Life Insurance Corporation of India’s LIC new jeevan Anand policy is extension and modification of old jeevan Anand policy as per the new guidelines of Insurance Regulatory and Development Authority of India. In LIC New jeevan Anand plan the service tax of 3.o9percent has been added. LIC New jeevan Anand plan is a combination of whole life policy plus endowment plan which makes new jeevan Anand policy a double benefit endowment policy. Although the accident benefit point is not added in this policy but a person can add accident benefit and critical illness benefit in the new jeevan policy by just giving very small premium.
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Please provide brief about LIC New Jeevan Anand plan?
