Today, we want to share details about a fantastic policy offered by LIC, known as the Jeevan Anand Policy. This policy provides the opportunity to receive double bonuses on your investments.
Jeevan Anand Policy is a premium term policy, which means you only need to pay premiums for the duration of the policy. The best part about this plan is that you can build a fund of 25 lakhs by saving just a small amount of money. Let’s dive into the details of this policy:
With this policy, you can save a substantial sum of money for your future. While there are several options available in the market to generate larger funds by investing less, it is crucial to review all of them before making any investment. This step is important because some schemes not only help your money grow over time but also provide additional benefits.
Investing Made Easy: LIC’s Jeevan Anand Policy
Investing in the Jeevan Anand Policy is a straightforward process. If you wish to invest in this scheme, you will need essential government documents. Having an Aadhaar card and a bank account is sufficient to apply for this policy without any hassle.
Save Rs 45 Daily
To invest in this policy, you need to save Rs 45 per day, which amounts to Rs 1,358 monthly. By making these small savings, you can accumulate a fund of Rs 25 lakh upon maturity. This requires a long-term commitment, and you can choose a maturity period of up to 35 years. Additionally, you have the option to deposit Rs 16,300 annually. By investing this amount in the scheme for 35 years, you will receive Rs 25 lakh upon maturity.
Benefits You’ll Receive
The Jeevan Anand Policy offers death benefit and rider benefit. In the unfortunate event of the policyholder’s demise before maturity, the nominee will receive a death benefit of up to 125%. The minimum sum assured in this scheme is Rs 1 lakh, and there is no maximum limit.
Moreover, the policy provides various rider benefits, including Accidental Death and Disability Rider, Accident Benefit Rider, New Term Rider, New Term Insurance Rider, and New Critical Illness Benefit. It’s important to note that this scheme does not offer any tax exemption.