If you are looking for a scheme in which you can secure your old age and get regular income, then you can invest in LIC’s Jeevan Akshay policy. Know the specialty.
Life Insurance Corporation of India (LIC) has been coming up with various schemes for its customers from time to time according to their needs. If you are looking for a scheme in which you can secure your old age and get regular income, then you can invest in LIC Jeevan Akshay Policy and get the benefit of lifelong pension. can take. Know here the special things related to the life insurance policy of Life Insurance Corporation of India.
People between 30 to 85 years can invest
Jeevan Akshay Policy is a single premium non-linked non-participating and personal annuity plan, specially designed as a retirement plan. Minimum one lakh can be invested in this, but there is no maximum limit. It can be bought both online and offline. The minimum age for purchase is 30 years and the maximum age is 85 years
Options available for the policy amount
You are given 10 options for how you want the policy amount. You can choose your preferred option. You can buy the policy in single or joint form. Loan facility is also given to you after three months of the policy issuance. Under the policy, you can take pension monthly, quarterly, half yearly and annually. By investing one lakh, you can get an annual pension of up to 12 thousand rupees in it.
pension calculation
Suppose a person at the age of 75 years puts a lump sum of Rs 610800 in this policy, then his sum assured will be Rs 6 lakh. In this way, his annual pension will be Rs 76650, half yearly pension will be Rs 37035, on quarterly basis Rs 18,225 and monthly basis will be Rs 6008, which will be available for life. Pension will be available monthly, quarterly, half yearly or annually as per the option chosen by the investor. The benefit of death benefit is also given under the policy
Suppose a person at the age of 75 years puts a lump sum of Rs 610800 in this policy, then his sum assured will be Rs 6 lakh. In this way, his annual pension will be Rs 76650, half yearly pension will be Rs 37035, on quarterly basis Rs 18,225 and monthly basis will be Rs 6008, which will be available for life. Pension will be available monthly, quarterly, half yearly or annually as per the option chosen by the investor. The benefit of death benefit is also given under the policy
