LIC Jeevan Anand Policy: If you are planning to invest in LIC’s Jeevan Anand Policy, then here we are telling you its benefits. In this policy, maturity benefit is available and benefits are available even after the death of the nominee, in such a situation, LIC’s Jeevan Anand policy can be a better option for you. The premium term and the policy term are same in this policy. That is, you can pay the premium for the duration of your policy. By depositing about Rs 1400 in the policy in a month, you will get Rs 25 lakh.
2 times bonus
In this policy 2 times bonus is available but for 2 times bonus, the policy needs to be 15 years old. On the other hand, if the person dies during the policy, the nominee will get 125% of the death benefit of the policy. If the policy holder dies after the expiry of the term of the policy, he/she will get an amount equal to the sum assured.
Minimum Sum Assured Rs 1 lakh
The minimum sum assured in this policy is Rs 1 lakh and there is no limit on the maximum sum assured. There are 4 riders in this policy. Like Accidental Death and Disability Rider, Accident Benefit Rider, New Term Assurance Rider and New Critical Illness Benefit Rider etc. These policies can be taken for 5, 10 and 15 years. You can take advantage of tax exemption in this.
Calculation
If you have taken a sum assured of Rs 5 lakh at the age of 35, then your policy tenure is 35 years, then your annual premium will be Rs 16,300. You can pay the same premium half-yearly, quarterly and every month. A total of Rs 5.70 will be deposited in 35 years. That is, after depositing about 1400 rupees in a month, you will get a total of 25 lakh rupees on maturity. In this, the basic sum assured will be Rs 5 lakh. Revisionary bonus of Rs 8.60 lakh and final additional bonus of Rs 11.50 will be given.
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