LICs Jeevan Anand Scheme


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If you want to accumulate a large fund with small savings, then LIC’s Jeevan Anand Scheme can fulfill your dream. By investing in this scheme, you can accumulate a fund of up to Rs 25 lakh.

Let us understand how you can create a large fund by starting investing with a small amount of Rs 45…

Savings is very important in everyone’s life. If you want your small savings to become a big fund one day, then a special policy of Life Insurance Corporation of India (LIC) can be a great opportunity for you.

We are talking about LIC’s Jeevan Anand policy, which not only provides security but also generates huge returns in the future. The biggest feature of this scheme is that by saving just Rs 45 daily, you can create a fund of up to Rs 25 lakh. Let’s understand its calculation.

This is how you will get big benefit from small savings

Usually people think that a large amount is needed to create a big fund, but this scheme of LIC has given an opportunity to create a big fund by investing small amounts. If you save about Rs 1,358 every month i.e. just Rs 45 every day in Jeevan Anand policy, then you can get a fund of about Rs 25 lakh after 35 years of investment. In this, you also get insurance protection and the fund also increases through bonus.

How to create a fund of Rs 25 lakh?

In this policy, if you deposit Rs 16300 every year for 35 years, then your total investment will be Rs 5,70,500. On maturity of the policy, not only your principal amount is returned, but an additional benefit of about Rs 20 lakh is also added to it in the form of bonus. This includes Rs 5,00,000 basic sum assured, Rs 8,60,000 (approx.) revisionary bonus and Rs 11,50,000 (approx.) final additional bonus. Overall, you get a fund of about Rs 25 lakh on maturity.

Another special thing about this policy is that it offers the benefit of double bonus. LIC gives revisionary bonus to the policyholder every year and also adds a lump sum final bonus at the time of maturity. But this benefit is available only when your policy is at least 15 years old.

Insurance cover along with maturity benefit

By investing in this scheme, you get insurance protection along with maturity benefit. If unfortunately the policyholder dies during the policy term, the nominee gets a death benefit of 125% of the sum assured. Apart from this, four types of riders can also be added to it such as accidental death, disability, critical illness and term insurance rider.

 

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