With the increasing age, everyone starts worrying about his retirement. In such a situation, if you are thinking of buying a pension scheme, then LIC’s Jeevan Akshay Pension Scheme may be a better option for you. Once you invest here, you will get pension every month. The best part of this scheme is that after the death of the investor, his partner will also get a lifetime pension. And later Namini also gets money.
What is this policy
Any person who is over 30 and under 85 can purchase this scheme by paying a single premium. After the age of 60, LIC will give pension every month.
There are many options
LIC Jeevan Akshay Pension Scheme also has seven different options. If the person chooses the first option, then he will get pension for only 5 years, while if he chooses the seventh option, he will continue to get pension throughout his life. The return rate for each option is also different.
How much investment will have to be made
If a person chooses option 6 and invests Rs. 8,00,000, then he will continue to get a pension of Rs. 3,917 every month. The investor can also take pension quarterly, half-yearly and year-round. Also, under the scheme, the investor will also be able to take a loan.
How long will the pension be received
As far as pension is concerned, pension can be taken throughout the life of LIC on special policy.
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