Investing Plan LIC Pension Scheme Life Insurance Corporation of India (LIC) is considered by investors all over the country as a better option and it is their first choice in terms of investment. Many investment plans are offered from time to time by LIC in terms of log term and safe investment. In this, LIC’s Jeevan Akshay Policy is being seen as a better plan. Under this, the investor gets the facility of guaranteed guaranteed pension. The special feature of this policy of LIC is that once you invest in it, the investor gets the benefit of a fixed pension every month.
LIC’s Jeevan Akshay Policy can be taken by individuals in the age group of 30 to 85 years. It also provides for joint investment. Investors in Jeevan Akshay plan pay a single premium of one lakh rupees, instead of which money continues to be available throughout the life. On investing one lakh in this policy, a pension of three thousand rupees is received per month and a pension of 12 thousand rupees annually. In this way, the more you invest, the more pension you will get. However, the investor investing in this policy does not get the facility of loan.
If investors invest 9,16,200 at a time in this policy, then they get a sum assured of Rs 9 lakh. In addition, investors can also take advantage of one percent tax rebate. At the same time, you will get Rs 86,265 annually. You will get Rs 42,008 on half-yearly basis and if you want to take money on a quarterly basis, you will be given Rs 20,745. Similarly, if you want to take pension on a monthly basis, you will get an amount of Rs 6,859.
You get ten different options in Jeevan Akshay Yojana. Of these, if you choose the option of annuity payable for life at a uniform rate, then you will get a pension of four thousand rupees every month. Pension under this scheme can be taken annually, half-yearly, quarterly or every month. Apart from this, there are many other benefits in this scheme. This policy can be taken both online or offline. The benefit of the scheme is available till the policy holder survives.
