There are many options available in LIC’s Jeevan Akshay policy. In this, the facility of monthly pension is available on choosing option A. It has many more benefits.
If you want to invest money in such a scheme in which money is safe and gives better returns, then Jeevan Akshay Policy of Life Insurance Corporation of India is a better option. In this you will get a fixed pension. The specialty of the policy is that for this you have to pay premium only once. By the way, a total of 10 options are available in the policy. But by choosing its option ‘A’, you can get a monthly pension of up to Rs 14000 every month.
Jeevan Akshay policy can be taken by individuals between the age of 30 to 85 years. It is necessary to invest at least Rs 1 lakh in this. The policy can be bought both online and offline. It is a non-linked, non-participating and personal annuity scheme with single premium.
Benefits of the policy
1. Loan facility is also available under this policy. You can take this benefit after three months of taking the policy.
2. If someone invests more than 5 lakhs in this policy, then he also gets an incentive in the annuity rate.
3. The policy can be bought in annuity for 6 months, 3 months and 1 month. The minimum annuity is Rs 12,000 per annum. While there is no limit on the maximum amount.
4. By opting for Annuity payable for life at a uniform rate of Jeevan Akshay policy, you can get pension every month by investing in this policy in one go.
Know how to get 14 thousand rupees
If a person is 35 years old then he will have to pay a premium of Rs.300000, in which the sum assured will be Rs.29,46,955. After paying this premium, if you choose the ‘A’ option i.e. ‘Annuity payable for life at a uniform rate’, then you will start getting a monthly pension of Rs 14,214 every month after the payment. The benefit of the scheme is available till the life of the policyholder. People in the age group of 30 to 85 years can invest in this. Divyangjan can also take benefit of the scheme.
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