LIC Jeevan Anand Scheme: There are many such schemes of LIC which are very much liked by the investors. However, many people are not able to take the policy only because their premium seems very expensive. One such policy is Jeevan Anand. In this, you can collect a fund of lakhs of rupees by investing 45 rupees daily. Know, what is this scheme:
LIC Jeevan Anand Scheme: Many people invest in Life Insurance Corporation of India i.e. LIC to create a big fund. At the same time, by investing in it, if something untoward happens in life, the family gets a lump sum amount which they can use in their livelihood. However, many people stay away from investing in LIC because they feel that its premium is very high. In such a situation, you may like the policy named Jeevan Anand of LIC. The special thing about this policy is that you can create a fund of Rs 25 lakh by investing just 45 rupees daily.
The most special thing about Jeevan Anand policy is that it offers many other benefits. Actually, it is a kind of term policy. There are four types of riders available in this policy. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider. If the policyholder dies due to any reason, then the nominee gets 125 percent death benefit of the policy. Keep in mind here that the policyholder does not get the benefit of any kind of tax exemption on investing in this policy.
How to create a fund of 25 lakhs from 45 rupees
Suppose your age is 30 years. You will have to take this policy of sum assured of Rs 5 lakh. In such a situation, you will have to pay a premium of Rs 1341 per month in it. On a daily basis, this premium will be around Rs 45. You will have to invest in it for 35 years. After 35 years, you will get Rs 25 lakh. In this 25 lakh rupees, Rs 5 lakh will be sum assured, Rs 8.50 lakh will be bonus and about Rs 11.50 lakh will be final additional bonus. In this way, you will get a total of Rs 25 lakh.
What other benefits will you get from Jeevan Anand policy?
- In this, the policy holder will get a risk cover of at least Rs 6.25 lakh. This can increase up to Rs 30 lakh.
- The maturity period in this is from 15 years to 35 years. You can choose the maturity period as per your convenience.
- In this policy, bonus is given twice, but for this your policy must be for 15 years.
- It has a minimum sum assured of Rs 1 lakh. There is no maximum limit.
- Investing in this policy does not provide the benefit of income tax exemption.
