LIC Jeevan Anand Policy: Save Rs 45 Daily To Get Rs 25 Lakh – Complete Guide

Life Insurance Corporation of India ( LIC ) is one of the most trusted names in the insurance industry. People often turn to LIC for its secure investment options that promise good returns.

LIC offers various policies catering to people of all ages, from children to senior citizens. However, many hesitate to invest due to high premiums. Fortunately, LIC provides some schemes where you can get good returns with a low premium.

One such scheme is the LIC Jeevan Anand Policy , where you can create a fund of Rs 25 lakh by investing just Rs 45 daily. Let's explore the details:

What is the LIC Jeevan Anand Policy?

The LIC Jeevan Anand policy is an excellent option for those seeking high returns with a low premium. It's a term policy that offers many maturity benefits. The minimum sum assured under this plan is Rs 1 lakh, with no maximum limit.

LIC Jeevan Anand Policy Calculation

• To build a corpus of Rs 25 lakh, you need to deposit Rs 1,358 per month, equivalent to Rs 45 per day.
• This is a long-term plan, requiring an investment period between 15 and 35 years.
• If you choose to invest for 35 years, you will receive Rs 25 lakh at maturity, saving around Rs 16,300 annually.

Bonus Benefits

The LIC Jeevan Anand Policy offers a double bonus. If you invest Rs 16,300 per year for 35 years, you'll have deposited Rs 5,70,500 in total. In addition to the basic sum assured of Rs 5 lakh, you will receive:

• A reversionary bonus of Rs 8.60 lakh
• A final bonus of Rs 11.50 lakh

These bonuses are over and above the amount deposited. However, your policy must be active for at least 15 years to receive the bonus.

Additional Benefits

This policy includes several rider options:

• Accidental Death and Disability Rider
• Accident Benefit Rider
• New Term Insurance Rider
• New Critical Illness Rider

In case of the policyholder's death, the nominee will receive a death benefit equivalent to 125% of the sum assured.

No Tax Exemption

One important point to note is that the LIC Jeevan Anand policy does not offer any tax exemption benefits.

This policy is ideal for those looking for a low-premium, long-term investment with substantial returns and added benefits.