Utility News Desk !!! Whenever there is talk of life insurance in the country, one name comes to everyone’s mind and that name is Life Insurance Corporation of India (LIC). This insurance company has excellent policies for people of all ages. LIC’s market share is more than other insurance companies in the country.
LIC has won the trust of the public as it allows its investors to secure their future. LIC runs and launches a variety of schemes and its policies are quite popular among the people. One such scheme is LIC Jeevan Akshay Policy. However, this scheme is a bit different from other policies.
To buy LIC Jeevan Akshay policy you have to invest a certain amount once and then you can get a monthly pension of up to Rs 20,000. Depositing a lump sum amount with the insurer will relieve you from the stress of monthly premium payments. If you invest in LIC Jeevan Akshay policy, your investment will start giving returns after a predetermined time period.
LIC Jeevan Akshay policy can be purchased both online and offline and is available for individuals aged between 30 and 85 years. The minimum single premium investment for this policy is Rs. 1 lakh and the minimum pension received from this policy is Rs. 12,000. LIC Jeevan Akshay policy is available for 10-year single and joint insurance policies.
Now the question is how can you get a monthly pension of Rs 20,000 per month from this policy. If you want to earn Rs 20,000 every month then you have to invest a lump sum of Rs 40,72,000 in LIC Jeevan Akshay policy.
