LIC New Endowment Plan is a good option for individuals looking for a life insurance policy that provides a combination of protection and savings benefits.

Plan No. 856, also known as Pradhan Mantri Vaya Vandana Yojana, is a subsidized scheme by the Government that guarantees a return of 7.4% per annum, payable monthly (which is equivalent to 7.66% per annum), for policyholders who are aged 60 years or above and survive during the 10-year policy term.

Jeevan Shanti plan is designed to provide policyholders with a secure and guaranteed stream of income in their retirement years, helping them meet their financial needs and live a comfortable life post-retirement.

LIC New Endowment Plan is a good option for individuals looking for a life insurance policy that provides a combination of protection and savings benefits.