LIC's New Jeevan Anand policy offers an attractive combination of savings and protection
LIC's New Jeevan Anand policy offers an attractive combination of savings and protection, with guaranteed returns and the possibility of earning profits. This participating whole-life endowment plan provides several benefits:
LIC's New Jeevan Anand policy is a comprehensive life insurance plan that combines savings and protection. Here are more details about this policy:
Participating Whole-Life Endowment Plan: This policy is a participating whole-life endowment plan, which means it offers guaranteed returns along with the opportunity to earn bonuses or profits through participation in the company's profits.
Premium Payment Options: Policyholders have the flexibility to choose from various premium payment options, including monthly, quarterly, semi-annually, or annually, depending on their convenience.
Maturity Benefit: The policyholder receives the maturity amount if they survive until the end of the policy term. This maturity amount can be a substantial corpus, making it an excellent way to save for long-term financial goals.
Death Benefit: In the unfortunate event of the policyholder's demise during the policy term, the death benefit is paid to their nominated beneficiaries. This provides financial security to the family and ensures that the policyholder's loved ones are cared for.
Coverage Until Age 100: The risk coverage under this policy continues until the policyholder reaches the age of 100 years. This extended coverage ensures that you have insurance protection for the long term.
Tax Exemption: The premiums paid for this policy may be eligible for tax exemptions under applicable tax laws. This can help policyholders save on their tax liability while securing their financial future.
Flexible Investment Period: To accumulate a substantial corpus of up to Rs 25 lakh, policyholders need to invest in this policy for a minimum of 35 years. The flexibility in premium payment options allows you to choose a plan that suits your financial situation.
Affordable Saving: With a monthly premium of Rs 1,358, or approximately Rs 45 per day, policyholders can secure their financial future and create a fund for various life goals.
In summary, LIC's New Jeevan Anand policy is a well-rounded insurance plan offering savings and protection. It is designed to provide financial security for policyholders and their families, ensuring that they can achieve their long-term financial goals and safeguard their loved one's future. The policy's flexibility and tax benefits make it an attractive option for those seeking a comprehensive life insurance plan.
1. Maturity Amount: Policyholders receive the maturity amount if they survive till the end of the policy term.
2. Death Benefit: In the unfortunate event of the policyholder's demise, the death benefit is paid to their next of kin.
3. Risk Coverage: The policy's risk coverage continues until the policyholder reaches the age of 100 years.
4. Tax Exemption: The premiums paid for this policy may qualify for tax exemptions under applicable tax laws.
To accumulate a significant corpus of up to Rs 25 lakh with a minimum investment of Rs 5 lakh, you need to invest in this policy for 35 years and pay Rs 1,358 per month or Rs 16,300 per year. This equates to saving around Rs 45 per day.
LIC's New Jeevan Anand policy can help secure your financial future and provide for your family, making it a valuable investment for those looking for long-term financial security and savings.
LIC's New Jeevan Anand policy is a comprehensive life insurance plan that combines savings and protection. Here are more details about this policy:
Participating Whole-Life Endowment Plan: This policy is a participating whole-life endowment plan, which means it offers guaranteed returns along with the opportunity to earn bonuses or profits through participation in the company's profits.
Premium Payment Options: Policyholders have the flexibility to choose from various premium payment options, including monthly, quarterly, semi-annually, or annually, depending on their convenience.
Maturity Benefit: The policyholder receives the maturity amount if they survive until the end of the policy term. This maturity amount can be a substantial corpus, making it an excellent way to save for long-term financial goals.
Death Benefit: In the unfortunate event of the policyholder's demise during the policy term, the death benefit is paid to their nominated beneficiaries. This provides financial security to the family and ensures that the policyholder's loved ones are cared for.
Coverage Until Age 100: The risk coverage under this policy continues until the policyholder reaches the age of 100 years. This extended coverage ensures that you have insurance protection for the long term.
Tax Exemption: The premiums paid for this policy may be eligible for tax exemptions under applicable tax laws. This can help policyholders save on their tax liability while securing their financial future.
Flexible Investment Period: To accumulate a substantial corpus of up to Rs 25 lakh, policyholders need to invest in this policy for a minimum of 35 years. The flexibility in premium payment options allows you to choose a plan that suits your financial situation.
Affordable Saving: With a monthly premium of Rs 1,358, or approximately Rs 45 per day, policyholders can secure their financial future and create a fund for various life goals.
In summary, LIC's New Jeevan Anand policy is a well-rounded insurance plan offering savings and protection. It is designed to provide financial security for policyholders and their families, ensuring that they can achieve their long-term financial goals and safeguard their loved one's future. The policy's flexibility and tax benefits make it an attractive option for those seeking a comprehensive life insurance plan.
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