LIC’s Millionaire Scheme: The Life Insurance Corporation (LIC) stands out as a pillar of financial stability, offering a wide range of schemes tailored to meet the needs of individuals across all age groups. One such scheme, the Jeevan Anand Policy, has gained popularity for its distinctive benefits and impressive returns. With a modest investment of only Rs 45 per day, this policy provides an opportunity to accumulate a substantial corpus of Rs 25 lakhs, making it an appealing option for investors seeking financial security. Jeevan Anand Policy Highlights: Lump Sum Maturity Benefit: Upon maturity, policyholders receive a significant lump sum payout, providing a significant boost to their financial well-being. Affordable Premiums: Individuals can secure the Jeevan Anand Policy for a period of 35 years with a daily investment of just Rs 45 or an annual premium of Rs 1358. Flexible Maturity Options: The policy offers various maturity benefits, empowering policyholders to choose options that align with their specific financial objectives. No Investment Cap: While the minimum sum assured is Rs 1 lakh, there is no fixed upper limit, allowing individuals to tailor the policy to their financial goals. Investing in the Jeevan Anand Policy is a prudent step towards securing one’s financial future and attaining peace of mind. Investment Returns Over 35 Years: By investing Rs 1358 per month, a total of Rs 5,70,500 will be accumulated over 35 years. At maturity, the sum assured of Rs 5 lakhs will be augmented by a revisionary bonus of Rs 8.60 lakhs and a final bonus of Rs 11.50 lakhs. It’s worth noting that bonuses are paid twice during the policy term, provided the policy duration is at least 15 years. Policy Benefits: Although the Jeevan Anand Policy does not offer tax exemption benefits, it provides policyholders with four types of riders: Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider, and New Critical Benefit Rider. In the unfortunate event of the policyholder’s demise, the nominee is entitled to receive 125 percent of the policy’s death benefit.
