New Delhi: If you are planning to invest at this time, then definitely read this news. Thinking of investing, but there is confusion as to where to invest so do not get upset at all. You can invest in LIC scheme. Where you can earn good profits by investing. LIC has introduced several policies in which you will get guaranteed returns after investing. Under the LIC Jeevan Akshay Policy, the policyholder gets an opportunity to avail a lifetime pension after paying the installment only once.
Once installment, raise life-long pension
LIC is the most trusted institution. It enjoys the highest popularity across the country. The reason for this is that investing in its policy is safe in every respect. Being a government institution, money cannot be drowned here. Investing in LIC policy is the first choice of the people. The returns on its policy maturity are also good. Under the policy, the policyholder gets an opportunity to take a lifetime pension after paying the installment only once.
Know about Jeevan Akshay Policy
The newly launched Jeevan Akshay Policy-VII Immediate Annuity Plan by LIC. In this, once a premium is paid, the facility of getting a lifetime pension is provided. Investors can select any one of the 10 existing annuity options by making a lump sum premium payment in this life insurance policy of LIC. Options A to J will be available only with Jeevan Akshay Scheme.
How old people can buy the policy
Any Indian citizen can take Jeevan Akshay Policy. In this, investors can get pension by paying an installment of Rs 1 lakh. The thing to note is that if you want a pension of 20 thousand rupees every month, then you will have to invest more. One can deposit any amount in this scheme. Only people between 30 and 85 years can invest in this policy.
Pension of 20 thousand rupees every month
LIC’s Jeevan Akshay Policy-VII will have a total of 10 options. There is an option (A), in which you get a pension of 20 thousand rupees every month at the same premium. If you want this pension every month, then you have to choose the monthly pension option. According to the calculation, to get a pension of 20 thousand rupees every month, you will have to invest 40,72,000 rupees at a time. Then your monthly pension will be Rs 20,967.
How to pay in Jeevan Akshay Policy
In LIC Jeevan Akshay Policy, premium payment can be made half yearly, quarterly and monthly. While pension is Rs 2,60,000 on yearly basis, Rs 1,27,600 on half yearly basis, Rs 63,250 on quarterly basis and Rs 20,967 on monthly basis. Initially annuity rates are guaranteed upon purchasing this policy. The policyholder is paid an annuity throughout the life.
These are the conditions of this policy
- Any Indian citizen is eligible for investment in this policy
- Be between 30 and 85 years old Any two members of a family can take joint annuity in it Minimum one lakh rupees can be invested
- The minimum annual pension is fixed at Rs 12 thousand.
- The loan facility is also available through 3 months (from the date of issue of the policy).
