Today LIC relaunched it’s one of the popular plan JEEVAN ANAND. As I said in my earlier posts, there is no such a major revamp. But only few changes to meet the new guidelines. Below are the features of New Jeevan Anand (No.815).
What are the new changes?
- Maximum age at entry is reduced.
- The maximum policy term is reduced.
- Rebates on higher premium and the Basic Sum Assured modified.
- Loan features modified.
- Change in Guaranteed Surrender Value.
- Policy revival conditions changed.
Few readers suggested me to come out with the benefits of investing in these new plans. But as of now without knowing the premium rates and other details, I am unable to do so. Hence once the clear picture come out then I will do that review. As of now I am just updating the plan features whenever LIC launches new revamped plans.