LIC Jeevan Akshay Policy: Life Insurance Corporation (LIC) keeps on bringing many attractive policies for every class of investors. A large number of investors in the country rely on LIC policies for safe investment
LIC Jeevan Akshay Policy: Life Insurance Corporation (LIC) keeps on bringing many attractive policies for every class of investors. A large number of investors in the country rely on LIC policies for safe investment. Those working in the private sector do not get the security of pension after retirement. In such a situation, it becomes necessary to do retirement planning in advance. Now there are many investment options available in the market to create a retirement fund. LIC Jeevan Akshay Policy is also included. You can also choose this plan for retirement planning.
LIC Jeevan Akshay Policy
Jeevan Akshay Plan is an annuity plan. This is a single premium policy and in this you invest an amount together, on which you get a return ie pension. You can choose to invest the annuity once a month, quarterly, twice a year or once throughout the year. You start getting paid as soon as the plan is launched. In this, you cannot change the payment option later.
How much pension will you get?
The more money you invest in this scheme, the more pension you will get. You can invest with a minimum of Rs 1 lakh. And the minimum age should be 30 years. If you invest Rs 5 lakh in this scheme, then you get a return of Rs 28,625 annually. Means, Rs 2,315 every month, Rs 6,988 quarterly, half yearly Rs 14,088 pension will be received.
How much will have to be invested for 16,000 pension every month?
If you want to get a pension of Rs 16,000 every month through LIC Jeevan Akshay plan after retirement, then you will have to pay Rs 35 lakh for this together. On investing Rs 35 lakh, you will get Rs 16,479 monthly, Rs 49,744 quarterly, Rs 1,00,275 half yearly and Rs 2,03,700 annually.
