In this Jeevan Anand policy of LIC, bonus is given twice, but for this your policy must be for 15 years. To get a fund of Rs 25 lakh by depositing Rs 45, you will have to invest for 35 years.
Saving schemes of Life Insurance Corporation of India (LIC) are very popular in terms of both security and returns. In this, policies are available on the basis of every age, from children to the elderly and women, in many of these you can accumulate a huge fund even by investing small amounts. One such scheme is LIC’s Jeevan Anand Policy, in which you can get Rs 25 lakh by saving just Rs 45 per day. Apart from this, many other benefits are also available in this LIC Scheme.
Small savings, big profit
If you want to raise a big fund for yourself at a low premium, then Jeevan Anand policy (LIC Jeevan Anand) can prove to be a great option. In a way, it is like a term policy. You can pay the premium for as long as your policy is in force. In this scheme, the policyholder gets not just one but several maturity benefits. In this scheme of LIC, a minimum sum of Rs 1 lakh is assured, whereas no maximum limit has been fixed.
How to get Rs 25 lakh by depositing Rs 45
In LIC Jeevan Anand Policy, you can get Rs 25 lakh by depositing around Rs 1358 every month. If we look at it accordingly, you will have to save only Rs 45 every day. However, this policy of LIC is seen as a long term plan. Its policy term is 15 to 35 years. That means, if you invest under this policy for 35 years by saving Rs 45 daily, then after the completion of maturity of this scheme, you will get an amount of Rs 25 lakh. If we look at the amount saved by you on an annual basis, it will be around Rs 16,300.
You will get this much amount with bonus
If you invest Rs 16,300 every year in this LIC policy for 35 years, then the total amount deposited will be Rs 5,70,500. Now according to the policy term, the basic sum assured will be Rs 5 lakh, to 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. Bonus is given twice in LIC’s Jeevan Anand policy, but for this your policy must be for 15 years.
These benefits are also included in this scheme
The policyholder taking Jeevan Anand policy does not get the benefit of any tax exemption under this scheme, but in this you get four types of riders. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider. Talking about death benefit, if the policy holder dies due to any reason, then the nominee will get 125 percent death benefit of the policy.
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