LIC New Scheme: There is no shortage of money while working because the salary keeps coming every month. However, after retirement, the salary stops coming. Then there is a shortage of money. Everyone is worried about managing expenses after retirement. If you also want a fixed pension for expenses after retirement, you can invest in LIC’s Jeevan Akshay policy. In this policy, you have to invest once, and then you will keep getting a pension every month. Let us know all the essential things related to this policy.
Age Limit For Investment: 30 Years To 85 Years
The age limit for investment in the LIC Jeevan Akshay policy is from 30 years to 85 years. That is, any person of this age can invest. Let us tell you that this policy is a single-premium non-linked non-participating and personal annuity plan. Once the money is deposited, the income is fixed for life. In this case, the pension amount depends on your investment.
You Can Buy This Policy In Single Or Joint Form
You can buy this policy in single or joint form. You can get a pension on your investment monthly, quarterly, half-yearly, or yearly. A pension of Rs 12 thousand on an investment of Rs 1 lakh: By investing Rs 1 lakh in this policy, you will get a pension of Rs 12,000.
On The Other Hand, If You Want A Pension Of Rs 20,000 Every Month
On the other hand, if you want a pension of Rs 20,000 every month, you have to invest a lump sum of Rs 40,72,000 in the LIC Jeevan Akshay Policy. Why is it beneficial to buy a policy? Once the premium is paid, you start getting money every month. This is good for those who have retired and need a regular income.
In This, You Get Income Throughout Your Life
You keep getting income throughout your life, no matter how many years you live. This ensures that your savings will not end and you will always get money. Your investment is not affected by market fluctuations. You can choose different payout options based on your needs, such as lifetime income or for both spouses.
