LIC( LIFE INSURANCE of INDIA) as the name suggest insures our life. As we all know life is so unpredictable and if anything happens to us our family gets insured amount so that after us they can live their life smoothly and we too can go freely( smile) . Many insuramce companies are there but LIC as it is government organisation we can trust it blindly and can assure ourselves that if anything happens to us our family will get full insured money hassle free without much harrasment.
LIC’s New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his survival. This plan also takes care of liquidity needs through its loan facility.
I advice everyone should get one or more policies according to their capacities and get insured as no one knows what the future holds.