LIC’s blast! Just save ₹ 1400 and you will get full ₹ 25 lakh, along with free insurance for life.

Life Insurance Corporation of India (LIC) Even today it remains the most trusted institution of the country. When it comes to safe investments and family security, crores of Indians trust LIC. If you are also looking for a plan in which investment is low but returns and security are high, then LIC’s ‘Jeevan Anand’ policy can prove to be a game-changer for you. This policy (Plan No. 915) is an unmatched combo of not only savings but also protection.

Invest just ₹45 daily and get returns worth lakhs

Often people shy away from taking insurance due to the fear of huge premiums, but Jeevan Anand policy has been made keeping in mind the pocket of the common man. Suppose you are 35 years old and you start investing for 35 years with a sum assured of Rs 5 lakh. In this situation you will have to pay a premium of approximately Rs 16,300 in a year.

If we understand its mathematics, it works out to only Rs 1400 per month and around Rs 45-46 per day. With such a small saving, you will accumulate around Rs 5.70 lakh over the entire policy term. But wonderful things happen when this policy matures. According to the current bonus rates, you can get a huge amount of around Rs 25 lakh on maturity. In this, along with the basic amount, there is a strong benefit of revisionary bonus and additional bonus.

Risk cover does not end even after maturity

LIC’s famous slogan ‘Zindagi ke saath bhi, zindagi ke baad bhi’ fits perfectly on this plan. The biggest feature of this policy is its ‘whole life coverage’. Most insurance plans expire after maturity, but this is not the case with Jeevan Anand. As per the above example, even when you take Rs 25 lakh on maturity, your insurance will continue.

Even after maturity, the life cover of Rs 5 lakh remains with the policyholder. This means that whenever the policyholder dies in future after maturity, his family (nominee) will be given a separate amount of Rs 5 lakh. That is, this policy gives you money while you are alive and also takes full care of your family after your death.

Tax exemption and excellent loan facilities

Jeevan Anand Policy not only grows money but also protects your hard-earned money from tax. Income tax section on premium deposited in it 80C Exemption is available under. Additionally, the entire maturity amount and death benefit are also completely tax-free under Section 10(10D).

This policy can work like a bank for you in times of trouble. You can also avail loan facility on this policy after paying the premium for only two years. Along with this, there is also an option to add riders like Accidental Death and Critical Illness, which increases your protection manifold.