One plan... Lifetime pension... Who will get it..?!

In terms of the indian insurance market, the central government-owned life insurance corporation of india is the only company that dominates. Although many companies are competing with lic, no one has indeed been able to match the speed of LIC. Especially among the people the government-owned company has gained more trust than all other companies and has a higher market share in the trade. lic policies not only provide insurance services but also give higher returns on the investment of the people. We are now going to look at an important project.
LIC's jeevan Akshay is considered one of the best policies. Earn up to Rs.20,000 every month by making a lump sum payment. lic has many policies, some are purely life cover policies, some are based on stock market investment, etc. But the lic jeevan Akshay plan provides a guaranteed monthly pension against the deposited amount of a single premium amount. How lic jeevan Akshay pays Rs 20000 per month to the investor.If everyone wants to earn Rs.20,000 per month, one has to invest Rs.40,72,000 in a single premium in the lic jeevan Akshay plan. Although this is a bit big amount, it is a perfect plan for everyone who is planning to secure their retirement. So if you ask if this plan is not suitable for those who invest less amount, the answer is that it should be for all walks of life, even a small amount can be invested.For example, if an investor pays Rs 6,10,800 and invests Rs 6 lakh as a sum assured in the lic jeevan Akshay scheme. 76,650 as pension per annum. That means Rs 37,000 for 6 months. lic jeevan Akshay who invests in the scheme will get a lifetime pension. The minimum pension under this scheme is Rs 12000 per annum. So that investors can invest according to their choice. lic jeevan Akshay scheme also has the facility of availing loan in the list of other benefits. Policyholders can avail of the loan after 90 days of purchasing the policy. The minimum investment in this scheme is Rs.1 lakh.

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LIC's jeevan akshya plan

Sowmiya Sriram

02/01/2023 09:52 PM