Life Anand Policy of Life Insurance Corporation of India (LIC) is an investment option, which is a great mix of safety and savings. By depositing just ₹ 1358 every month in this policy, you can get a return of Rs 5 lakh in a long period. This scheme is ideal for those who want to make large funds with low investment. Let us understand the specialty and benefits of this policy.

Jeevan Anand Policy: Unique confluence of investment and insurance

LIC's New Jeevan Anand Policy is a traditional endowment scheme, which not only gives you life insurance cover, but also provides attractive returns on maturity. In this scheme you can choose a period of 15 to 35 years. By investing ₹ 1358 every month, you can ensure a basic sum assured of Rs 5 lakh. In addition, the bonuses and final additional bonuses from LIC further increase your returns. This policy is special because the life insurance cover continues even after maturity, which always gives financial security to your family.

How does this plan work?

Suppose, you choose this policy for 20 years at the age of 35. On depositing ₹ 1358 every month, the annual premium is around ₹ 16,300. After 20 years, on maturity you will get a basic sum assured of Rs 5 lakh, as well as a potential bonus. If LIC gives a simple revolutionary bonus at the rate of ₹ 45 per ₹ 1000 per ₹ 45 per year, then your annual bonus will be ₹ 22,500. In 20 years this bonus can reach ₹ 4.5 lakh. In addition, the final additional bonus (for example, ₹ 70 per ₹ 1000 sum assord) can add ₹ 35,000. In this way, your total return can be more than Rs 5 lakh. If unfortunately the policyholder dies during the policy period, the nominee will get 125% sum assured (₹ 6.25 lakh) and bonus.

Why choose LIC Life Anand?

This policy is excellent for those who want sure returns with low risk. There is also a benefit of tax exemption (section 80C) (section 80C) on the amount invested and tax exemption (10D) on maturity amount. Also, you can take additional protection by adding accidental death and disability benefit rider. The policy also has a loan facility, which meets your emergency needs. The 15 -day free look period and the 30 -day grace period make this scheme more flexible.

Note before starting investment

LIC's Jeevan Anand Policy may be attractive, but assess your financial needs and goals before investment. You have to be disciplined for long -term investment. If you are unable to invest a monthly ₹ 1358, then policy laps can be done, which can be revived within two years. Seek the advice of experts and get complete information about the policy from the official website or nearest branch of LIC.