Whenever there is talk of life insurance in the country, a name comes to everyone’s mind and that name is Life Insurance Corporation of India (LIC). This insurance company has a great policy for people of all ages. LIC has more market share than other insurance companies in the country.
LIC has won public confidence 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 plan is LIC Jeevan Akshaya Policy. However, this plan is slightly different from other policies.
To buy LIC Jeevan Akshaya Policy, you have to invest a certain amount once and then you can get a monthly pension of up to Rs 20,000. By depositing a lump sum with the insurer, you will get relief from stress of monthly premium payment. If you invest in LIC Jeevan Akshaya Policy, your investment will start giving returns after a predetermined time frame.
LIC Jeevan Akshaya Policy can be purchased both online and offline and is available for individuals between the ages of 30 to 85 years. Minimum single premium investment for this policy is Rs. 1 lakh and minimum pension received from this policy Rs. 12,000. LIC Jeevan Akshaya Policy is available for 10 years single and joint insurance policies.
Now the question is how you can 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 will have to invest Rs 40,72,000 in LIC Jeevan Akshaya Policy.
