New Delhi: There are many schemes across the country that can help people build significant wealth. By joining such excellent schemes, you can accumulate a substantial fund for your future without any hassle. LIC offers a variety of plans, many of which are highly popular due to the security they provide while also offering impressive returns. Whether for children, the elderly, or women, LIC provides policies tailored to every age group.
Through these, you can accumulate a large fund by making small, periodic investments,s all without any complications. You may have heard of LIC’s ‘Jeevan Anand’ policy; it offers the potential to secure up to ₹25 lakh upon maturity. Furthermore, the investment comes with a range of additional benefits.
A Truly Special Scheme
LIC’s ‘Jeevan Anand’ policy is, in many ways, unmatched and serves as an excellent option. It functions similarly to a term policy, where you pay premiums for the entire duration of the plan. This plan offers multiple maturity benefits. It comes with a minimum sum assured of ₹1 lakh, with no upper limit defined for the investment amount.
With the LIC ‘Jeevan Anand’ policy, you can build a fund of ₹25 lakh by investing approximately ₹1,358 per month,th which breaks down to a daily saving of just ₹45. This policy is designed as a long-term investment plan. The policy term ranges from 15 to 35 years. If you invest for a 35-year term by saving ₹45 daily, you can easily receive ₹25 lakh upon the policy’s maturity. This amounts to an annual saving of approximately ₹16,300.
A Substantial Payout with a Double Bonus
LIC’s Jeevan Anand plan offers significant benefits. By investing ₹16,300 annually in this LIC policy for 35 years, you would accumulate a total investment of ₹5,70,500. Under the terms of the policy, the basic sum assured is ₹5 lakh. Upon maturity, you will receive this amount supplemented by a revisionary bonus of ₹8.60 lakh and a final bonus of ₹11.50 lakh. Furthermore, the LIC Jeevan Anand policy provides bonuses twice; for this, the policy must have been in effect for at least 15 years.
Benefits Offered by the Plan
LIC’s Jeevan Anand policy provides several major advantages. In addition to tax exemptions, the policy offers investors four types of riders: the Accidental Death and Disability Rider, the Accident Benefit Rider, the New Term Insurance Rider, and the New Critical Illness Benefit Rider. Regarding the death benefit, should the policyholder pass away for any reason, the nominee is entitled to a death benefit equivalent to 125% of the sum assured.
