look news india
Everyone wants to save some part of their income and invest it in a place where they can collect a big fund and their money remains safe. In such a situation, the savings plans of the country's largest insurance company, Life Insurance Corporation of India (LIC), are very popular in terms of both security and returns. LIC has plans available for people of all ages, in which you can accumulate a big fund by investing little by little. One such scheme is LIC's Jeevan Anand Policy, in which you can get Rs 25 lakh by saving just Rs 45 daily. Let us know complete information about it…
Small savings, big bang
If you want to raise a big fund for yourself at a low premium, then Jeevan Anand Policy can prove to be a great option for you. In a way it is like a term plan. You can pay the premium for the period for which your policy is in force. In this scheme, the policyholder gets not just one but multiple maturity benefits. The sum assured in this scheme of LIC is at least Rs 1 lakh, while no maximum limit has been fixed.
How to make Rs 25 lakh by depositing Rs 45?
In LIC Jeevan Anand Policy, you can accumulate a fund of Rs 25 lakh by depositing around Rs 1358 every month. If seen on daily basis, you will have to save Rs 45 every day. You will have to make this saving for the long term. Under this policy, if you save Rs 45 daily and invest for 35 years, then after the maturity of this scheme you will get an amount of Rs 25 lakh. If we look at the amount saved by you on an annual basis, it will be around Rs 16,300.
More profit from double bonus
If you invest Rs 16,300 every year in LIC Jeevan Anand for 35 years, the total deposit amount will be Rs 5,70,500. Now according to the policy term, the basic sum assured will be Rs 5 lakh, with which after the maturity period you will be given a revisionary bonus of Rs 8.60 lakh and by adding this amount, you will be given a final bonus of Rs 11.50 lakh. Bonus is given twice in LIC's Jeevan Anand policy, but for this your policy should be for 15 years.
No tax exemption, but rider-death benefit
The policyholder taking Jeevan Anand policy of Life Insurance Corporation of India is not given the benefit of any tax exemption under this scheme. However, if we look at its benefits, you get four types of riders in it. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider.
Only death benefit has been added to this policy. That is, if the policyholder dies due to any reason, the nominee will get 125 percent death benefit of the policy. Whereas if the policyholder dies before the policy matures, then the nominee gets money equal to the insured period.