LIC Jeevan Anand: In this policy, you can get Rs 25 lakh by depositing about Rs 1358 every month. If you look at it on a daily basis, you will have to save Rs 45 every day.
Everyone saves some amount from their income and wants to invest it in such a place where even their small savings can accumulate a huge fund in the future. In this case, the saving schemes of the country’s largest insurance company Life Insurance Corporation of India (LIC) are quite popular in terms of both security and returns. Policies are available in LIC for people of all ages. One such scheme is LIC’s Jeevan Anand Policy, in which you can deposit a huge fund of Rs 25 lakh by saving just Rs 45 per day. Let’s know about it in detail…
You can raise a huge fund at a low premium.
If you want to raise a huge fund for yourself at a low premium, then Jeevan Anand policy can prove to be an excellent option. In a way, it is similar to a term policy. You can pay the premium for as long as you have the policy. In this scheme, the policyholder gets not one but several maturity benefits. In this scheme of LIC, the sum assured is at least Rs 1 lakh, while no maximum limit has been fixed.
How to make 25 lakhs from 45 rupees?
In LIC Jeevan Anand Policy, you can get 25 lakh rupees by depositing about 1358 rupees every month. If we look at it on a daily basis, then you will have to save 45 rupees every day. You will have to do these savings for the long term. Under this policy, if you invest for 35 years by saving 45 rupees every day, then after the maturity of this scheme, you will get an amount of 25 lakh rupees. If we look at the amount saved by you on an annual basis, then it will be around 16,300 rupees.
You get this much amount with bonus If you invest Rs. 16,300 every year in this LIC policy for 35 years, then you will invest a total deposit amount of Rs. 5,70,500. Now according to the policy term, the basic sum assured will be Rs. 5 lakh, with which after the maturity period you will be given a revisionary bonus of Rs. 8.60 lakh and a final bonus of Rs. 11.50 lakh by adding it to this amount. Bonus is given twice in LIC’s Jeevan Anand policy, but for this your policy must be of 15 years.
No tax exemption, still amazing benefits
Let us tell you here that the policyholder does not get the benefit of tax exemption in this LIC Policy. However, apart from this, many types of benefits are available. If we look at the details, it is known that 4 types of riders are available on Jeevan Anand Policy. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider. Death benefit has also been added to this policy.
That is, if the policy holder dies, then the nominee will get 125 percent death benefit of the policy. On the other hand, if the policy holder dies before the maturity of the policy, then the nominee gets money equal to the time assured.
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