The Life Insurance Corporation of India (LIC) is very well-known in the insurance industry. Individuals choose to invest in LIC insurance or policies for reliable returns with safety. Numerous policy initiatives exist for elderly individuals to youth. You can achieve favorable returns by putting money into LIC’s plan. Nevertheless, numerous individuals refrain from investing in the policy due to the elevated premiums. In certain LIC plans, you can achieve favorable returns with minimal premiums.
Today we will discuss LIC’s Jeevan Anand Policy. With this policy, you can accumulate a fund of Rs 25 lakh by saving just Rs 45 each day.
LIC’s Jeevan Anand scheme offers a minimum sum assured of one lakh. Nonetheless, the upper boundary has yet to be established. In this plan, you also receive various kinds of maturity benefits. To gather a substantial amount of Rs 25 lakh, you need to save Rs 1358 each month by setting aside Rs 45 daily after starting an account in this plan. You must carry out this investment for the entire 35 years. In 35 years, you will receive Rs 25 lakh upon maturity.
You have the option to invest in this LIC scheme for a duration of 15 to 35 years. In this LIC plan, you receive the advantages of the Accidental Death and Disability Rider, Accident Benefit Rider, and New Term Insurance Rider.
Apart from this, you get the benefit of New Critical Benefit Rider in it. At the same time, if the policy holder dies. In this case, the nominee also gets a death benefit of 125 percent.
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