As discussed in previous articles, life is full of uncertainties, so it’s important to invest a portion of your earnings to secure your future, especially for retirement. LIC (Life Insurance Corporation of India) has been a trusted name for years, and one of its standout plans is the LIC Jeevan Akshay Policy. This plan offers a unique approach to retirement savings compared to traditional insurance plans. Here’s everything you need to know:
Key Features of LIC Jeevan Akshay Policy:
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Single Investment, Regular Returns: With LIC Jeevan Akshay, you make a lump sum investment and receive a guaranteed monthly pension.
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Pension Amount: Depending on your investment, you can receive a monthly pension of up to ₹20,000.
Investment Requirements:
- To receive the maximum pension of ₹20,000 per month, a lump sum investment of ₹15 lakh is required.
Eligibility and Availability:
- This policy is available to individuals aged 30 to 85 years and can be purchased both online and offline.
Policy Term:
- LIC Jeevan Akshay is available in both single and joint insurance plans with a term of 10 years.
This plan offers a secure and convenient way to ensure a stable monthly income post-retirement, making it a reliable choice for long-term financial planning.
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