Life Insurance Corporation of India (LIC) stands out as a prominent player in the insurance sector, valued for its reliability and favorable returns.
Diverse Policy Plans Catering to Various Needs
LIC offers a wide array of policy plans tailored for different demographics, including senior citizens and children, promising not only security but also lucrative returns.
Understanding LIC’s Jeevan Anand Policy
LIC’s Jeevan Anand policy is a standout option for individuals seeking high returns with minimal premiums. It operates as a term policy plan with several added benefits for the policyholder.
Key Features of Jeevan Anand Policy
Affordable Premiums: With just Rs 45 daily, one can build a fund of Rs 25 lakh.
Flexible Investment Period: Ranging from 15 to 35 years, allowing individuals to tailor their investment horizon.
Calculation and Returns
Investing Rs 1358 monthly for a specific duration yields Rs 25 lakh upon maturity. Annual savings can amount to Rs 16,300.
Bonus Benefits
The policy offers revisionary bonuses and a final bonus, significantly enhancing the accumulated amount over the investment period.
Additional Benefits Included
The Jeevan Anand policy also provides various riders such as Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider, and New Critical Benefit Rider.
Conclusion
Despite the absence of tax exemptions, LIC’s Jeevan Anand policy emerges as a comprehensive investment avenue, offering both financial security and growth opportunities for individuals and their families.
