LIC Policy: Everyone saves a part of their money with the goal of putting it into an investment that will bring significant growth to their small savings in the future. The safety and profitability of the savings plans provided by LIC, the largest insurance company in India, make them very popular.
LIC provides insurance options that are appropriate for people of all ages. LIC’s Jeevan Anand Policy allows you to invest Rs 25 lakh by simply saving Rs 45 daily. If you want to make a significant amount of money with a low premium, the Jeevan Anand Policy could be a great option. It is comparable to a term policy in certain ways. You have the option to pay premiums for the full duration of your policy. In this scheme, the insurer obtains numerous maturity advantages rather than only a single one. LIC’s policy ensures a minimum of one lakh rupees and has no maximum limit. By investing around Rs 1358 every month, you can accumulate Rs 25 lakh in LIC’s Jeevan Anand Policy.
LIC Jeevan Anand Policy
By examining it daily, you can accumulate savings of 45 rupees daily. You must set aside funds for the future. Per this plan, depositing Rs 45 every day for 35 years will yield Rs 25 lakh upon reaching maturity. Your annual savings amount to around Rs 16,300 when calculated.
You will accumulate a total of Rs 5,70,500
By investing Rs 16,300 annually in this LIC policy for 35 years, you will accumulate a total of Rs 5,70,500. As per the policy terms, the initial sum assured is five lakh rupees. Upon maturity, you will receive a revisionary bonus of Rs 8.60 lakh and a final bonus of Rs 11.50 lakh. To receive double bonuses in LIC’s Jeevan Anand policy, you must have held the policy for at least 15 years.
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