Have you been searching for an endowment plan that offers the benefits found in an entire life policy and tax exemptions too? Then you would have surely heard about the LIC Jeevan Anand Tax Benefit.
The LIC New Jeevan Anand is a kind of participating life insurance that offers 2 benefits, namely:
1.Protection
2. Savings
In other words, not only will this plan protect you financially in case of an untimely death, but it will also offer a lump sum amount in case you or the individual under the policy survives till the end of the insurance period. To top it off, it’s also a great way to save tax!
Hope that helps!
Benefits that you get with this policy:
This policy will offer you two benefits, ie. financial protection in the case of the death of the policyholder and savings upon survival.
If you want to know more about this policy , then you should definitely read “What is the LIC Jeevan Anand Tax Benefit?”. It’s a great read for people who want to understand more on LIC.
The chart given below should help you get a clear picture of the returns that you can expect. As you can see, it’s a good idea to start investing in this policy at a young age!
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