LIC Jeevan Anand Policy: Invest ₹1358 Per Month and Receive ₹25 Lakh – A Smart Life Insurance & Investment Plan

LIC Jeevan Anand Policy : Are you looking for a secure life insurance plan that also builds a solid financial corpus for the future? The LIC Jeevan Anand policy offers the perfect blend of insurance protection and long-term savings. By investing just ₹1358 per month, you could potentially receive ₹25 lakh after a set number of years. Here’s how the plan works, and why it might be the ideal choice for your financial planning.

What is LIC Jeevan Anand Policy?

LIC’s Jeevan Anand is one of the most popular endowment life insurance plans from the Life Insurance Corporation of India. This policy not only offers a life cover for the entire life of the policyholder but also provides a lump sum maturity benefit after the policy term ends.

It is a non-linked, participating, individual life assurance plan – meaning you get bonuses and participate in LIC’s profits. You pay a fixed premium for a specific number of years, and on maturity, you receive a combination of the sum assured and accrued bonuses. In case of the policyholder’s unfortunate demise, the nominee receives a death benefit, making it a dual-benefit policy.

Key Features of LIC Jeevan Anand

• Life coverage for the entire lifetime, even after maturity
• Lump sum maturity benefit with bonuses
• Loan facility available after three years
• Tax benefits under Section 80C and 10(10D)
• Bonus participation based on LIC’s annual profits
• Affordable monthly premiums starting from ₹1358
• Risk cover continues beyond the policy term

How ₹1358 Monthly Can Grow into ₹25 Lakh?

This is one of the most frequently asked questions: How can a small premium of ₹1358 per month turn into ₹25 lakh? Let’s break this down with a practical example.

Assuming a 30-year-old individual opts for a policy with a sum assured of ₹10 lakh for a term of 35 years, here’s what the numbers might look like:

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Sample Premium Breakdown (Monthly: ₹1358)

Age at Entry	Policy Term	Monthly Premium	Total Investment	Maturity Amount (Approx)	Life Cover After Maturity
30 years	35 years	₹1358	₹5.70 lakhs	₹25+ lakhs (with bonuses)	₹10 lakhs (till death)
25 years	35 years	₹1310	₹5.51 lakhs	₹26+ lakhs	₹10 lakhs
35 years	35 years	₹1420	₹5.95 lakhs	₹24.5 lakhs	₹10 lakhs
40 years	25 years	₹1690	₹5.07 lakhs	₹20 lakhs	₹10 lakhs
45 years	20 years	₹1880	₹4.51 lakhs	₹18 lakhs	₹10 lakhs
50 years	15 years	₹2250	₹4.05 lakhs	₹15 lakhs	₹10 lakhs
55 years	10 years	₹2800	₹3.36 lakhs	₹12 lakhs	₹10 lakhs

Note: The maturity amounts include estimated bonuses and final additional bonus. These figures are illustrative and subject to change based on LIC’s bonus declarations.

Benefits of Choosing LIC Jeevan Anand Policy

1. Dual Protection

This plan continues to offer life coverage even after the policy term ends. So, even if you receive the maturity amount, you’re still insured for life – a rare benefit.

2. Guaranteed and Bonus Returns

You receive the basic sum assured along with reversionary bonuses and a final additional bonus on maturity. These bonuses depend on LIC’s performance, but historically, they have been generous.

3. Tax Savings

Premiums paid are eligible for tax deductions under Section 80C, and the maturity amount is tax-free under Section 10(10D), making this policy a tax-efficient investment.

4. Loan Facility

Need emergency funds? You can avail a loan against the policy after it has acquired a surrender value (usually after 3 policy years).

5. Liquidity with Surrender Option

In case of unforeseen circumstances, you have the flexibility to surrender the policy after it has completed the minimum lock-in period.

Who Should Consider This Plan?

LIC Jeevan Anand is ideal for:

• Salaried individuals seeking low-risk long-term investment options
• Families looking for both protection and savings
• Young professionals planning early for retirement or children’s education
• Anyone looking for a safe investment with life coverage

Policy Illustration Based on Sum Assured of ₹10 Lakh

Here’s a detailed view of how your money grows over time with a monthly premium of around ₹1358:

Jeevan Anand Policy Illustration Table

Year	Annual Premium	Total Premium Paid	Bonus Accumulated	Maturity Value (Est.)	Life Cover (till death)
5	₹16,296	₹81,480	₹75,000	₹1.56 lakhs	₹10 lakhs
10	₹16,296	₹1.62 lakhs	₹1.80 lakhs	₹3.42 lakhs	₹10 lakhs
15	₹16,296	₹2.44 lakhs	₹3.25 lakhs	₹5.69 lakhs	₹10 lakhs
20	₹16,296	₹3.26 lakhs	₹4.80 lakhs	₹8.06 lakhs	₹10 lakhs
25	₹16,296	₹4.07 lakhs	₹6.50 lakhs	₹10.57 lakhs	₹10 lakhs
30	₹16,296	₹4.89 lakhs	₹8.35 lakhs	₹13.24 lakhs	₹10 lakhs
35	₹16,296	₹5.70 lakhs	₹10.00 lakhs	₹15.70 lakhs + FAB	₹10 lakhs

FAB = Final Additional Bonus (usually declared in the final year)

How to Buy LIC Jeevan Anand?

You can buy this policy through:

• LIC’s official website
• Visiting any LIC branch
• Authorized LIC agents or advisors
• Online insurance marketplaces

Make sure you understand all terms and conditions, and choose the sum assured and policy term based on your age and financial goals.

Things to Keep in Mind

• The returns are not fixed and depend on LIC’s performance
• It’s a long-term policy; early surrender may lead to low returns
• Ensure timely premium payments to keep the policy active

LIC Jeevan Anand is a perfect combination of protection and savings. For someone looking to build a risk-free, long-term corpus while ensuring their family is financially secure, this plan can be an ideal fit. A small monthly contribution like ₹1358 can turn into a substantial ₹25 lakh over time, all while ensuring life cover for your loved ones.