LIC Scheme Update – LIC operates several welfare schemes across the country, which receive a good response from the public. If you are also looking for a savings plan, then don’t delay. LIC’s Jeevan Anand policy will be a great option for you. You can earn bumper profits by investing in the Jeevan Anand policy.

You will have to invest initially, and you can get a strong return in just a few years. Don’t miss this opportunity to join the scheme. If you want a lump sum benefit of up to Rs. 25 lakhs, you can first learn about the details of the scheme.

Bumper Benefits at Low Premiums

You’ll be happy to know that people are often quite worried about the premium amount when taking out an insurance policy. The Jeevan Anand policy is quite special. It doesn’t put a heavy burden on the common man’s pocket. Let’s say you are 35 years old and you choose a sum assured of Rs. 5 lakhs, then you will have to take the policy for 35 years.

This will require you to pay a premium of Rs. 16,300 every year. Every month, this is approximately Rs. 1400 per month. This means a saving of approximately Rs. 45 to 46 per day. ​​Over this entire period, you will deposit a total of approximately Rs. 5.70 lakhs. In addition, when the policy matures, you will receive a lump sum of approximately Rs. 25 lakhs based on the current bonus rates. This includes a basic sum assured of Rs. 5 lakhs, a vested simple reversionary bonus of Rs. 8.60 lakhs, and a final additional bonus of Rs. 11.50 lakhs.

Tax Savings Too

One benefit of investing in the New Jeevan Anand policy is tax exemption. When you pay the premium, you get a deduction under Section 80C of the Income Tax Act. Along with this, the amount received on maturity and the death benefit are also completely tax-free under Section 10.

This policy comes in very handy when you need it. Most importantly, you can also avail a loan against it after the first two years. If you forget to pay your premium, a grace period is also available. There is a 15-day grace period for monthly premiums and 30 days for other payment modes. This policy is available to individuals aged 18 to 50 years.