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Life Policy: Life Insurance Corporation of India (LIC) offers many beneficial policies keeping in mind the needs of its customers. One such special policy is LIC Jeevan Anand Policy in which you can create a fund of up to Rs 10 lakh by saving less than Rs 100 daily. This policy is the best option for safe investment.
How to invest?
To start investing in this policy, you must be at least 18 years of age. You can become a part of this scheme by saving just Rs 80 daily.
Investing and calculating returns
annual premium: Rs 27,000
i.e. monthly premium: Rs 2,300. If calculated on daily basis then it will be Rs 80 per day.
total investment: Approximately Rs 5.60 lakh in 21 years
Returns on Maturity: 10 lakh rupees
Benefits of Double Bonus
In this policy, the investor also gets the benefit of bonus along with returns. This includes an insurance cover of Rs 5 lakh and a revisional bonus of Rs 8.60 lakh. If you invest in this scheme for 15 years, you get the benefit of double bonus.
Other benefits of the policy
Insurance cover against accidental death
Disability and critical illness cover
Benefits of term assurance
On the death of the policyholder, 125% of the sum assured will be given to the nominee.
Why choose this policy?
LIC Jeevan Anand Policy not only gives a huge corpus on maturity, but it also gives financial security to you and your family. This plan is best for those who want to build a big fund with less investment.