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 ie life insurance policy. People trust the insurance company Life Insurance Corporation (LIC) more in buying the policy. In view of the needs and interests of customers, LIC also changes its products or brings new products. One policy in LIC’s portfolio is the New Jeevan Anand Policy (LIC New Jeevan Anand), which provides life-long security 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 provides security as well as savings. In this policy, the insured also gets a bonus. The most important thing about this is that even after maturity, the life of the insured remains secure because his risk cover continues while after a certain period he does not have to pay any premium. The most important thing is that it gives free risk cover till the death of the policyholder.
Think of New Jeevan Anand Policy as
Suppose you are 25 years old, you have bought a cover of 10 lakhs from this policy of LIC for 25 years. When you are 50 years old, the policy will be matured. After this you do not have to pay any premium, but the policy will continue till you are alive. That is, you will continue to get cover of 10 lakhs till then. If the policyholder dies, then his nominee gets 10 lakh rupees. If the policyholder does not die during the policy term, then he himself will get 10 lakh rupees.
Returns also with security
Along with security, you also get good returns in this. Under this scheme, it is necessary to take a sum of one lakh rupees, while there is no maximum investment limit. You can take as much amount as you want. The duration of the New Jeevan Anand policy is 15 to 35 years. You can also buy this scheme online. For this policy, you can choose the option of paying premiums annually, half-yearly or every month.
How do you get a return?
Suppose a 25-year-old man took a plan of five lakh rupees for 12 years. He will have to deposit an annual premium of Rs 27010 in 21 installments. In this case, his total investment would be Rs 5.67 lakh. Bonus will be available in this Poissy. At present, it is about Rs 48 per thousand rupees, which is available every year. It changes from time to time and it varies in the range of 40 to 48 rupees.
If you assume Rs 48, then your bonus of 24 thousand rupees per year 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 the policyholder dies due to some reason in the middle of the policy, then the insurance amount will be given to his nominee, that will be 125 percent of the sum assured. Along with this, bonus and final bonus will also be available. Tax benefit is also available for premium payment under Section 80C of Income Tax Act. There is no tax on the amount received at the time of maturity or death.
