LIC Superhit Scheme: There are many investment options available to prepare a retirement corpus, among these LIC’s plan annuity plan LIC Jeevan Akshay Policy is also included. You can also choose this plan for retirement planning.
LIC Superhit Scheme: Life Insurance Corporation (LIC) offers many attractive policies for every category of investors and a large number of investors trust LIC policies for safe investment. Those working in the private sector do not get the security net of pension, in such a situation it becomes necessary to do retirement planning in advance. There are many investment options available to prepare a retirement corpus, among these LIC’s plan annuity plan LIC Jeevan Akshay Policy is also included. You can also choose this plan for retirement planning
Special details about LIC Jeevan Akshay Policy
Jeevan Akshay Plan is an immediate annuity plan, which is a single premium policy and a lump sum amount has to be invested in it. You can pay the annuity once a month, every three months, twice a year or once in the whole year. Payout starts as soon as the plan starts, so you cannot change your payment option later.
How much pension will you get?
The bigger the investment you make 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, you get an annual return of Rs 28,625. Pension comes to Rs 2315 per month, Rs 6,988 quarterly and Rs 14,088 half yearly.
How much will have to be invested every month for a pension of Rs 16,000?
If you want to get a pension of Rs 16,000 every month through LIC Jeevan Akshay Plan after retirement, then you have to make a lump sum investment of Rs 35 lakh for this. With this, you get a pension of Rs 16,479 every month, Rs 49,744 quarterly, Rs 1,00,275 half-yearly and Rs 2,03,700 annually.
