LIC’s Powerful Plan: Save ₹1,400 Monthly and Get ₹25 Lakh — Plus Lifetime Insurance Cover

LIC’s Jeevan Anand (Plan No. 915) offers the dual benefits of savings and life insurance. With affordable premiums and lifelong coverage, this plan helps secure your family’s future while also building a substantial maturity corpus.

LIC’s Powerful Plan: Save ₹1,400 Monthly and Get ₹25 Lakh, Plus Lifetime Coverage

LIC — Trusted for Generations

Life Insurance Corporation of India (LIC) remains one of the most trusted names in insurance. For those looking for safe investment options along with family protection, the Jeevan Anand policy can be an excellent choice.

This plan combines term insurance and savings, offering double benefits — financial growth and long-term security.

Big Benefits with Affordable Premiums

Many people worry about high premiums when buying insurance. The specialty of the Jeevan Anand policy is that it remains budget-friendly.

• Suppose you are 35 years old

• Choose a Sum Assured of ₹5 lakh

• Policy term: 35 years

Your annual premium would be around ₹16,300.

On a monthly basis, this equals approximately ₹1,400 — just ₹45–46 per day.

Over the policy term, you would invest nearly ₹5.70 lakh in total.

However, at maturity, based on current bonus rates, you may receive around ₹25 lakh as a lump sum. This includes:

• ₹5 lakh — Basic Sum Assured

• ₹8.60 lakh — Vested Simple Reversionary Bonus

• ₹11.50 lakh — Final Additional Bonus

Coverage During Life — and After

The biggest attraction of Jeevan Anand is its whole-life coverage.

Unlike most policies that end after maturity, this plan continues to offer risk cover even after the maturity payout.

After receiving the maturity amount:

• Your life cover of ₹5 lakh remains active for life.

• Whenever the policyholder passes away (even at age 100), the nominee will receive ₹5 lakh separately.

In short, the plan pays twice:
✔ once at maturity, and
✔ again after the policyholder’s death.

Extra Security Along With Tax Savings

Another advantage of this policy is tax benefits:

• Premium payments qualify for deductions under Section 80C

• Maturity and death benefits are tax-free under Section 10(10D)

Additional benefits include:

• Loan facility after two policy years

• Grace period (15 days for monthly mode, 30 days for other modes)

• Available for individuals aged 18 to 50 years

• Policy term options from 15 to 35 years

• Optional riders like Accidental Death and Critical Illness for added protection