LIC Investment Plan: LIC, the country’s largest state-owned insurance company, offers special schemes for its customers. A key feature of this company is that it guarantees both a pension and a regular income for investors. Currently, LIC is running an excellent scheme that offers impressive returns with zero risk. We are referring to the ‘LIC New Jeevan Anand Plan’; investors in this scheme receive a bonus not just once, but twice. It has the potential to generate a substantial corpus of ₹25 lakh. Let us look at the calculations involved.

Benefit of a Double Bonus
If you wish to make a modest investment that allows you to save a significant amount while managing household expenses, the LIC Jeevan Anand Plan is an ideal option. LIC offers two types of bonuses under this plan: the ‘Simple Reversionary Bonus’ and the ‘Final Additional Bonus’. The advantage of these bonuses is that they increase the policyholder’s maturity payout. Additionally, you can avail of a loan against the policy if needed.

Insurance Cover Continues After Maturity
The LIC Jeevan Anand Plan offers a multitude of benefits, which contributes to its popularity. A unique feature of this scheme is that, in addition to receiving the maturity corpus, the policyholder continues to enjoy insurance coverage even after the policy matures. You can reap the benefits of both a substantial fund and life insurance within a single scheme.

Build a Fund of Lakhs by Saving ₹45 Daily
With this LIC policy, you can accumulate a fund of ₹25 lakh by depositing ₹1,358 per month (which works out to ₹45 per day). To achieve this, you will need to invest for the long term. If you continue investing in the plan for 35 years, you will receive a total of ₹25 lakh upon maturity. The maturity amount depends on the policy term, age, and bonuses.

Detailed Bonus Calculation
If you opt for a Sum Assured of ₹5 lakh under the LIC Jeevan Anand plan, an investment of ₹45 per day over a 35-year tenure results in a total contribution of ₹5.70 lakh. Additionally, you will receive a bonus of ₹8.60 lakh and a final additional bonus of ₹11.50 lakh, effectively providing the benefit of a double bonus.

Policy Benefits
Regarding other benefits, if the policyholder passes away for any reason, the nominee receives a death benefit amounting to 125% of the sum assured. Furthermore, if the policyholder’s death occurs before maturity, the nominee receives an amount equal to the sum assured. Riders such as Accidental Death and Disability, Accident Benefit, New Term Assurance, and New Critical Illness Benefit are offered; however, tax benefits are not provided.