LIC Jeevan Anand: This superhit scheme of LIC is a long term investment plan in which double bonus is available. In this, you will be able to raise a fund of Rs 25 lakh by saving just Rs 45 every day.
Everyone wants to save some amount of their income and invest it in a place where they can accumulate a huge fund and their money is safe. 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. LIC has plans available for people of all ages, in which you can accumulate a huge fund by investing a little bit. One such scheme is LIC’s Jeevan Anand Policy, in which you can get Rs 25 lakh by saving just Rs 45 per day. Let’s know the full details about it…
Small savings, big bang
If you want to raise a huge fund for yourself at a low premium, then Jeevan Anand Policy can prove to be a great option for you. In a way, it is like a term plan. You can pay the premium for the time period for which your policy is. 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 by depositing Rs 45
In LIC Jeevan Anand Policy, you can deposit a fund of Rs 25 lakh by depositing about Rs 1358 every month. If you look at it on a daily basis, then you will have to save Rs 45 every day. You will have to do these savings for the long term. Under this policy, if you invest for 35 years by saving Rs 45 a day, then after the maturity of this scheme, you will get an amount of Rs 25 lakh. If you look at the amount saved by you on an annual basis, then it will be around Rs 16,300.
More benefit from double bonus
If you invest Rs 16,300 every year in LIC Jeevan Anand for 35 years, then the total deposit amount will be Rs 5,70,500. Now according to the policy term, the basic sum assured in it 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 this amount. Bonus is given twice in LIC’s Jeevan Anand policy, but for this your policy must be for 15 years.
No tax exemption, but rider-death benefit
The policyholder taking Jeevan Anand policy of Life Insurance Corporation of India is not given the benefit of any kind of tax exemption under this scheme. However, if we look at its benefits, you get four types of riders in it. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider.
Only death benefit has been added in this policy. That is, if the policy holder dies due to any reason, then the nominee will get 125 percent death benefit of the policy. On the other hand, if the policy holder dies before the policy matures, then the nominee gets money equal to the time assured.
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