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Everyone wants to save a portion of their earnings and accumulate a huge fund in a safe investment.

Everyone wants to save a portion of their earnings and accumulate a huge fund in a safe investment. In this regard, the savings schemes offered by the country's largest insurer, Life Insurance Corporation of India (LIC), are particularly popular in terms of security and returns.

 LIC offers suitable plans for all age groups in which one can invest small sums and accumulate large sums. One such scheme is LIC Jeevan Anand Policy. In this scheme per day only Rs. 45 while saving Rs. 25 lakhs can be obtained. Let's know the complete details. 

LIC Jeevan Anand policy is the right choice for those who want to accumulate a large fund with low premium. Just like a term plan, premium should be paid for this policy as well. Multiple maturity benefits can be availed through this policy instead of at once. LIC in this scheme at least Rs. 1 lakh guaranteed, maximum limit no limit.

Rs. 45 deposit Rs. How to get 25 lakhs?
Under the LIC Jeevan Anand policy, you can get around Rs. 1,358 and after 35 years Rs. 25 lakhs can be obtained. If you look at it per day, you will get just Rs. Saving 45 will get you this result in the long run. 

Around Rs. 16,300 is saved, after 35 years the total maturity of this policy will be Rs. 25 lakhs can be obtained. 

Double Bonus Benefit:
Under the Jeevan Anand policy, every year for 35 years you get Rs. 16,300 invested, total Rs. 5,70,500 will be deposited. As per the policy term, your basic sum assured is Rs. 5 lakhs, revisionary bonus after maturity will be Rs. 8.60 lakhs, final bonus of Rs. 11.50 lakhs will be earned. 

Under the Jeevan Anand policy, the bonus can be offered twice, but only when the policy has been in place for at least 15 years. 

There is no tax exemption, but there are other benefits:
The rider death benefit policyholders availed through LIC Jeevan Anand policy is tax exempt. However, it offers four types of riders like Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider and New Critical Benefit Rider.

This policy also has a death benefit. That is, if the policyholder dies, the nominee gets 125% of the death benefit. If the policyholder dies before the policy maturity, the nominee will receive the sum assured.