Here is all about investment seekers as it permits them to save a little to build an entity for their retirement (life insurance company) proffers several benefits that benefit investment seekers to ensure their retirement. Apart from it, Investors get an extraordinary return as they get the choice to save with the policies. This can secure financial security even after your retirement and the finest options.
Jeevan Akshay yojana is all about an individual who can invest a definite amount just once and get benefits such as monthly pensions. The scheme is for individuals aged between 30 to 85 years and returns will be continued until the death of the assignee. In this scheme single premium is one lakh as the minimum investment and no maximum limit to the purchase policy.
It attains joint investors Foremost this allows joint investment options but each individual has to invest rupees one lakh individually. After investment an individual start getting a monthly pension soon.
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From the start of taking a policy, it provides a guaranteed annuity rate for a policyholder. However, returns on investment differ from the option you select for your investment.
LIC offers 10 annuity options in Jeevan Akshay plan VII Annuity option A to annuity option G (single life) and annuity option H to annuity option J ( joint life)
This scheme is available on both you can buy it online or offline according to your preference.
Assume that you deposited 9,16,200 as a whole in Jeevan Akshay’s policy. Harshly your investment is approximately RS 9 lakh. Then as a return on your investment, you will get Rs 6,859 per month. Similarly, you will get 20,745 quarterly, 42,008 half-yearly, and 86,265 as of annual base. If you want to take a pension of 20,000 per month then you have to invest Rs 40 lakh.
