LIC Jeevan Anand Policy: Everyone wants to secure his or her life after retirement in a relaxed manner. Retirement plan is a must for every person who want to comfortably spend their life in their old age. Old age already invites many problems including physical to mental, but at least a proper retirement plan can keep you away from the financial stress and tension.
If you too want to live such a life, then we have a great scheme for you.
Life Insurance Corporation of India i.e. LIC is a reliable company for long term investment and savings. India's most trusted insurance company LIC keeps on bringing special schemes for its customers from time to time.
One such scheme is Jeevan Anand Policy of LIC. Through this, you can get a pension of 28 thousand rupees in the last days of your life by investing 80 rupees daily.
How to Invest in LIC Jeevan Anand policy?
The minimum age to invest in this scheme should be 28 years. This policy offers you a return after a period of 25 years. It is considered to be the best policy of LIC in terms of bonus facility, liquidity and investment. Under this policy, at least 1 lakh rupees is even assured, while there is no maximum limit.
An endowment policy
Endowment Policy means that the investor gets the benefit of both investment and insurance. If a person starts investing at the age of 25 for a period of 35 years. During this, he has to pay a premium with 4.5% tax in the first year. It makes 29,555 rupees. A person has to invest 80 rupees daily.
When you pay the first premium, you will have to pay Rs.79 with 2.5 percent tax. If you calculate it, according to this you get 50 lakh 15 thousand rupees after 35 years. This means that after the age of 61 years, your pension will be Rs 3 lakh 48 thousand 23 annually. This is how you will get a pension of Rs 27,664 every month.
