LIC's Jeevan Anand Policy is a life endowment plan that offers various benefits to the policy holders. LIC's plan also ensures that it provides insurance cover even after the premium payment tenure is completed. In this policy, by depositing a premium of only Rs 45 per day, the policy holder can earn up to Rs 25 lakh in 35 years. This term policy not only covers bonus and death benefits, but also has extra benefits like accidental death and disability riders for extra security. Additionally, the policy provides flexible premium payment options and also allows surrender of the policy after two years.

If the policy holder dies in an accident, he also gets an additional cover of up to Rs 5 lakh under the policy. Apart from this, if the policy holder becomes disabled due to an accident, then LIC tries to provide relief to the policy holder by paying the insurance amount in installments under this plan, so that his daily needs can be met. The special thing is that no extra charge is levied by LIC for all these extra benefits given under LIC Jeevan Anand.

Special features of LIC Jeevan Anand Plan

1. This policy of LIC gives sum assured and extra bonus. Maturity benefit is paid on survival and the policy remains active.
2. After the death of the policy holder, the Sum Assured gets the nominal amount along with the option of additional top-up cover.
3. A lump sum amount is given at the end of the chosen period. Any person between 18 to 50 years can invest in this plan.
4. The minimum age of this plan is 18 years and maximum age is 50 years. The policy term period is 15 to 35 years and the base sum assured is Rs 1,00,000.
5. Every year a discount of 2 percent is taken in this plan and 1 percent discount is given in half yearly. In this plan of LIC, loan facility is also available after 3 years.

How to deposit Rs 25 lakh?

This policy gives an opportunity to deposit Rs 25 lakh in 35 years by depositing Rs 1,358 every month. This means that you will have to deposit Rs 45 daily. This means that you will have to invest for a long time, between 15 to 35 years. This plan includes two bonuses, which include a total deposit of Rs 5,70,500 after 35 years and a basic sum assured of Rs 5 lakh. On maturity, the policy holder gets a reviser bonus of Rs 8.60 lakh and a final bonus of Rs 11.50 lakh in addition to the deposited amount. To avail these bonuses the policy holder will need to invest for at least 15 years.

Additionally, the policy offers benefits like Accidental Death and Disability Rider, Accidental Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider. In case of death of the policy holder, the nominated person gets 125 percent of the debt benefit. You do not get tax exemption in this policy.