LIC New Jeevan Anand is one of LIC's best-selling endowment plans, offering risk cover even after the maturity of up to 100 years old. But is it really good because your insurance agent has tried to sell it for you, or your partner has suggested you go for it, or because you have to take out an insurance policy? For whom is this policy really intended? When is the perfect time for buying it?
Insurance is for anyone who purchases. However, with no previous research, it is not something to be thoughtlessly purchased. People are always stirred up by what insurance they should be going for when they think about Term Insurance and other insurance products. Term Insurance is consistently suggested as it is the "genuine frame" of insurance.
People buy money back plans and other savings plans are planning to multiply their money over time. Be that as it may, there would be a huge financial burden on the family if the family provider expires. A term of protection is therefore the main insurance planned to give that family that vital "emergency fund."
If you already have a term insurance plan and you want to take out another insurance plan, you can go to Money Back plans at that point.
In the dominant part of the cases, policyholders have the policies expected for investment purposes such as LIC New Money Back Policy, LIC New Jeevan Anand Policy, and so on. If you are one of those who already hold policies for savings and investment purposes, it is also an ideal opportunity for you to take out a term insurance right now. When planning a term insurance, how much cover would it be advisable for me to take? The life cover assessed can be counted by multiplying your annual salary fifteen times.
You can now take LIC Jeevan Anand plan after having such a "well planned" term insurance. The main advantage of taking LIC New Jeevan Anand policy is that it is a plan with profits and provides cover for life insurance until you reach the age of 100. It announces bonuses for certain policies at the point when LIC benefits, and LIC Jeevan Anand policy is one of those policies on which LIC declares the bonuses. LIC Jeevan Anand is a policy of good returns.