The Life Insurance Corporation of India offers multiple schemes, with the LIC Jeevan Anand policy being crucial.
The minimum investment for this policy is 1 lakh rupees, and there is no maximum limit. By investing 45 rupees daily in this scheme, you can receive 25 lakhs after maturity.
Investment options vary in terms of risk and returns. LIC is an excellent option for high benefits without significant risk, making their schemes very popular.
One such scheme is the LIC Jeevan Anand Policy. Investing 45 rupees per day in this policy can result in a lump sum of 25 lakh rupees after maturity.
This policy can be availed for at least one lakh rupees, with no maximum limit. It is a term policy with four types: Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider, and New Critical Benefit Rider.
In the unfortunate event of the policyholder’s death, the nominee will receive 125 percent of the death benefit, and the best part is, this benefit is tax-free. This feature ensures that your loved ones receive the full benefit, providing them with financial security.
This policy is available to individuals between the ages of 18 and 50. Its maximum maturity age is 75. The minimum policy tenure is 15 years, while the maximum is 35 years.
With the LIC Jeevan Anand policy, you have the flexibility to make premium payments monthly, quarterly, half-yearly, or annually.
This allows you to manage your financial commitments according to your convenience. The policy can be terminated after two years, and the surrender value will be paid at the time of closure.
The monthly premium for a 5 lakh policy as part of the LIC Jeevan Anand policy is Rs 1358. This amounts to a daily payment of only 45 rupees and an annual payment of Rs 16,300. Over 35 years, this yearly payment will accumulate to Rs 5,70,500.
In addition to the accumulated premium, an additional bonus of 8.50 lakhs will be received after 35 years. Furthermore, a bonus of 11.50 lakhs will be added, resulting in 25 lakhs after the maturity of 35 years.