With increasing age, everyone begins to worry about his retirement. In such a situation, if you are thinking of buying a pension plan, LIC’s Jeevan Akshay pension plan may be the best option for you. Once you invest here, you get a pension every month. The best part of this plan is that after the death of the investor, his partner also gets a lifetime pension. And then the nominee gets paid too.
What is this policy
Anyone over the age of 30 and under 85 years old can purchase this plan at the same premium. LIC offers pension every month after 60 years.
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There are so many options
The LIC Jeevan Akshay Pension Scheme has seven different options. If a person chooses the first option, he will only receive a pension for 5 years, but if he chooses the seventh option, he will continue to receive the pension throughout his life. The return rate of each option is different.
How much to invest
If a person chooses option 6 and pays Rs 8,00,000. If invested, a pension of Rs 3,917 will be available every month. Investors can take the pension quarterly, half-yearly and year-round. Also, under the scheme, investors will also be able to take out a loan.
How many days will the pension get?
As for the pension, the pension can be taken throughout the life of the LIC on special policy.
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