This policy can be purchased by any individual between the age group of 18-50 years for the minimum sum assured of Rs.1 lakh.
The Life Insurance Corporation of india offers a various term and pension plans as well as endowment insurance products.One of the insurance offered by the LIC, New Jeevan Anand plan ,provides a financial support when the policy holder dies and when the policy holder survives till the end of the policy term ,a provision of payment of lumpsum will be paid to the policy holder.
This policy can be purchased by any individual between the age group of 18-50 years for the minimum sum assured of Rs.1 lakh.And there will be no upper limit applicable to the sum assured under New Jeevan Policy.