LIC Jeevan Akshay Policy
Investing in LIC's policy is taken into account very safe. LIC offers customers endowment, pension, term and life time plans. The government-run company doesn't need to worry about losing money. So LIC has different policies but today we are getting to tell you about LIC's Life Renewable Policy. Through it you'll manage your pension monthly . This policy of LIC are often invested together. Jeevan Akshay is one among the foremost popular and best selling policies of LIC.
What is special about this LIC policy?
this is often a non-linked policy which has nothing to try to to with the stock exchange . Speaking of the peculiarities of the policy, the pension received through it's taxed under 80C of the tax Act. A minimum of 1 lakh rupees are often invested. Also there's no limit to the utmost .
Pensions are often obtained on an annual, semi-annual, quarterly, and monthly basis. Any two members of a family can take a joint annuity in it. People between the ages of 30 to 85 can invest in it and therefore the minimum annual pension is fixed at Rs 12,000. It also provides loan facility 3 months after the date of issue of the policy 📔Read Gujarati.
This policy offers 10 different options for getting a pension. you'll choose Annuity Payable for all times at a consistent Rate choice to get pension immediately. If you decide on it, you'll get a pension monthly immediately after the investment.
Age- 39
Sum Assured- 4000000
Premium- 4072000
Pension
Annual- 244800
Half-yearly- 120400
Quarterly- 59650
Monthly - 19767
consistent with the above example, if an individual invests during this policy from the age of 39 and chooses a sum assured of Rs. 4000000, he will need to pay a complete premium of Rs. 4072000. then he will get Rs. 19767 per month as pension. The policyholder will get this benefit as long as he lives.
