Life Insurance Corporation of India ( LIC ) is very popular in the insurance sector. People often choose to invest in LIC insurance or policies because they offer solid returns along with a sense of security. There are various plans available to cater to everyone, from seniors to kids. Investing in LIC can yield good returns, but some folks shy away due to the high premiums. Fortunately, there are LIC schemes that provide decent returns with lower premiums. Today, let’s dive into LIC’s Jeevan Anand policy. With this plan, you can build a fund of Rs 25 lakh by saving just Rs 45 a day.
The LIC Jeevan Anand Policy is a fantastic choice for those looking for high returns without breaking the bank on premiums. It’s a term policy that comes with several maturity benefits for the policyholder. The minimum sum assured is Rs 1 lakh, and there’s no cap on how much you can secure.
To benefit from this policy, you need to contribute Rs 1358 each month, which translates to just Rs 45 a day, leading to a potential payout of Rs 25 lakh. This is a long-term investment plan, requiring a commitment of 15 to 35 years. If you stick with it for the full 35 years, you’ll receive Rs 25 lakh upon maturity, allowing you to save up to Rs 16,300 each year.
In this plan, you can receive a bonus twice. By investing Rs 16,300 each year for 35 years, you will have contributed a total of Rs 5,70,500. According to the policy guidelines, the basic sum assured is Rs 5 lakh. Upon maturity, the policyholder will receive a revisionary bonus of Rs 8.60 lakh along with a final bonus of Rs 11.50 lakh. This bonus is in addition to the total amount you have deposited. Keep in mind that to qualify for this bonus, your policy needs to be active for at least 15 years.
1. This plan includes benefits such as Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider, and New Critical Benefit Rider.
2. In the event of the policyholder’s death, the nominee will receive a death benefit of 125 percent.
3. Please note that this policy does not offer tax exemption benefits.
