Know all About Jeevan Anand LIC Policy
LIC Jeevan Anand Policy: By the way, insurance plans are only for insurance cover. But some policies provide more benefits to the investors.
If you are thinking of investing in such a policy, then the country’s largest and government insurance company Life Insurance Corporation of India (LIC) may be better for you.
LIC has a special scheme, by investing in which you will get good returns along with security. This will be your earning. Know further the complete details of this scheme.
No Risk
The good thing is that there is no risk of any kind in LIC Jeevan Anand policy. Another advantage is that this scheme is perfect if you want good returns without much investment.
You can get a hefty amount by investing in this scheme. This scheme also comes with its maturity benefit.
How Much Return on How Much Investment
The premium for Jeevan Anand scheme will be the same as for any term policy for you. This means that you have to invest (pay premiums) for the term of the policy.
As far as the maturity amount is concerned, if you deposit about Rs 1358 every month in Jeevan Anand scheme, then you will get a fund of Rs 25 lakh. But keep in mind that for this amount you have to invest for the long term.
Will Also Get Bonus
If someone invests in Jeevan Anand scheme for 35 years, then when the scheme matures, he will be given a return of Rs 25 lakh.
If you see the monthly deposit, then you will have to add Rs 45 daily. But investment does not happen everyday. 1358 of the month and on annual basis about 16,300 rupees have to be deposited.
If you deposit this much money for 35 years then the total investment amount will be Rs 5.70 lakh.
How Much Will Be the Basic Sum Assured
The basic sum assured amount in this plan will be Rs 5 lakh. And the revisional bonus will be Rs 8.60 lakh. Similarly, the final additional bonus will be Rs 11.50 lakh.
The important and good thing is that this policy gives the benefit of bonus twice. But for this the policy should be of 15 years.
Tax Exemption is Not Available
If we talk about death benefit, then on the death of the policyholder, his nominee is given 125% of the policy money as death benefit.
If the policyholder passes away before the maturity of the policy, the nominee will be paid an amount equal to the time assured.
In Jeevan Anand policy, it is necessary to have a sum assured of at least one lakh rupees. There is no limit on the maximum sum assured. But keep in mind that under this scheme you will not get any tax rebate.
There Are Other Advantages
Four riders are given with this policy.
These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Illness Benefit Rider. These can be useful riders.
