Are you thinking of investing for a secure future, but do not want to deposit a large amount at once? Then Life Insurance Corporation of India (LIC)’s Jeevan Anand Policy can prove to be a great and easy option for you. In this great plan, you can create a fund of up to ₹ 20 lakh by depositing only around ₹ 200 every day. Not only this, there are many other attractive benefits in this policy, which make it even more special. So if you also want more profit and security in less investment, then LIC’s Jeevan Anand Policy can be a powerful option for you.
How does this plan work
Jeevan Anand Policy is a Term Maturity Plan, in which you have to pay a premium for a fixed period. Suppose, you are 21 years old and you decide to deposit a premium for 30 years. For this, you will have to pay a premium of around ₹5922 every month, which is approximately ₹197 per day. It may be a little higher in the first year, but from the second year, it will decrease to around ₹5795 per month (₹193 per day). This policy gives you the freedom to choose the term and sum assured as per your financial goals.
Easy way to build a big fund
In Jeevan Anand’s policy, you can easily build a fund of up to ₹20 lakh by depositing less than ₹200 every day. However, if you want to build an even bigger fund, you will have to invest a little more. The minimum sum assured in this plan is ₹1 lakh, and there is no maximum limit. You can build a large fund as per your convenience and need. This policy gives you a great opportunity to save for the long term and ensure a secure future.
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Pay special attention to age and time limit
The most important thing in this plan is your age and the investment period. For example, if you are 21 years old, and you want to create a fund of ₹20 lakh, then you will have to invest ₹5922 every month for 30 years, i.e. about ₹197 per day. From the second year, this premium will be slightly reduced to ₹5795 per month. If you are younger and you invest for a longer period, you can create a large fund even at a lower premium. Therefore, the sooner you start investing, the more benefits you will get.
What will be the benefits of death and maturity
This is a term maturity plan, in which you have to pay a premium for the number of years for which you have chosen the plan. For example, in a 30-year plan, you will have to pay a premium for 30 years. If the policyholder dies during this period, the nominee gets 125% of the original sum assured or 105% of the premiums deposited till death, whichever is higher. If the policyholder survives till the completion of the policy term, he gets the sum assured as well as the accumulated bonus as a maturity benefit.
Bonus and loan facilities are also available
You can also get a bonus under this scheme. If you deposit about ₹ 200 per day for 30 years, you can also get a bonus of up to ₹ 30 lakh. This bonus increases your maturity amount even more. Apart from this, the facility of taking a loan is also available on this policy, so that you can get financial assistance based on your policy if needed. This policy provides you with financial security as well as liquidity in times of need.
Who can take this plan
This policy is available for anyone aged between 18 and 50 years. You can pay the premium on a monthly, quarterly, half-yearly, or yearly basis at your convenience. The policy term can be between 15 and 35 years. If you are planning for financial security and a large fund in the future, then LIC’s Jeevan Anand policy can prove to be a great option for you. This is a smart investment, through which you can make your dreams come true by creating a large fund even with a small amount.
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