The special thing in this policy of LIC is that it gives free risk cover till the death of the policyholder.
LIC New Jeevan Anand Policy: For the financial security of ourselves and our family, we all usually buy life insurance i.e.
life insurance policy. In buying a policy, people rely more on the government insurance company Life Insurance Corporation (LIC). Keeping in view the needs and interests of the customers, LIC also changes its products or brings new products.
One policy in LIC’s portfolio is New Jeevan Anand Policy, which gives lifelong protection to the insured. In this era of Corona epidemic, the maximum focus of people has increased on savings and insurance.
What is LIC New Jeevan Anand?
According to a report by Zee News, the new Jeevan Anand policy is a Whole Life Endowment plan, which gives protection as well as savings. In this policy, the insured also gets a bonus
Its most important thing is that even after maturity, the life of the insured remains secure as his risk cover continues while he does not have to pay any premium after a certain period. The most important thing is that it gives free risk cover till the death of the policyholder.
Think of New Jeevan Anand Policy like this
Suppose you are 25 years old, you have bought a cover of 10 lakhs from this LIC policy for 25 years.
The policy will mature when you attain the age of 50 years. After this you do not have to pay any premium, but the policy will continue as long as you are alive. That is, you will continue to get a cover of 10 lakhs till then.
If the policyholder dies, then his nominee gets Rs 10 lakh. If the policyholder does not die during the policy term, he will automatically get Rs 10 lakh.
Returns with safety
Along with safety, you also get good returns in this. Under this scheme, it is necessary to take a sum assured of one lakh rupees, while there is no maximum investment limit.
You can take the amount assured as much as you want. The term of the New Jeevan Anand policy is 15 to 35 years. You can also buy this scheme online. You can choose to pay premiums annually, half yearly or every month for this policy.
How to get returns?
Suppose a 25 year old person took a plan of Rs 5 lakh for 12 years. He will have to deposit the annual premium of Rs 27010 in 21 installments.
In such a situation, his total investment will be Rs 5.67 lakh. Bonus will be available in this policy. At present, it is about Rs 48 per thousand, which is available every year.
It changes from time to time and it varies in the range of 40 to 48 rupees.
If we assume the amount of Rs.48, then your total bonus of Rs.24 thousand per annum will be Rs.5,04,000 in 21 years.
After the maturity of the scheme, it will also get a final additional bonus of Rs 20 per 1000 rupees. This sum assured will be about 10 thousand rupees on the amount of 5 lakhs.
If due to any reason the policyholder dies in the middle of the policy, then his nominee will be given the sum assured, which will be 125% of the sum insured. Along with this bonus and final bonus will also be available
. Tax benefit is also available for premium payment under Section 80C of the Income Tax Act. There is no tax on the amount received at the time of maturity or death.
