Life Insurance Company of India is the market chief in relation to insurance coverage. The federal government-owned firm has extra market share than all different firms mixed. One of many main causes for that is the belief constructed by him among the many public. LIC’s insurance policies not solely present insurance coverage cowl, however in addition they provide nice returns. LIC’s Jeevan Akshay is one in every of such insurance policies. This is among the greatest LIC insurance policies. You’ll be able to earn as much as Rs 20,000 each month by paying a lump sum quantity.
The corporate has a number of insurance policies. Some are purely life insurance coverage insurance policies. LIC Jeevan Akshay, nonetheless, ensures a month-to-month pension towards the lump sum quantity deposited with the corporate.
How will LIC Jeevan Akshay give Rs 20000 monthly to the investor?
For any individual to earn Rs 20,000 monthly, he has to take a position Rs 40 lakh 72 thousand in Life Insurance Company.
If the investor pays Rs 6 lakh 10 thousand 800, then the sum assured below LIC Jeevan Akshay can be Rs 6 lakh. Underneath this, you may be given Rs 76,650 as annual pension. Means your half yearly pension can be Rs.37000.
A pensioner will get pension for all times.
The minimal pension allowed is Rs 12000 every year.
Different advantages of the scheme embody the ability to avail loans. Coverage holders can safe a mortgage towards the coverage after 90 days of buying it.
The minimal funding on this scheme is Rs 1 lakh.
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