LIC Jeevan Akshay: Everyone worries about their retirement. People doing government jobs get the benefit of pension and after leaving the job, their life is fun. However, private employees keep getting worried about this. There are many schemes for this as well, but in them you have to deposit money for a very long time. If you did not invest in these schemes in your youth, then you do not get the facility of pension. Meanwhile, LIC also offers such a policy, in which once you deposit money, your old age is protected.
The name of this plan of LIC is LIC’s Jeevan Akshay Policy. It gives good returns in long term investment. In this, you have 10 different investment options and you can take advantage of pension by investing in any option according to your convenience. In this scheme, you have to deposit money only once and get pension every month after retirement.
Three thousand pension every month on depositing 1 lakh
On investing one lakh in Jeevan Akshay Yojana, one gets a pension of three thousand rupees per month and 12 thousand rupees annually. In this way, the more you invest, the more pension you will get. The policyholder gets a guaranteed annuity rate at the beginning of taking the policy. Out of these, if you opt for an annuity payable for life at a uniform rate, then you will get a pension of four thousand rupees every month. There is no maximum investment limit in this policy. People in the age group of 35 to 85 years can take the policy.
On what basis do you get pension?
Under this policy, a pension of Rs 36,429 per month is available on taking a sum assured of Rs 70,00,000 under the Annuity Payable for Lifetime option at the age of 45 years. However, the benefit of pension is available only to the policyholder. After his death, the nominee can claim the rest of the money. On the other hand, at the age of 65, if you choose the sum assured of 9,00,000, you will have to pay Rs 9,16,200 together. After this, a pension of Rs 6326 is available every month.
