LIC Superhit Scheme: There are many investment options available to prepare retirement corpus, out of which 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 create a retirement corpus, out of which 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 put the annuity once in a month, in three months, twice in a year or once in a whole year. Payout starts as soon as the plan is launched, so you cannot change your payment option later.
How much pension will you get?
The thicker you invest 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. Rs 2315 per month, Rs 6,988 quarterly, half yearly Rs 14,088 pension comes.
How much will have to be invested for 16,000 pension every month?
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 per month, quarterly Rs 49,744, half yearly Rs 1,00,275 and yearly Rs 2,03,700.
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