People value the Life Insurance Corporation of India (LIC) schemes for their security and returns.
One popular option is the Jeevan Anand Scheme, where you can potentially raise up to Rs 25 lakh by investing just Rs 45 per day. This scheme also offers several additional benefits.
Key Features of the Jeevan Anand Scheme
The Jeevan Anand Scheme is a term policy that provides four types of riders:
Accidental Death and Disability Rider
Accident Benefit Rider
New Term Insurance Rider
New Critical Benefit Rider
Death Benefit and Tax Information
If the policyholder passes away for any reason, the nominee will receive 125% of the death benefit of the policy.
However, this scheme does not offer any tax exemption benefits to the policyholder.
Investment and Maturity Details
By investing Rs 45 daily in the Jeevan Anand Policy, you can accumulate up to Rs 25 lakh. The annual investment required is Rs 16,300, with a maturity period ranging from 15 to 35 years.
For example, if you invest Rs 45 per day for 35 years, you will receive Rs 25 lakh upon maturity.
Benefits After 35 Years
With a daily investment of Rs 45 over 35 years, the total deposit will amount to Rs 5,70,500.
The policy provides a basic sum assured of Rs 5 lakh. Upon maturity, you will receive a revisionary bonus of Rs 8.60 lakh
and a final bonus of Rs 11.50 lakh, totaling Rs 25 lakh. Bonuses are awarded twice, but your policy must be active for at least 15 years.
Additional Benefits
Risk Coverage: The policyholder gets a risk cover of at least Rs 6.25 lakh, which can increase up to Rs 30 lakh.
Policy Term: The term ranges from 15 to 35 years, allowing flexibility in choosing the maturity period.
Bonuses: Bonuses are provided twice, given that the policy is held for a minimum of 15 years.
Sum Assured: The minimum sum assured is Rs 1 lakh, with no maximum limit.
