LIC Jeevan Anand Policy is the most prominent and trusted name in the Indian life insurance sector. The policies offered by it provide financial security and investment opportunities.
Today we will talk about a special policy of LIC, LIC Jeevan Anand, which not only gives the benefit of life insurance but also provides a good investment opportunity. Under this policy, if you deposit ₹ 1358 per month, you can get an amount of ₹ 25 lakh in the future. Let us know about this policy in detail.
What is LIC Jeevan Anand Policy?
LIC Jeevan Anand is an Endowment Plan, which provides financial security to your family as well as gives you good returns. The main objective of this scheme is to provide the benefits of life insurance as well as investment. This policy ensures that the family gets financial support after the death of the policyholder, while the policyholder gets a good fund when the policy ends.
What is the benefit of LIC Jeevan Anand Policy?
You can get the following benefits through this policy:
- Life insurance protection: The family gets the insurance amount on the death of the policyholder.
- Investment benefits: Investment is also made in this policy, which gives you a good sum assured.
- Dividend (Bonus): There is also a provision of bonus in LIC Jeevan Anand plan, which increases your investment.
- Protection for pension or retirement: This policy can also become a good pension plan for the future.
Working of LIC Jeevan Anand Policy
LIC Jeevan Anand is a mixed policy, in which you get the benefit of both insurance and investment. This is a principal insurance plan, in which both the sum assured and dividend are available. When you take the policy, you have to pay premiums for a fixed period. After this, when the policy ends or the policyholder dies, you get the fixed full insurance amount or principal.
The interest rate and dividend of this policy can change from time to time, which depend on the maturity of your policy.
Features of LIC Jeevan Anand Policy
Following are some of the key features of this policy:
- Annual Premium: You can pay the premium annually as per your convenience.
- Flexibility: This policy allows you to adjust the premium as per your requirement.
- Principal and Bonus: You get the sum assured as well as the bonus.
- Policy Term: The term of this policy can be from 15 to 35 years.
How will you get ₹25 lakh by depositing ₹1358 per month under LIC Jeevan Anand Policy?
If you pay a premium of ₹1358 per month, then after several years you can get an amount of around ₹25 lakh. This amount will depend on the type of policy, dividend rate and insurance period. Let us explain it further:
Calculation of premium and maturity amount
Suppose, you deposited a monthly premium of ₹1358 for 30 years. If you get an annual bonus of 4% to 6%, your total maturity amount can go up to ₹25 lakh. This amount will be linked to insurance dividends and bonuses.
Table: Estimated amount you can get if you deposit ₹1358 per month
| Policy Term (Years) | Premium (per month) | Dividends and Bonuses | Total Maturity Amount |
|---|---|---|---|
| 15 years | ₹1358 | ₹10 lakh | ₹15 lakh |
| 20 years | ₹1358 | ₹15 lakh | ₹20 lakh |
| 30 years | ₹1358 | ₹20 lakh | ₹25 lakh |
What are the covers in LIC Jeevan Anand Policy?
You get the following covers in this policy:
- Life Cover : Sum assured to the family on death of the policyholder.
- Good Investment : You get bonuses on the premiums you pay, which helps your investment grow.
- Bonus and Dividend : This policy offers benefits in the form of bonuses which make your investment more profitable.
