Life Insurance Corporation of India (LIC), the country’s biggest insurance provider, offers a variety of savings and insurance schemes to help you grow your money safely. If you are looking for an investment plan that ensures safety, returns, and a substantial corpus for the future, LIC’s Jeevan Anand Policy could be the right choice. With this plan, you can accumulate a fund of Rs 25 lakh by saving just Rs 45 daily. This scheme not only provides insurance coverage but also offers multiple bonuses and benefits on maturity.
Why Choose LIC Jeevan Anand Policy?
The Jeevan Anand Policy is one of LIC’s most popular plans because it combines the benefits of both a savings plan and life insurance. It’s a great option for those looking to invest a small amount regularly while ensuring financial security for their families.
Save Small, Earn Big
If you’re someone who wants to build a large savings corpus with minimal investment, Jeevan Anand is an excellent option. By saving Rs 45 per day (around Rs 1358 per month), you can accumulate a fund of Rs 25 lakh at the end of the policy term.
Here’s a breakdown of how it works:
- Daily savings: Rs 45
- Monthly savings: Rs 1358
- Annual savings: Rs 16,300
- Investment term: 35 years
By saving Rs 45 daily for 35 years, the total contribution over this period will be Rs 5,70,500. This small regular investment will turn into a substantial Rs 25 lakh corpus at the end of the policy.
Attractive Bonuses and Multiple Benefits
LIC’s Jeevan Anand Policy is not just about the maturity amount. It also offers attractive bonuses that boost your overall returns. The policy offers two types of bonuses:
- Revisionary Bonus: Rs 8.60 lakh
- Final Bonus: Rs 11.50 lakh
In total, these bonuses significantly increase the maturity amount. For a policyholder investing for 35 years, the basic sum assured will be Rs 5 lakh, which grows due to the bonuses, resulting in a final amount of Rs 25 lakh.
Death Benefit and Riders
Jeevan Anand policyholders also enjoy robust life insurance coverage. In case of the policyholder’s untimely demise, the nominee will receive 125% of the sum assured. For example, if the policyholder has a basic sum assured of Rs 5 lakh, the nominee will receive Rs 6.25 lakh upon the policyholder’s death.
Additionally, the policy includes several optional riders that offer extra benefits, such as:
- Accidental Death and Disability Rider
- Accident Benefit Rider
- New Term Insurance Rider
- New Critical Illness Rider
These riders provide additional protection for the policyholder and their family, ensuring a comprehensive financial safety net.
No Tax Exemptions Under This Policy
It’s important to note that LIC’s Jeevan Anand Policy does not offer tax benefits. Despite this, the policy’s long-term benefits, including the substantial maturity amount, bonuses, and death coverage, make it a smart choice for those looking to invest in a secure financial plan.
How to Get Started
If you’re interested in building a large corpus with a minimal investment, LIC’s Jeevan Anand Policy offers a perfect solution. By saving just Rs 45 daily and investing long-term, you can ensure financial security for yourself and your family, while also earning attractive bonuses.
