With New Jeevan Anand, taking your maturity money does not mean the life cover has finished. There is a separate payment for your family if you die after the policy term ends. Before you compare the result with another savings policy, look at both parts rather than only the maturity total.
Check the joining age and policy years
You can join from eighteen to fifty years of age, with policy years chosen within the allowed age limits. The revised plan starts with two lakh rupees of cover. If you already hold an older policy, use the cover and dates on your own policy paper when you check the estimate.
Why cover continues after maturity
You pay premiums throughout the chosen term, and the maturity payment becomes due when that term ends and you survive. The basic life cover then continues without further base premiums under the full policy terms. For a shorter paying period, compare the Jeevan Labh policy calculator before choosing your plan.
Five lakh rupees at two different stages
On five lakh rupees of basic cover, the maturity payment includes five lakh rupees and eligible bonus money. After that payment, the separate death benefit is five lakh rupees under a fully maintained policy. These are payments at different events, so adding them together does not show your cash available at maturity.
FAQ
Q: Does New Jeevan Anand pay another maturity amount at age one hundred?
A: No fixed second maturity payment is promised. The basic cover is payable on death after the policy term under the policy conditions.
Q: Can my family claim after I have received the maturity money?
A: Yes. The post-maturity death benefit is separate from the maturity payment you received, provided the applicable policy conditions are met.
Q: Can a person join this plan after turning fifty?
A: The stated upper entry age is fifty years, assessed under LIC age rules. The chosen term must also fit the maturity age limit.