LIC Amazing Scheme: If you are thinking about investing and are looking for a great scheme that offers maximum returns on minimal investment, then LIC is running a fantastic scheme for you. You can get a substantial return by investing in it. Investing in LIC provides financial security. LIC’s Jeevan Anand policy is one such scheme where you can build a fund of up to ₹25 lakh by investing just ₹45 per day. This policy is especially for those who want the benefits of both life insurance and investment at a low premium.
Learn the details of the Jeevan Anand policy
This policy offers four types of riders. These include the Accidental Death and Disability Rider, Accident Benefit Rider, New Critical Illness Benefit, and New Term Insurance Rider. If the policyholder dies for any reason, the nominee receives 125 percent of the policy’s death benefit. However, there is no tax exemption on investing in this scheme.
A fund of ₹25 lakh with ₹45 per day
If someone starts investing in the Jeevan Anand policy at the age of 30 with a sum assured of ₹5 lakh, they will have to pay a monthly premium of ₹1,341. This premium comes to approximately ₹45 per day. After continuously investing for a period of 35 years, the policyholder will receive ₹25 lakh. This will include ₹5 lakh as sum assured, ₹8.50 lakh as bonus, and ₹11.50 lakh as final additional bonus.
Other benefits of the Jeevan Anand policy
The policyholder will get a minimum risk cover of ₹6.25 lakh, which can increase up to ₹30 lakh. The maturity period can be chosen from 15 to 35 years. The policy offers the benefit of a bonus twice if the policy is for at least 15 years. The sum assured starts at ₹1 lakh, and there is no upper limit.