Under Jeevan Akshay policy of LIC, premium has to be paid only once. There is no maximum investment limit and 10 options are also given for getting pension.
New Delhi. The country’s largest and trusted insurance company, Life Insurance Corporation of India (LIC), stopped its very popular insurance policy Jeevan Akshay Policy (LIC Jeevan Akshay Policy), but now it is being started once again. Under the LIC Jeevan Akshay Policy, the policyholder gets an opportunity to take the pension for life after giving installment only once.
There is no limit to maximum investment
Jeevan Akshay policy is single premium non linked non participating and personal annuity plan. The policy can be started by investing at least Rs 1,00,000 in it. No limit for maximum investment has been fixed in this policy.
If a person invests at least one lakh rupees in this policy, then they will get a pension of Rs 12,000 annually. This means that every year 12,000 rupees will be received as pension on an investment of 1 lakh rupees. There is no limit to the maximum investment because the policyholder can invest in it as much as he wishes. The amount of pension will depend on the amount invested.
What is the qualification?
Talking about eligibility, people can take this policy from 35 years to 85 years. Apart from this, disabled people can also take advantage of this policy. A special feature of this policy is that how to get pension amount, 10 options are also given for this.
how will pension of 36 thousand rupees every month?
By choosing the option of Annuity payable for life at a uniform rate of Jeevan Akshay policy, you can get a pension of 36 thousand rupees every month by investing lump sum in this policy. For example, if a 45-year-old person chooses this plan and also opts for the sum assured of Rs 70,00,000, then he will have to pay a lump sum premium of Rs 71,26,000. After this investment, he will get a pension of Rs 36,429 per month. However, this pension will stop after death. There are many such plans in LIC’s Jeevan Akshay Policy.