Jeevan Anand of LIC : Many people invest in Life Insurance Corporation of India (LIC) to create a big fund. By investing in it, if something untoward happens in life, the family gets a lump sum amount which they can use for their living.
However, many people stay away from investing in LIC because they feel that its premium is very high. In such a situation, you may like a policy named Jeevan Anand of LIC. The special thing about this policy is that you can create a fund of Rs 25 lakh by investing just Rs 45 daily.
The most special thing about Jeevan Anand policy is that it offers many more benefits. Actually, it is a kind of term policy. Four types of riders are available in this policy.
These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider. If the policyholder dies due to any reason, then the nominee gets 125 percent death benefit of the policy. Keep in mind here that by investing in this policy, the policyholder does not get any kind of tax exemption.
This government scheme is amazing for women, depositing 200000 will give tremendous benefits
How to create a fund of 25 lakhs from 45 rupees Suppose your age is 30 years. You will have to take this policy of sum assured of Rs 5 lakh. In such a situation, you will have to pay a premium of Rs 1341 every month. This premium will be around Rs 45 on a daily basis.
You will have to invest in it for 35 years. After 35 years, you will get 25 lakh rupees. In these 25 lakh rupees, 5 lakh rupees will be of sum assured, 8.50 lakh rupees as bonus and about 11.50 lakh rupees will be given as final additional bonus. In this way, you will get a total of 25 lakh rupees.
What other benefits will you get from Jeevan Anand Policy?
- In this, the policyholder will get a risk cover of at least Rs 6.25 lakh.
- This can increase up to Rs 30 lakh.
- The maturity period in this is from 15 years to 35 years.
- You can choose the maturity period as per your convenience.
- Bonus is given twice in this policy, but for this your policy should be for 15 years.
- The minimum insurance amount in this is Rs 1 lakh.
- There is no maximum limit.
- There is no benefit of income tax exemption on investing in this policy.