Under LIC Jeevan Akshay policy, premium has to be paid only once. Divyang can also invest in this policy. There is no maximum investment limit and 10 options are also given to get pension.
The country’s largest and trusted insurance company i.e. Life Insurance Corporation of India (LIC) had closed one of its very popular insurance policy Jeevan Akshay Policy, but now it is being started once again. Under LIC Jeevan Akshay policy, the policyholder gets an opportunity to avail pension for life after paying the installment only once.
No maximum investment limit
Jeevan Akshay Policy is a single premium non linked non participating and personal annuity plan. The policy can be started by investing at least Rs 1,00,000 in this. There is no limit on the maximum investment in this policy.
If a person invests at least one lakh rupees in this policy, then they will get an annual pension of Rs 12,000. This means that on a one-time investment of Rs 1 lakh, you will get Rs 12,000 as pension every year. Since there is no maximum investment limit, the policyholder can invest as much as he wants in it. The amount of pension will depend on the amount invested.
What is qualification?
Talking about eligibility, people of 35 years to 85 years can take this policy. Apart from this, people with disabilities can also take advantage of this policy. A special feature of this policy is that 10 options are also given for how to get the pension amount.
How to get a pension of 36 thousand rupees every month?
By choosing the option of Annuity payable for life at a uniform rate of Jeevan Akshay policy, you can get a pension of 36 thousand rupees every month by investing a lump sum in this policy. For example, if a 45-year-old person opts for this plan and also opts for the sum assured option of Rs 70,00,000, then he will have to pay a lump sum premium of Rs 71,26,000. After this investment, he will get a pension of Rs 36,429 per month. However, this pension will stop after death. LIC There are many such plans in the Jeevan Akshay policy.
