You must be at least 28 years old to invest in LIC Jeevan Anand policy. This plan offers returns over a period of 25 years. It is considered to be one of the best policies of LIC in terms of bonus facility, liquidity and investment.
New Delhi: Life Insurance Corporation (LIC) is considered one of the most trusted companies for long term investment. LIC has a big role in planning from the protection of life to retirement. We are going to tell you here how you can get 28,000 rupees pension by investing 80 rupees daily through Jeevan Anand policy of LIC.
You must be at least 28 years old to invest in LIC Jeevan Anand policy. This plan offers returns over a period of 25 years. It is considered to be one of the best policies of LIC in terms of bonus facility, liquidity and investment. The minimum sum assured under this policy is Rs 1 lakh and there is no maximum limit. Apart from this, investor risk is also covered. This is an endowment policy, that is, the investor gets the benefit of both investment and insurance.
This is how a big fund will be made
Suppose if you are 35 years old and you have started this policy. You have taken this policy for 20 years with an insured amount of Rs 5 lakh. On this basis, your installment will cost Rs 30,273 annually. If you do this monthly then your installment will come to Rs 2522.
Other benefits on the policy
You will get a reversal bonus of Rs 45/1000 on your total sum insured.
That is, every year you will get Rs 22,500 as
bonus, the rate of bonus can be different, in
addition to this you will also get a final additional bonus of Rs 10,000.
You will get Rs 9.60 lakh in this way
For the age of 35 years and 20 years policy, you deposited a total of Rs 5,00,000. You will get 20 installments of Rs 22,500 instead of Rs 4,50,000. Apart from this, an additional benefit of Rs 10,000. So the total amount received is Rs. 4,60 lakh and your principal along with Rs. 5 lakh. So the total amount you will get will be Rs 9.60 lakh.