cover), bank details for premium/maturity and nominee details. Exact requirements depend on the plan and sum assured.

Premiums may qualify for deduction under Section 80C (old tax regime), and maturity/death benefits may be exempt under Section 10(10D), subject to conditions and limits under prevailing tax laws. Please confirm with your tax advisor.

Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.

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LIC New Endowment Plan

Classic LIC savings plan – life cover plus maturity amount with bonuses.

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