When it comes to Investment and Life Security, LIC is considered to be the most trusted name in India. LIC’s Jeevan Anand (Plan 915) is a time-tested policy, which offers a strong combination of savings and lifetime insurance. This policy is for those who want long-term protection and disciplined savings at a low premium. A large corpus can be created by small savings of around ₹45 per day or around ₹1,400 per month. If the age is 35 years and Sum Assured is ₹ 5 lakh, then the annual premium will be around ₹ 16,300. By paying premium for 35 years, you can get around ₹ 25 lakh at maturity. The special thing is that life cover continues even after maturity. Tax benefits are completely tax-free under Section 80C and 10(10D).