Despite the huge popularity of the stock market, the country’s government insurance company or Life Insurance Corporation (LIC) has retained the trust of its customers. LIC is one of the preferred addresses of Indian investors to secure their future through risk-free investment. There are some schemes or policies (LIC Investment Plans) under this government insurance company that, in addition to securing their future with a small investment, provide a big return at the end of the term. LIC’s Jeevan Anand Policy is at the very top of that list. Today’s report is about it.
Something about LIC Jeevan Anand Policy
This special policy of Life Insurance Corporation gives customers insurance coverage as well as a big return at the end of the term. In a word, the investor’s future will be assured from all sides. Everyone from children to the elderly can invest in this LIC policy. The most notable thing is that by paying a very low premium, you can get a big amount of money at the end of the term. By saving just Rs 340 every week, you can get more than Rs 25 lakh in this policy! But how?
How to get 25 lakhs by saving only 340 rupees?
First of all, let us tell you that the maximum tenure of the Jeevan Anand policy of Life Insurance Corporation is 35 years. The monthly premium of this policy is only 1,358 rupees. That is, if a person saves 340 rupees every week, then at the end of the month it will be 1,360 rupees. From there, by depositing a premium of 1,358 rupees every month, the investor will get a return of more than 25 lakh rupees in 35 years.
In detail, the tenure of this plan is 15 to 35 years. In that case, if a person saves 340 rupees every week and deposits a monthly premium of 1,358 rupees, then the total investment of the investor in 35 years will be 5,70,500 rupees. In this case, according to the rules of this policy, the principal sum assured has been fixed at 5 lakh rupees. In that case, the investor will additionally get a significant bonus of Rs 8.60 lakh and a revision bonus of Rs 11.50 lakh. Adding this, the amount will be more than Rs 25 lakh at the end of the policy term.
It should be noted that the bonuses of the Life Insurance Corporation are available only when the policy term is at least 15 years. That is, if a person breaks his money before 15 years, he will be deprived of the additional bonus on the deposited money. Therefore, if you invest in LIC’s Jeevan Anand policy, you will not be able to touch the deposited money before 15 or 25 years.
