LIC Policy: Buy this LIC policy by adding just Rs 74 per day, you will get Rs 10 lakh on maturity

New Delhi. There are some such schemes of LIC which are for savings, while some schemes are for protection. Today we are telling you about such a policy of LIC which will also help you in saving and will also give protection. LIC’s New Jeevan Anand policy not only gives you the opportunity of saving but also provides protection. You also get bonus under the scheme. The risk cover under this plan continues even after the policy term. Let us know the complete details of the scheme

Who can take the scheme- If you have reached 18 years of age, then you can take New Jeevan scheme of LIC. At the same time, your age should not be more than 50 years to take the scheme.

Sum Assured – Under the scheme, it is necessary to take a sum assured of at least Rs 1 lakh. However, it does not have a maximum limit. That is, you can take the sum assured as much as you want.

Policy Term- The policy term for New Jeevan Anand plan is 15 to 35 years. You can buy LIC’s New Jeevan Anand policy offline as well as online.

Premium Payment- Premiums can be paid for the policy on yearly, half yearly, quarterly and monthly basis. Its special thing is that after 3 years of purchasing this policy, you can take a loan from your policy.

This is the benefit on maturity – Simple Reversionary Bonus and Final Additional Bonus with Sum Assured.

How much profit on maturity-

Sum Assured + Simple Reversionary Bonus + Final Additional Bonus

5 lakh + 5.04 lakh + 10 thousand = 10.14 lakh

That is, if the policy holder survives on completion of 21 years, then he will get more than 10 lakhs.

If there is death on maturity – the nominee will get the sum assured i.e. Rs 5 lakh. If death occurs in the middle of the policy – If the death of the policyholder occurs in the middle of the policy due to any reason, then the sum assured will be given to the nominee by him which will be 125% of the sum insured. Along with this bonus and final bonus are also available.

If there is a death in the policy after paying the premium for 17 years, then the higher of these three, the same will be given to the nominee.

1. 125% of Sum Assured = 125% of 5 lakh = 6,25,000

2. 10 times the annualized premium = (10 times 27010) = 3,02,730

3. 105% of premium paid till death = 105% of (27010 * 17) = 4,82,128

In this, if the amount in the first option is more, then the nominee will get the same amount.

Tax Benefits- Tax benefits are also available for premium payment under Section 80C of the Income Tax Act. There is also no tax to be paid on the amount received at the time of maturity or death.