LIC’s Crorepati Scheme: Rs 1 Crore Corpus, Invest just Rs 155 Per Day – Details

Last updated: May 13, 2024 2:12 pm

3 Min Read

LIC’s Crorepati Scheme: The Life Insurance Corporation (LIC) has long been synonymous with financial security, offering a wide array of plans tailored to individuals of all demographics. Among these, the New Jeevan Anand Policy has garnered significant attention, praised for its distinct advantages and impressive returns. With an entry point of just Rs 155, this policy holds the potential to yield a substantial corpus of Rs 1 Crore, making it an appealing prospect for those in pursuit of financial stability.

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Key Features of Jeevan Anand Policy: LIC’s Crorepati Scheme
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Key Features of Jeevan Anand Policy: LIC’s Crorepati Scheme

Lump Sum Maturity Benefit: Upon maturity, policyholders stand to receive a substantial lump sum, providing a significant boost to their financial well-being.
Affordable Premium: With premiums as low as Rs 155 per day or an annual payment of merely Rs 56438, individuals can secure a New Jeevan Anand policy for a duration of 35 years.
Flexible Maturity Benefits: The policy offers a variety of maturity benefits, granting policyholders the flexibility to align with their specific financial objectives.
No Investment Ceiling: While the minimum sum assured is Rs 1 lakh, there exists no fixed upper limit, enabling individuals to tailor the policy according to their financial aspirations.

Investing in the New Jeevan Anand Policy represents a proactive step toward fortifying one’s financial future and attaining peace of mind.

Returns Over 35 Years: By committing Rs 4807 each month, a cumulative amount of Rs 19,76,572 will accrue over 35 years. Upon maturity, a reversionary bonus of Rs 32.84 lakh and a final bonus of Rs 46.92 lakh will be added to the sum assured of Rs 20.40 lakh. It’s worth noting that bonuses are disbursed twice during the policy term, provided it spans at least 15 years.

Policy Benefits: New Jeevan Anand policy offer tax exemption benefits under section 80c and maturity is also tax free under section 10(10)D, it does provide four types of riders to policyholders, including the Accidental Death and Disability Rider, Accident Benefit Rider, New Term Insurance Rider, and New Critical Benefit Rider. In the unfortunate event of the policyholder’s demise, the nominee stands to receive 125 percent of the policy’s death benefit.