LIC is considered one of the best companies when it comes to life insurance. It is also the safest and trusted companies in the country. Millions of people have invested in LIC’s policy. For people who want a lifetime benefit of pension, check out the new policy.
The Jeevan Akshay policy is an old policy that has recently been launched again for the people. In this policy, people can avail of pension every month by investing. Millions of people have already invested in this policy. For people who looking for a pension every month, this policy is the best.
Speaking of eligibility, people from 30 till 85 years can invest in this policy easily but it is available only for Indians. There is no need to buy a medical for this policy. One can buy it with a minimum investment of Rs 1 lakh. The policyholder is given 10 different options to choose an annuity.
In this policy, a person can get a monthly pension up to Rs 24,000 immediately after investment. For this policy, one needs to choose option A which means Annuity payable for life.
Sum Assured: 5000000
Lump-Sum premium: 5090000
Half Yearly: 148875
If a 37-year-old person chooses the 5000000 Sum Assured option, he will have to pay a premium of Rs 5090000. After this investment, he gets a pension of Rs 24479 per month. The person will get this payment till he survives and will stop after his death.