LIC’s Jeevan Anand Policy: The Life Insurance Corporation (LIC) is a well-liked option among investors since it provides a wide range of plans ideal for people of all ages, each with its own special perks. One such programme is the well-known investor favourite Jeevan Anand Policy. With a little initial investment of just Rs. 45, this insurance policy enables you to get an astounding return of Rs. 25 lakhs.
Money-saving maturity benefit
This policy offers a significant lump sum payment upon maturity, which could drastically alter your financial situation.
Inexpensive premium
You can purchase the Jeevan Anand Policy for as little as Rs 45 per day, which equates to a premium of only Rs 1358 every year. This policy has been in effect for nearly 35 years.
Benefits of flexible maturity
This LIC insurance offers a variety of maturity advantages, giving you a wide range of possibilities.
No investment limit
The minimum sum assured is Rs. 1 lakh, but there is no predetermined maximum. With this flexibility, you can modify the policy to meet your own financial objectives.
Does Jeevan Anand cover death?
Death benefit, defined as the whole of vested Simple Reversionary Bonuses, vested Final Additional Bonuses, and, if applicable, the Sum Assured on Death, shall be payable. Where the Basic Sum Assured is equal to 125% of the Sum Assured, and the Sum Assured on Death is equal to 10 times the annualised premium.
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