LIC New Jeevan Anand Policy: If you want to take a big fund by investing less. So the Life Insurance Policy of India has brought a great plan for you. LIC claims that you will get good funds in New Jeevan Anand Policy. In this policy, Rs 10 lakh on maturity gives Lifetime Death Cover, and Tax Exemption to the insured. To make a corpus of Rs 10 lakh, you have to invest Rs 2190 every month.
what is the policy
New Jeevan Anand Policy can be taken by individuals from 18 to 50 years. The minimum term of this policy is 15 and maximum is 35 years. There is no limit on the sum assured in this. LIC also gives many options to the policyholder to pay the premium in this plan. In this you can also fill Annual, Half yearly, Quarterly or Monthly installments.
This way you will get 10 lakh fund
If you buy this policy at the age of 24 years with a sum insured of Rs 5 lakh, then you will have to deposit around Rs 26815 annually. If we look at 1 day, then it is about Rs 73.50 per day and Rs 2190 according to the month. If you have taken the policy for 21 years, then your total investment will be close to 5.63 lakhs, in which you will get more than Rs 10 lakhs with bonus at the time of maturity. This will be available in the form of Sum Assured, Simple Reversionary Bonus and Final Additional Bonus.
Tax exemption will be available
In this policy of LIC, you also get the benefit of Income Tax Exemption. In this, tax benefit is available under section 80C of the Income Tax Act. No tax is to be paid on the amount received at the time of maturity or death. You can also take a loan against this policy.
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