LIC Jeevan Anand Policy: The Life Insurance Corporation of India has been considered the most trusted insurance option for years. Millions of people across the country trust LIC’s plans due to their security, reliability, and stable returns. The Jeevan Anand policy is specifically designed for those seeking a secure future at a low premium.
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Why is the LIC Jeevan Anand Policy Special?
The Jeevan Anand policy offers insurance coverage along with the benefits of savings and maturity returns. This plan is available to everyone, from children to senior citizens. The low premium helps investors invest for the long term with less financial burden.
A corpus of ₹25 lakh will be created with ₹45 a day
Investing in this policy requires a monthly deposit of approximately ₹1,358. This means that by saving approximately ₹45 a day, you can build a substantial corpus. The term of this plan ranges from 15 to 35 years, with the 35-year term offering the highest returns.
Detailed Investment and Return Calculation
A total investment of approximately ₹570,500 is made over 35 years. The basic sum assured is fixed at ₹5 lakh as per the policy rules. Additionally, the policyholder receives two significant bonuses: a revisionary bonus of approximately ₹8.60 lakh and a final bonus of approximately ₹11.50 lakh. Adding these, the maturity amount reaches approximately ₹25 lakh.
Bonus Benefits and Essential Conditions
The bonus benefit is available only if the policy term is at least 15 years. The bonus is separate from the policy’s accumulated amount. This additional return provides investors with significant long-term benefits.
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Additional Benefits in the Policy
Several additional riders can be added to this plan, including accidental death benefit, disability rider, new term insurance rider, and critical illness rider. In the event of the policyholder’s death, the nominee receives 125% of the death benefit. However, this policy is not tax-free under the Income Tax Act.