LIC Policy: Get a pension of Rs 12,000 on an investment of Rs 1 lakh, say bye-bye to retirement tension

The monthly salary during the job makes life easy, but the biggest concern after retirement is regular income. This is the reason why many people look for an option before retirement that will give them a guaranteed income throughout their life. If you...

National Desk: The monthly salary during the job makes life easy, but the biggest concern after retirement is regular income. This is the reason why many people look for an option before retirement that will give them a guaranteed income throughout their life. If you are also looking for such a plan, then LIC's "Jeevan Akshay Policy" can be a great option for you. Once you invest in this scheme, you will keep getting a fixed pension every month - without any risk.

What is LIC Jeevan Akshay Policy?

LIC's Jeevan Akshay policy is a single premium, non-linked and non-participating personal annuity plan. This means that you have to invest money only once, and then pension keeps coming into your account at regular intervals. This plan provides a solid solution for financial security after retirement.

Who can invest?

 

• Age limit: Anyone between 30 to 85 years can invest in it.
• You can buy this policy both singly or jointly (husband-wife).

How much pension will I get?

• If you invest ₹1 lakh, you will get a pension of ₹12,000 annually i.e. ₹1,000 per month.
• On the other hand, if you want to get a pension of ₹ 20,000 every month, then for this you will have to make a lump sum investment of about ₹ 40.72 lakh.

Payment Options

You can choose the mode of receiving pension as per your convenience:

• monthly
• Quarterly
• Half Year
• Annual

Why is this policy beneficial?

• After lump sum investment, life long income is assured.
• There is no impact of market fluctuations – this is a completely safe scheme.
• In case of a joint policy, the spouse continues to receive pension even after the death of the policyholder.
• The investor gets financial security for life.

LIC Jeevan Akshay Policy is an ideal choice for those who want a stable and reliable income for their expenses after retirement. This plan ensures financial independence for life—that too without any risk.