new Delhi. Investors prefer to invest in LIC policies for a secure future. LIC’s Jeevan Akshay Policy is a better option for those who are looking for better scheme to get monthly pension. In this, you can get pension for life by filling the installment just once. You will not have to pay premium every month or repeatedly. In this policy, you can get a minimum monthly pension ranging from Rs 12 to 14 thousand. So how to invest in this scheme, learn the whole process.
What is Jeevan Akshay Policy
LIC’s Jeevan Akshay is a popular scheme. It is a single premium non-linked non-participating and personal annuity plan. It has to invest at least 1 lakh rupees. There is no maximum investment limit in this policy. On taking this policy, the annuity rates are guaranteed at the beginning. In this, the annuity is paid to the policyholder throughout the age. The policy can be taken both online or offline. Although there are many options available in Jeevan Akshay policy, but for investors who want to get pension immediately, ‘Annuity Payable for Life at a Uniform Rate’ (‘A’ immediately after taking a lifetime pension policy) is the best option. is.
These options also exist for pension
There are 10 different options for getting pension in the policy. Among these, option A-intermediate annuity for life
Option B – Immediate annuity with guaranteed period of 5 years and then paid throughout the age
Option C – Immediate annuity with a guaranteed term of 10 years and then age payout
Option D – Immediate annuity with a guaranteed period of 15 years and then paid for age
Option E – Immediate annuity with a guaranteed period of 20 years and then paid for life.
Option-wise, annuity payment with return of purchase price
Option G – Annuity paid throughout the year with simple interest of 3% per annum
Option H – Joint Life Immediate Annuity throughout life with provision to provide 50% annuity to secondary annuity on death of primary annuitant
Option I – Joint Life Immediate Annuity throughout the life with the provision of giving 100% annuity if one annuity is more successful
Option J – Includes a lifetime joint life annuity annuity with a provision to pay 100% annuity on overdue of any one annuity and return purchase price on the last surviving death.
How will you get benefit
If you have opted for option A ie Annuity Payable for Life at a Uniform Rate for getting instant pension then if you are 35 years old then the sum assured amount will be Rs 3000000. Its lump sum premium will be Rs 3054000. Annual pension will be Rs 179100, half yearly Rs 88050, quarterly Rs 43688 and monthly Rs 14475.
Special features of the policy
The age of the applicant should be between 30 and 85 years to invest in this policy. In this you can get pension on yearly, half-yearly, quarterly and monthly basis. The loan facility is also available after 3 months from the date of issue of the policy. It is necessary to invest a minimum of one lakh rupees under the policy. On which you will get minimum monthly pension of 12 thousand rupees.