There is a lot of support from pension after retirement. Government employees get the benefit from the government, but private employees have a lot of problems. For such people, LIC has introduced Jeevan Akshay Plan, which is very better in terms of pension.
Delhi: In today’s era, every occupation person plans to take a pension plan to meet the financial needs after retirement. If you too are thinking like this, then we are telling you about such a plan of LIC in which once you deposit Rs 1 lakh, you will continue to get pension throughout your life.
LIC’s Jeevan Akshay Plan
Life Insurance Corporation of India (LIC) is India’s largest and state-run insurance company. LIC has brought Jeevan Akshay Plan for customers, in which you can invest for yourself or for a family member. If you want to invest in this scheme, you can take pension annually, half-yearly, quarterly or every month.
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Calculations for 6 thousand monthly pension
If the investor is 75 years old, then their sum assured is Rs 6 lakh, then for this, a lump sum premium of Rs 610800 will have to be deposited. On doing this, the annual pension will be Rs 76 thousand 650, half yearly pension will be Rs 37 thousand 35, quarterly pension will be Rs 18 thousand 225. Talking about monthly pension, you will get 6 thousand 08 rupees. Pension in Jeevan Akshay Plan is Rs 12000 annually. This pension will continue to be available to the investor till his death.
There are more advantages
LIC’s Jeevan Akshay Plan has many other benefits. Whenever you invest in it, that is, your policy is issued, after three months you can also take advantage of the loan facility. There is no Maximum Limit of investment in this scheme. This means that you can invest at least 1 lakh and maximum (no limit) in this policy.
LIC’s IPO will come this year
In the budget, the Finance Minister has announced the disinvestment policy for 2021-21. In his budget speech, Finance Minister Nirmala Sitharaman has also said that the IPO of LIC will also come this year. Soon, LIC will be listed in the market for this, which will reveal the economic status of LIC and then retail investors will also benefit from it.
