Many people want to invest their money in a safe place without taking any risks. If you’re one of them, then LIC’s Jeevan Anand Policy could be a great option for you.
This plan allows you to build a large fund over time by making small, regular investments.
The money collected from this policy can be used for important needs like your children’s education, marriage, or any emergency.
Along with helping you save, this scheme also provides life insurance protection, which adds to its value.
Due to LIC’s strong reputation, this plan is considered reliable and beneficial for long-term financial planning.
What Makes LIC Jeevan Anand Policy Special?
The Jeevan Anand policy is a well-known plan from LIC that offers a smart mix of protection and savings. You can create a fund of around ₹20 lakh with this policy.
The minimum sum assured is ₹1 lakh, and there is no upper limit, which means you can choose the amount based on your needs
and financial capacity. It’s a solid choice for people who want to meet long-term financial goals.
Example: Building a ₹20 Lakh Fund
If you are 21 years old and want to create a ₹20 lakh fund, you will need to invest about ₹5,922 per month for 30 years.
This is the premium for the first year. From the second year onwards, the premium reduces to around ₹5,795 per month (about ₹193 per day).
This shows that even small monthly investments can help you build a large and secure fund over time.
How Maturity and Insurance Benefits Work
Jeevan Anand is a term maturity plan, meaning you have to pay the premium regularly for the full term you select.
For example, if you choose a 30-year plan, you’ll need to pay the premium every year for those 30 years.
In case the policyholder passes away during this time, the nominee will receive either 125% of the basic sum assured or 105% of the total premium paid so far—whichever is higher. This makes the plan a strong tool for financial security and future planning.
Bonus, Loan, and Flexibility Benefits
This policy not only offers protection but also gives you the opportunity to earn bonuses.
If you invest around ₹6,000 per month for 30 years, your total return (including bonus) could reach up to ₹30 lakh. You can also take a loan against this policy if needed.
For the most accurate bonus and return details, it’s best to visit your nearest LIC branch.
Who Can Invest in Jeevan Anand?
Anyone between the ages of 18 to 50 years can invest in the Jeevan Anand policy. The policy term can range from 15 to 35 years, depending on your needs.
You can pay the premium monthly, quarterly, half-yearly, or yearly, making it flexible for all kinds of investors.
