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In this world full of uncertainties, everyone wants to secure their future and that of their family. When it comes to investing hard-earned money wisely, the Life Insurance Corporation of India (LIC) remains the most trusted name in the country. Among the numerous options available in the market, LIC's Jeevan Anand (Plan Number 915) policy is an excellent option for those who want the dual benefit of savings and security at a low premium. This policy is not just an investment, but a promise that lasts a lifetime.

A fund of millions created with the cost of your daily tea
Often, we postpone buying an insurance plan, thinking that the premium will be too expensive. But the Jeevan Anand policy is designed keeping the common man's budget in mind. If we look at the figures, it appears quite affordable. For example, if you are 35 years old and choose a Sum Assured of Rs. 5 lakh, your annual premium for a 35-year term will be approximately Rs. 16,300.

If we break this down monthly, it comes to around Rs. 1400. To make it even simpler, you only need to save Rs. 45 to 46 per day. By making these small savings in a disciplined manner, you receive a large sum at maturity. According to current bonus rates, upon completion of the policy term, you will receive a lump sum of approximately Rs. 25 lakh. This includes your basic Sum Assured of Rs. 5 lakh, vested simple reversionary bonus, and final additional bonus. This means that with small savings, you can create a significant financial cushion for your old age.

With you in life, and even after life
The biggest feature of this policy is what sets it apart from other plans. Usually, an insurance policy ends after the term is completed and the money is paid out. But this is not the case with Jeevan Anand. Even after receiving the maturity amount of Rs. 25 lakh, your insurance cover does not end. The policy provides a risk cover of ₹5 lakh on the policyholder's life for their entire lifetime. This means that even years after receiving the maturity amount, whenever the policyholder passes away (even at the age of 100), their family or nominee will receive an additional sum of ₹5 lakh. In this way, this policy truly fulfills the promise of "protection during life and after life," as it provides a payout twice.

Tax Savings
Beyond returns and security, this policy also helps with tax planning. The premiums paid are eligible for tax deductions under Section 80C of the Income Tax Act. Furthermore, the entire maturity amount and the death benefit are completely tax-free under Section 10(10D).

LIC has also incorporated liquidity into this plan. If you need funds urgently, you can avail of a loan against the policy after two years. This feature makes it a liquid asset. Individuals aged 18 to 50 years can benefit from this plan. Additionally, you can enhance your coverage by adding riders such as accidental death and critical illness riders.

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