LIC Special Plan: Invest Rs 45 and get Rs 25,00,000 on maturity, know here how

 

LIC’s Jeevan Anand policy offers a minimum sum assured of Rs 1 lakh, while there is no limit on the maximum sum assured. Bonuses, death benefits and other benefits are also included in this scheme. Know the details here.

Despite the availability of many investment options, there are some investments that people have trusted for a long time. Even today, people definitely include them in their portfolio. People have the same trust in LIC. Even today, many people like to invest in LIC schemes. Today we tell you about one such scheme of LIC for which if you save just Rs 45 daily, you can create a fund of Rs 25 lakh for yourself.

We are talking about LIC’s Jeevan Anand policy, in Jeevan Anand policy, a sum assured of one lakh rupees is given, while there is no maximum limit. Bonuses, death benefits and other benefits are also included in this scheme. Know the details here.

You get these benefits

This policy of LIC is a Term Policy. There are four types of riders available in this policy. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider. If the insured person dies due to any reason, then his nominee gets 125 percent death benefit. However, there is no tax benefit in this policy.

These facilities are also included

Any person between the ages of 18 and 50 can buy this policy. The maximum maturity age is around 75 years. The minimum policy term is 15 years and the maximum policy term is 35 years. You are given the option to pay the policy premium on a monthly, quarterly, half-yearly or yearly basis. The policy can be surrendered at any time, provided two full years’ premium has been paid. On surrendering the policy, LIC will pay a surrender value equal to the guaranteed surrender value or special surrender value, whichever is higher. Loan facility is also available on the policy.

This is how you can accumulate 25 lakhs

If you take a policy with a sum assured of 5 lakhs, you will have to invest Rs 1358 every month. In this way, Rs 16,300 will be deposited in a year. To accumulate Rs 1358 a month, you will have to save Rs 45 every day. In this way, by depositing Rs 16,300 every year, you will invest a total of Rs 5,70,500 in 35 years. After 35 years, you will get Rs 5 lakh as sum assured, Rs 8.50 lakh as bonus and about Rs 11.50 lakh as final additional bonus. In this way, you will get a total of Rs 25 lakh on maturity.

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