When it comes to insurance in India, Life Insurance Corporation of India dominates the industry. The government-owned company dominates the market more than all other companies combined. The widespread trust they have gained is one of the main causes of this. LIC schemes offer substantial rewards in addition to insurance coverage. One of these policies is the Jeevan Akshay from LIC. It is among the top LIC insurance. By paying a lump sum of money, one can earn up to Rs 20,000 per month.
The company has a lot of policies. Some policies just provide insurance coverage. However, LIC Jeevan Akshay guarantees a monthly pension in exchange for a lump sum deposited with the company.
How is the investor going to get Rs 20000 per month from LIC Jeevan Akshay?
Any person must invest Rs 40 lakh 72 thousand with the Life Insurance Corporation in order to earn Rs 20,000 per month.
The amount assured under LIC Jeevan Akshay will be Rs. 6 lakh if the investor pays Rs. 6 lakh 10 thousand and 800. You will receive an annual pension of Rs 76,650 under this. Your half-yearly pension will therefore be Rs. 37,000.
A pensioner gets the pension throughout her life.
The minimum pension allowed is Rs 12000 per year.
The ability to obtain a loan is one of the plan’s additional features. 90 days after buying a policy, the holder can obtain a loan against it.
This plan requires a minimum investment of Rs 1 lakh.