There are some schemes of LIC that are for savings, for any security. But you can get the benefit of these two through a single plan. LIC's New Life Anand Policy offers you not only savings but also security. You can also get bonuses under this plan. Under this plan, the risk cover continues even after the policy term. Let's learn about the full details of the plan ...
Who can take the scheme - If you are 18, you can take a new life plan of LIC. At the same time you should not be more than 50 years old to take this scheme.
Sum Insured - Under this scheme, the sum insured of at least one lakh rupees is required. It does not have the maximum limit. That is, you can take the sum assured according to what you need.
Policy Term - The policy term for the New Life Anand Plan is 15 to 35 years. LIC's new Life Insurance Policy can be bought online with offline.
Premium payment - Premium can be paid annually, half yearly, quarterly and on a monthly basis for the policy. The specific thing is that after three years of buying this policy you can take a loan from your policy.
Benefit over the term - Simple Reversionary Bonus and Final Plus Bonus with Sum Assured
How Many Benefits on Maturity -
Sum Assured + Easy reversionary bonus + Final extra bonus
5 lakh + 5.04 lakh + 10 thousand = 10.14 lakh
That is, after the completion of 21 years, if the policy holder is alive then he will get more than 10 lakh.
If the policy dies between - the nominee will get an insurance amount of 5 lakh rupees.
If a person dies in the current policy, then the nominee whose nominee will be given will be 125% of the amount. There is also a bonus and a final bonus with that.
If a policy lapses after paying a premium of 17 years, then the nominee will be more in the three.
1. 125% = 125% of = 5 lakh = 6, 25,000
2. The premium of the year is 10 times = 105% = (27010 * 17) 105% = 4,82,128
3. 105 death = full premium% (27010 * 17) 105% = 482.128
Income tax Act also provides benefits for premium payment under section 80C. There is no tax to be paid even at the time of maturity due to death.
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