Best LIC Policy: People trust a lot on LIC’s policy. If you are also thinking of investing in any LIC policy, then we are going to tell you a great policy. On investing in this policy, you will have to deposit Rs 76 daily. On maturity of the policy, you will get more than Rs 10 lakh.
New Delhi. Best LIC Policy: Life Insurance Corporation of India (LIC) keeps on offering excellent schemes from time to time for its customers. People rely on LIC’s policy to invest. If you are also thinking of investing in any LIC policy, then we are going to tell you the best policy for you. This policy offers the benefit of term insurance for life time (100 years) along with maturity benefit. If the policyholder dies even after maturity, then the nominee gets the benefit of Sum Assured separately. Let’s know the complete details of this policy
The name of this great policy is Jeevan Anand Policy. Anyone above the age of 18 years can invest in this policy. This is a non-linked policy. Meaning, this money cannot be invested in the stock market, due to which the risk factor is also negligible. The minimum sum assured of this policy is Rs 1 lakh. At the same time, there is no upper limit of maximum sum assured. The premium term and policy term are same for Jeevan Anand policy. Meaning, for the number of years the policy is in place, the premium will have to be paid for the same number of years. People in the age group of 18 to 50 years are eligible for this policy. Apart from this, the maximum maturity age is 75 years. The policy term is from 15 to 35 years.
This way you will get 10 lakh rupees
According to the LIC Premium Calculator, if you buy a sum assured of Rs 5 lakh at the age of 24 years and the policy term is 21 years, your annual premium will be Rs 26,815. Half yearly premium will be Rs 13548, quarterly premium will be Rs 6845 and monthly premium will be Rs 2281. In 21 years you will deposit Rs 563705 and based on the existing bonus you will get 10 lakh 33 thousand rupees on maturity. At the same time, a risk cover of Rs 5 lakh will also be available.
Benefits of two types of bonuses
In this policy, you get two types of bonus. The older the policy, the greater the benefit of vested simple revisionary bonus. At the same time, it is necessary for the policy to be of 15 years to avail the additional bonus. Talking about the death benefit, if the policyholder dies during the policy term, then 125% of the sum assured as death benefit will get. If the benefit of bonus is eligible, then its benefit will also be available. If the policyholder dies after the policy term, then the nominee will get the sum assured amount. Sum assured on maturity is available with bonus. After that whenever the policyholder dies, his family will get the sum assured again.
These documents will be needed
If you are planning to invest in this policy, then you will need some documents. These include address proof, birth certificate, PAN card, Aadhar card documents. Apart from this, you will also have to do KYC of the policy according to the new rules.
