LIC New Jeevan Anand is a whole life insurance with investment plan. In this policy, you shall invest on a regular basis for a specified number of years till the maturity date. On maturity, the Sum Assured with Bonus and the Final Additional Bonus, if any would be paid to the policy holder. But still even after receiving the maturity, the whole life equal to the sum assured will exist for the policy holder till the end of their life. If the policy holder survives till the end of his / her 100th age, then the sum assured would be provided to the policyholder. In case, if the policy holder expires before completing their 100th age, his / her nominee would receive the sum assured amount.
You shall calculate the premium and maturity returns of New Jeevan Anand policy here.