LIC's 'New Jeevan Anand': Rs 45/day for Rs 25 Lakh & Lifelong Cover!

• LIC introduces 'New Jeevan Anand - Plan 915' for a financially independent retirement.
• Invest just Rs 45 daily (cost of a coffee) to accumulate a large sum.
• A 35-year-old investing Rs 16,300 annually for 35 years on a Rs 5 lakh Sum Assured can get Rs 25 lakh at maturity.
• Unique feature: After receiving Rs 25 lakh at maturity, the initial Rs 5 lakh risk cover continues for life without further premiums.
• Tax benefits under Section 80C and 10(10D), loan facility after two years, and a 30-day grace period for premiums.

Key Questions Answered

How does LIC's New Jeevan Anand policy work?

The LIC New Jeevan Anand policy (Plan 915) offers a combination of savings and protection.

What are the tax benefits of this LIC plan?

The LIC New Jeevan Anand Plan 915 offers tax benefits under Section 80C for premiums paid and Section 10(10D) for maturity proceeds.

Is this policy suitable for retirement savings?

The LIC New Jeevan Anand Plan 915 is presented as a suitable policy for retirement savings.