Lic Jeevan Anand Scheme
Savings are very important in everyone’s life. If you want your small savings one day become a big fund, then a special policy of Life Insurance Corporation of India (LIC) can be a great opportunity for you.
We are talking about LIC’s life Anand Policy, which not only gives protection but also makes rough returns in future. The biggest feature of this scheme is that by saving only 45 rupees daily, you can prepare a fund of up to 25 lakh rupees. Let’s understand its calculation.
You will get big benefit from small savings
Usually people think that big funds are needed to make big funds, but this scheme of LIC has given a chance to make big funds from small investment. In Jeevan Anand Policy, if you save about Rs 1,358 every month i.e. only 45 rupees every day, then you can get a fund of up to 25 lakh rupees after 35 years of investment. In this, you also get insurance protection and there is an increase in funds through bonuses.
How is a fund of 25 lakhs formed?
In this policy, if you deposit 16300 rupees every year for 35 years, then your total investment will be 5,70,500. When the policy is matured, not only does your principal returns, but it also gets an additional benefit of about 20 lakh rupees in the form of bonus. This includes Rs 5,00,000 Basic Summary Assord Rs 8,60,000 (approx) Revision bonus and Rs 11,50,000 (approx) final additional bonus. Overall, you get a fund of about 25 lakh rupees on maturity.
Another special thing about this policy is that it gives the benefit of double bonus. LIC gives a revision 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 with maturity benefits
On investing in this scheme, you get maturity benefits as well as insurance protection. If unfortunately the policyholder dies during the policy period, the nominee gets a death benefit of 125% with the Samudar. Apart from this, four types of riders can also be added to it such as accidental death, disability, critical illness and term insurance rider.