The right investment is the one which not only gives good returns but also keeps our money safe. The New Jeevan Anand Policy of Life Insurance Corporation of India lives up to all these things. In this, where the money remains safe, it also becomes a good fund for the future.
New Delhi. If you also want to make a good fund for the future by investing less, then you should take the New Jeevan Anand Policy of Life Insurance Corporation of India (LIC). In this policy, along with getting Rs 10 lakh on maturity, the insured also gets lifetime death cover, and tax exemption. To make a corpus of Rs 10 lakh, you have to invest Rs 2190 in it every month.
The new Jeevan Anand policy can be taken by an individual from the age of 18 to 50 years. The minimum term of this policy is 15 and maximum is 35 years. There is no limit on the sum assured in this. LIC also gives many options to the policyholder to pay the premium in this plan. You can pay the installment of New Jeevan Anand policy annually, half yearly, quarterly or even monthly.
This is how a fund of 10 lakhs will be made
If you buy this policy at the age of 24 years with a sum insured of Rs 5 lakh, then you will have to deposit about Rs 26815 annually. If we look at the basis of a day, then it is about Rs 73.50 per day and Rs 2190 according to the month. If you have taken the policy for 21 years, then your total investment will be close to 5.63 lakhs, in which you will get more than Rs 10 lakhs with bonus at the time of maturity. This will be available in the form of Sum Assured, Simple Reversionary Bonus and Final Additional Bonus.
Tax exemption
In this policy of LIC, you also get the benefit of income tax exemption. In this, tax benefit is available under section 80C of the Income Tax Act. There is no tax to be paid on the amount received at the time of maturity or death. Not only this, you can also take a loan on this policy. Let us tell you that if you take a loan during the premium period, then the maximum credit will be up to 90 percent of the surrender value.
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