LIC Policy Holders are in for a treat with the launch of a new lottery scheme that offers them a chance to win a whopping Rs 25 lakhs.
Among the various policies offered by LIC (LIC Policy Status), the LIC Jeevan Anand Policy stands out, providing an opportunity to build a substantial fund by investing just Rs 45 per day.
The best part is that the prize money can be utilized for any purpose. Read on to learn more about this remarkable policy and how to participate.
Required Documents
To avail the benefits of this LIC scheme, interested individuals must possess certain government-issued documents such as Aadhaar Card and a Bank Account.
These documents are essential for a smooth purchase of the policy. The scheme aims to be accessible to all, including laborers, street vendors, and rickshaw pullers, with the central government specially designing it to cater to their needs.
Key Features of the Policy
- The policy is known as Jeevan Anand Policy.
- In the event of the policyholder’s demise during the policy term, a 125% return is provided under the scheme as Death Benefit.
- The policy also offers bonus benefits.
- The minimum sum assured amount in this policy is one lakh rupees.
- There is no maximum investment limit for this policy.
Accumulating Rs 25 Lakhs
To build a fund of Rs 25 lakhs by depositing Rs 45 per day, individuals need to save Rs 45 daily. This translates to an investment of Rs 1358 per month, making it accessible for individuals from various income brackets.
The policy allows for a maturity period of up to 35 years, enabling long-term savings. By investing just Rs 16,300 annually over a span of 35 years, policyholders will receive Rs 25 lakhs from LIC upon maturity.
Participating in this policy not only offers the chance to win a substantial amount but also provides individuals with the opportunity to secure their financial future through systematic investments.
