LIC's New Jeevan Anand (Plan No. 915, UIN No. 512N279V02) is a traditional endowment plan that offers a combination of protection and savings. Here are some key features of the plan:

Benefits:

  • Life cover: The plan provides life cover throughout the policy term. In case of the policyholder's unfortunate demise, the sum assured is paid to the nominee.
  • Maturity benefit: If the policyholder survives the policy term, they receive the sum assured along with bonuses accumulated over the years.
  • Bonus: The plan participates in the profits of LIC and earns bonuses, which are declared annually and added to the policy.
  • Tax benefits: Premiums paid for this plan are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.
  • Loan facility: Loans can be availed against the policy after two years of premium payment.
  • Riders: Optional riders like accidental death and disability benefit rider, critical illness benefit rider, etc. can be added to the plan for additional protection.

Eligibility:

  • Age at entry: 18 to 50 years
  • Policy term: 15 to 35 years
  • Minimum sum assured: Rs. 50,000

Please note:

  • This is a brief overview of the plan. For detailed information about the plan, including premium rates, benefits, terms and conditions, please refer to the LIC website or consult with an LIC agent.
  • The UIN number you provided is specific to your policy and should not be shared publicly.

I hope this information is helpful. Please let me know if you have any other questions about LIC's New Jeevan Anand plan.