Life Insurance Corporation of India is the largest and oldest insurance company in India. A large number of people invest money in this and secure their future. The biggest advantage of investing in LIC is that it is free from market risk and helps in giving better returns to the investors.
Here we are going to tell you about the oldest and best insurance policy of LIC. The name of this policy is- LIC Jeevan Anand Policy.
This plan is made up of a combination of policy endowment and life plan. By investing money in this policy, you definitely get a return at the end of the policy. Along with this, you also get the cover of life insurance.
By investing in LIC Jeevan Anand policy, you get better returns on survival. Along with this, on the death of the insured, his family gets financial assistance. In this policy, you get the benefit of life cover of about 125 percent of the sum assured.
By investing in this policy, the investor will get a total minimum sum assured of Rs 1 lakh. There is no limit on the maximum sum assured. The investment in this policy also gets the benefit of sum assured. Let us tell you that if your age is between 18 to 50 years, then you can invest in this policy.
If you buy this policy at the age of 47 years and the tenure of the policy is 27 years and get a sum assured of Rs 8 lakh, then you will have to pay a premium of Rs 39,736. This will be the annual premium. Every day you have to deposit only Rs 108. Keep in mind that you will have to pay this amount from the second year onwards. In the first year, the insured will have to deposit Rs 40,611.
After 27 years of insured, the policyholder will get about Rs 23.29 lakh. Life time risk cover of Rs 8 lakh is also available with this amount.
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