LIC Jeevan Anand Scheme: By depositing Rs 1358 every month in this policy, you can get Rs 25 lakh
LIC Jeevan Anand Scheme: Everybody sets aside a portion of their salary for investments, hoping that even modest sums may grow into substantial sums in the future. In this instance, the savings plans offered by Life Insurance Corporation of India (LIC), the biggest insurance provider in the nation, are very well-liked due to their security and yield. LIC offers policies for individuals of various ages. One such program is the Jeevan Anand Policy offered by LIC, which allows you to save only Rs 45 a day and build up a substantial corpus of Rs 25 lakh. Let’s learn more about it in depth.
You will be able to raise a substantial amount of money at a little cost
Jeevan Anand Policy may be a great choice if you want to accumulate a sizable sum for yourself at a reasonable premium. It is comparable to a term policy in several aspects. You may pay the premium for as long as your insurance is in effect. The policyholder receives many maturity benefits under this plan. There is no upper limit set for this LIC plan, however the value insured is at least Rs 1 lakh.
How can I turn 45 rupees into 25 lakhs?
You may get 25 lakh rupees under the LIC Jeevan Anand Policy by making a monthly contribution of around 1358 rupees. You will need to save forty-five rupees per day if you look at it every day. These are long-term savings that you will need to make. If you invest for 35 years under this insurance, saving 45 rupees a day, you would get 25 lakh rupees when the program matures. If you calculate the money you save each year, it comes to around Rs 16,300.
You get this much in bonuses
You would deposit a total of Rs 5,70,500 if you invest Rs 16,300 year in this LIC insurance for 35 years. According to the policy term, the basic sum insured will now be Rs 5 lakh. This amount will be added to the revisionary bonus of Rs 8.60 lakh and the ultimate bonus of Rs 11.50 lakh that you would get during the maturity period. LIC’s Jeevan Anand insurance offers two bonuses; however, you must have a 15-year policy to qualify.
No tax exemption, but still plenty of advantages
We would like to inform you that this LIC policy does not provide the policyholder with the advantage of tax exemption. Other than this, however, there are a variety of advantages. According to Jeevan Anand Policy, there are four different kinds of riders, as can be seen from the facts. These consist of the New Term Insurance Rider, the Accident Benefit Rider, the Accidental Death and Disability Rider, and the New Critical Benefit Rider.
This insurance now includes a death benefit as well. In other words, the nominee will get 125 percent of the policy’s death benefit in the event that the policyholder passes away. In addition, the nominee receives payment equivalent to the period insured if the policyholder passes away before the policy matures.
