LIC Jeevan Akshay Policy: Whenever we talk about insurance, the name of LIC comes first. The market share of this government owned company is huge as compared to any other insurance company. LIC allows its investors to secure their future and mainly their retirement and has gained huge trust of the people. The policies offered by LIC allow investors to earn high returns and also provide tax saving options.

Some of the policies offered by LIC are life insurance and pension plans, which like most plans allow investors to save in chunks to build a corpus for their retirement.

LIC Jeevan Akshay Policy

LIC's Jeevan Akshay policy is different from all other policies offered by the insurer.  For those who take the Jeevan Akshay policy, the lump sum amount deposited with the insurer provides the benefit of a monthly pension of up to Rs 20,000.  It reduces the stress of monthly payments and installments, making it a policy that is gaining popularity and becoming one of the best LIC policies available to the public.

Investment in Jeevan Akshay policy starts providing income after a predetermined time frame.  Once LIC has earned sufficient interest from the money invested.  This income can be received monthly, quarterly or annually till the beneficiary passes away.

Jeevan Akshay policy can be bought online or offline by a person between the age of 30 to 85 years with a single premium minimum investment of Rs 1 lakh.  The minimum pension that one can get is Rs.12,000.  The policy is available with ten annuity options to choose from for both single life and joint life policies.  One of the added benefits of the plan is the ability to avail loan after 90 days of purchasing the policy.

Now you must be wondering how the monthly pension works with this policy and how you can get Rs 20,000 per month.  For a person who wants to get Rs 20,000 monthly, the lump sum amount with Life Insurance Corporation will come up to Rs 40 lakh 72 thousand.  This is the reason why this scheme is attracting the attention of many and is becoming popular among the people.

LIC Jeevan Akshay Policy: You can get a monthly pension of up to Rs 20,000 every month by depositing lump sum money in LIC's Jeevan Akshay policy. The policies offered by LIC allow investors to earn high returns and also provide tax saving options.

Jeevan Akshay policy can be bought online or offline by a person between the age of 30 to 85 years with a single premium minimum investment of Rs 1 lakh. The minimum pension that one can get is Rs.12,000. The policy is available with ten annuity options to choose from for both single life and joint life policies. One of the added benefits of the plan is the ability to avail loan after 90 days of purchasing the policy.

Now you must be wondering how the monthly pension works with this policy and how you can get Rs 20,000 per month. For a person who wants to get Rs 20,000 monthly, the lump sum amount with Life Insurance Corporation will come up to Rs 40 lakh 72 thousand. This is the reason why this scheme is attracting the attention of many and is becoming popular among the people.