Everyone will forget FD-RD! This is LIC's 'Anand' plan, there will be a rain of money for a lifetime, and tension will come to an end!
LIC's 'Jeevan Anand Policy' is a famous plan that gives the investor the benefit of both security and savings. It provides a minimum sum assured of ₹ 1 lakh, and there is no maximum limit. This plan is a good option to create a big fund for the long term.
Often, everyone is looking for a safe investment without any risk, so if you are also looking for such an investment, then this scheme of LIC can be a great option for you. Yes, in this scheme, you can invest a small amount and create a big fund in the long term. You can use this fund created by the scheme for children's education, marriage or any emergency need. This scheme not only helps in increasing savings, but also gives you insurance protection. Not only this, reliability makes it a reliable and beneficial investment.
So we are talking about LIC's 'Jeevan Anand Policy' which is a very popular scheme. It gives the investor an excellent combination of both security and savings. In this policy, you can create a fund of about ₹ 20 lakh. Not only this, this scheme also has a minimum sum assured of ₹ 1 lakh, while there is no maximum limit. Meaning, you can create a big fund according to your need and capacity. By the way, this policy can prove to be an excellent option for long-term goals.
What is LIC's Jeevan Anand Policy
Talking about LIC's Jeevan Anand Policy, age and investment period play a big role in it. That is, if you are 21 years old and you want to create a fund of Rs 20 lakh from this scheme, then you will have to invest about ₹ 5922 every month for 30 years. Let us tell you that this premium will be for the first year. Then from the second year it can be reduced to ₹5795 per month (about ₹193 per day). It is clear that by making small investments like this, you can create a big and safe fund in the long term.
What is the game of maturity in this
Let us tell you that LIC's Jeevan Anand policy is a term maturity plan, in which regular premium has to be paid for the period of the plan chosen. For example, if you have taken a policy for 30 years, then premium will have to be deposited for the entire 30 years. Apart from this, if the policy holder dies during this period, then the nominee gets 125% of the basic sum assured or 105% of the premium paid so far - whichever is higher. This plan is a better option for financial security and future planning.
You will get bonus here, not safety
LIC's Jeevan Anand policy not only gives you security, but you can also get the benefit of bonus in it. If a person invests about Rs 6,000 per month for 30 years, then he can get a fund of about Rs 30 lakh including bonus. This policy can also provide loan facility if needed. However, for accurate information about bonus and returns, one must contact the nearest branch of LIC.
Who can invest
Let us tell you that the age limit for investment in LIC's Jeevan Anand policy has been fixed between 18 to 50 years. However, the timing of this policy can be from 15 to 35 years, which you can choose according to your need. The most special thing in this is that the premium can be paid monthly, quarterly, half-yearly or annually - as you wish. This flexibility of this scheme can make it even more convenient for common investors. (Note: This article is for information only and should not be considered as investment advice in any way, suggest consulting financial advisors for investment)
