LIC Savings Scheme: If you want to invest your savings securely, this scheme could be very useful. It allows you to build a substantial corpus with a small investment while also providing life insurance coverage. Operated by LIC, this scheme is currently very popular among the public. It is claimed that by saving just ₹45 a day, you can accumulate a significant fund, alongside enjoying the benefits of an easily accessible insurance cover.
Discover LIC’s Excellent Scheme
We are referring to LIC’s ‘Jeevan Anand’ policy. This endowment plan offers the dual benefits of savings and insurance. If the policyholder survives until the policy matures, they receive a lump-sum amount. In the event of an unfortunate incident, the family receives the insurance payout. With an investment of just ₹45 per day, one can build a fund of ₹25 lakh, making this an excellent option for the middle class.
How Much Money Will You Get on Maturity?
To understand this impressive LIC scheme: if a person invests approximately ₹1,300 to ₹1,400 per month (or ₹45 daily) over a long term—such as 30 to 35 years—they can receive a sum of around ₹25 lakh upon maturity. The final amount depends on the policy term, the individual’s age, and applicable bonuses.
Key Features of the Policy
A standout feature of this LIC policy is its dual benefits. On one hand, it helps you build a substantial corpus over the long term. On the other hand, the life cover continues even after the policy term ends, meaning insurance protection remains in place post-maturity. This provides investors with a twofold advantage, setting this scheme apart from others. Investors Receive Bonus Benefits
Investors in this LIC scheme also benefit from bonuses; LIC periodically awards bonuses to its policyholders. This further increases the maturity amount. Additionally, you can take a loan against the policy if needed.
Guaranteed Returns for Investors
This LIC scheme is particularly suitable for individuals who want to build a substantial corpus for the future with safe, guaranteed returns on a small investment. It can be an excellent option for middle-class families, as the scheme involves low risk for investors and helps build a significant fund over the long term.
Points to Consider Before Investing
However, it is important to understand that ₹45 per day is only an estimate. The actual premium will depend on your age, the policy term, and the coverage amount. Therefore, gather complete information before investing in any scheme; consulting a financial expert is also highly recommended. While this LIC policy offers the opportunity to build a large fund and ensures lifelong protection through small investments, it requires consistent, long-term investment.