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New Delhi. Everyone wants to save some of their earnings and invest it in such a place where a huge fund can be collected for them and the money also remains safe. In this case, the savings schemes of the country's largest insurance company, Life Insurance Corporation of India (LIC), are quite popular in terms of both security and returns. LIC has plans available for people of all age groups, in which you can accumulate a huge fund even by investing small amounts. One such scheme is LIC's Jeevan Anand Policy, in which you can get Rs 25 lakh by saving just Rs 45 per day. Let us know full details about it…

Small savings, big bang
If you want to raise a big fund for yourself at a low premium, then Jeevan Anand Policy can prove to be a great option for you. In a way, it is like a term plan. You can pay the premium for as long as your policy is in force. In this scheme, the policyholder gets not just one but multiple maturity benefits. In this scheme of LIC, a minimum sum of Rs 1 lakh is assured, whereas no maximum limit has been fixed.

How to make Rs 25 lakh by depositing Rs 45
In LIC Jeevan Anand Policy, you can deposit a fund of Rs 25 lakh by depositing around Rs 1358 every month. If we look at it per day, you will have to save Rs 45 every day. You will have to make these savings for the long term. Under this policy, if you save Rs 45 daily and invest for 35 years, then after the completion of maturity of this scheme, you will get an amount of Rs 25 lakh. If we look at the amount saved by you on an annual basis, it will be around Rs 16,300.

More benefits than double bonus
If you invest Rs 16,300 every year in LIC Jeevan Anand for 35 years, then the total deposit amount will be Rs 5,70,500. Now according to the policy term, the basic sum assured will be Rs 5 lakh, to which after the maturity period you will be given a revisionary bonus of Rs 8.60 lakh and a final bonus of Rs 11.50 lakh. Bonus is given twice in LIC's Jeevan Anand policy, but for this your policy must be for 15 years.

No tax exemption, but rider-death benefit
Policyholders taking Jeevan Anand policy of Life Insurance Corporation of India are not given the benefit of any tax exemption under this scheme. However, if we look at its benefits, you get four types of riders in it. These include Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider.

Only death benefit benefit has been added to this policy. That means, if the policy holder dies due to any reason, the nominee will get 125 percent death benefit of the policy. At the same time, if the policy holder dies before the maturity of the policy, then the nominee gets the amount equal to the time assured.