LIC’s Jeevan Anand Policy: This policy offers an opportunity to accumulate Rs 25 lakh in 35 years by depositing Rs 1,358 every month. This is equivalent to a daily deposit of Rs 45, making it a long-term investment scheme lasting from 15 to 35 years.
LIC’s Jeevan Anand Policy is an excellent scheme. In this scheme, you get strong returns along with life cover. Policyholders investing in this scheme continue to get insurance cover even after the completion of the premium payment term. By contributing only Rs 45 per day to this policy, policyholders can accumulate a substantial amount of Rs 25 lakh in a period of 35 years. This term policy not only offers bonuses and death benefits, but also offers additional riders like accidental death and disability rider for additional protection.
Apart from this, the policy also offers the option of flexible premium payment. If you wish, you can surrender the policy after two years. The policy provides an additional cover amount of up to Rs 5 lakh in case of death of a person due to an accident. Also, in cases where the accident results in permanent disability to the policyholder, the plan ensures that regular financial needs are met by paying the sum assured in instalments.
Key Features of LIC Jeevan Anand Policy
- Traditional endowment policy paying the sum assured plus additional bonuses.
- Maturity benefits are paid on survival, and the policy remains active.
- The sum assured is paid to the nominee in case of death of the policyholder.
- Option for additional top-up cover.
- Provides financial protection for the lifetime of the insured.
- A lump sum is provided at the end of the chosen term.
- Minimum entry age for investing in this policy: 18 years; Maximum entry age: 50 years.
- Policy term: 15 to 35 years.
- Basic Sum Assured: Rs 1,00,000.
- Premium discount: 2% for annual payment, 1% for half-yearly
- Loan facility: 3 years after policy commencement.
How to accumulate Rs 25 lakh
This policy offers an opportunity to accumulate Rs 25 lakh in 35 years by depositing Rs 1,358 every month. This is equivalent to a daily deposit of Rs 45, making it a long-term investment scheme lasting from 15 to 35 years. The plan includes two bonuses, taking the total deposit amount to Rs 5,70,500 in 35 years and the basic sum assured of Rs 5 lakh. On maturity, the policy holder is entitled to receive a bonus of Rs 8.60 lakh and a final bonus of Rs 11.50 lakh in addition to the deposit amount. To qualify for these bonuses, the minimum policy term should be 15 years. This policy does not offer tax exemption.
Also Read-
