new Delhi. When the future is safe then most people have faith in LIC policies. Because investing in it in the long term gives strong returns. Also, the risk is also less. So if you also want to invest your money in the right place, but want to avoid the hassle of paying the premium again and again, then there is a good scheme for you. Its name is Jeevan Akshay Policy. In this, you will get the facility of getting a pension of up to 36 thousand rupees every month throughout the life by paying installment only once. So what is this policy and how to invest in it, know the process.
What is Jeevan Akshay Policy
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. In this case, if you deposit one lakh rupees, then you will get a pension of 12,000 rupees annually. The policy can be taken from 35 to 85 years old. LIC has given 10 different options for how to receive pension amount.
Annuity Payable for Lifetime is a better option
Annuity payable for life at a uniform rate option of Jeevan Akshay Policy is good for getting pension. By choosing this option, you can get a pension of up to 36 thousand rupees every month. If a person is 45 years old and opts for a sum assured of Rs 70,00,000, then he has 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 facility will be discontinued after death.