LIC New Jeevan Anand 915 is a whole life insurance plan offered by LIC India. It’s a popular option for those seeking a combination of protection and savings. Here’s a breakdown of the key features:

Benefits:

• Double Benefit: Provides a guaranteed death benefit throughout the policy term and a maturity benefit if the policyholder survives the term.
• High Bonuses: LIC New Jeevan Anand 915 is known for offering attractive bonus rates, which are added to the maturity benefit.
• Life Cover Until 100 Years: This plan provides coverage until the policyholder reaches 100 years of age or death, whichever comes first.
• Loan Facility: Policyholders can avail loans against their policy after a certain period.
• Tax Benefits: Premiums paid qualify for tax deductions under Section 80C of the Income Tax Act. Maturity and death benefits are also tax-free under certain conditions.

Additional Points:

• Riders (optional additional coverage) can be added to the plan for benefits like accidental death, disability, or critical illness.
• This is a non-linked plan, so returns are not based on market performance.