The LIC Jeevan Anand-715 Plan is a combination of a traditional endowment plan and a term insurance plan. It offers both life coverage and savings benefits. The policy provides financial protection in the event of death during the policy term and a lump sum payout at the end of the term if the policyholder survives.

The key benefits of the LIC Jeevan Anand-715 Plan include life insurance coverage, lump sum survival benefits at the end of the policy term, death benefits for the nominee, eligibility for bonuses, flexible premium payment options, and tax benefits under Sections 80C and 10(10D) of the Income Tax Act.

To be eligible for the LIC Jeevan Anand-715 Plan, the minimum age at entry is 18 years, and the maximum age at entry is 50 years (depending on the policy term selected). The policy term can range from 15 to 35 years, with a premium paying term that can vary depending on the term chosen.

Yes, policyholders can avail of a loan against the LIC Jeevan Anand-715 Plan. The loan amount is based on the surrender value of the policy. This option allows you to access funds in case of emergencies without having to liquidate other assets.

The premiums paid for the LIC Jeevan Anand-715 Plan qualify for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity benefits, including the sum assured and bonuses, along with the death benefits, are exempt from tax under Section 10(10D), making this policy an attractive tax-saving tool.

LIC New Endowment Plan 714 is a combination of life insurance and a savings plan. It provides financial protection to the policyholder's family in case of their untimely demise, along with a savings component that offers a lump sum payout at the end of the policy term. It also participates in bonuses, enhancing the policy's benefits over time.

• Life cover for the policyholder’s family in case of untimely demise.
• Bonus facility that adds to the policy’s value through Simple Reversionary Bonuses and Final Additional Bonuses.
• Tax benefits under Section 80C for premiums paid and Section 10(10D) for maturity benefits.
• Loyalty additions for long-term policyholders, adding substantial benefits.
• Loan facility against the policy in case of financial emergencies.

LIC New Endowment Plan 714 is available to individuals aged between 12 and 55 years. The policy allows flexibility in the sum assured, starting from INR 1,00,000, and can be customized according to the individual’s financial needs.

The policy term for LIC New Endowment Plan 714 ranges from 12 years to 35 years. This flexibility allows you to choose a policy term that suits your financial planning and life goals.

LIC New Endowment Plan 714 is a participating policy, meaning it is eligible for bonuses. The bonuses are declared yearly by LIC and are paid out at the end of the policy term. These include Simple Reversionary Bonuses, which are added to the sum assured, and Final Additional Bonuses, which are paid when the policy matures or upon the policyholder’s death during the term. The bonuses increase the overall maturity benefits of the policy.

LIC's Single Premium Endowment Plan 717 is a life insurance policy that requires only one premium payment. It provides life cover during the policy term and offers a lump sum benefit at maturity, along with bonuses, if applicable. This plan combines both savings and risk protection, making it a comprehensive financial solution.

The key benefits include:

• Life Coverage: A sum assured on death during the policy term.
• Maturity Benefit: A lump sum payout at the end of the policy term, which includes the sum assured and any declared bonuses.
• Tax Benefits: Premiums paid qualify for deductions under Section 80C, and the maturity benefits are tax-free under Section 10(10D).
• Bonus Facility: The plan is eligible for bonuses, which may enhance the maturity payout.
• Loan Facility: You can take a loan against the policy after it acquires a surrender value.

This plan requires a single lump sum premium payment at the time of policy purchase. The premium amount will depend on the sum assured, age, and policy term you choose. The premium is fixed and does not require any further payments during the policy term.

Yes, once your policy acquires a surrender value, you can avail of a loan up to 90% of the surrender value. This gives you liquidity in case of an emergency while keeping your policy intact.

Yes, the premium paid under this plan is eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity benefits are tax-free under Section 10(10D), making this plan a tax-efficient investment.