Posted on 26-01-2021 by Admin
Are you financially ready for your future? If not, then this news is of great use to you. Preparations will have to be done today to secure the future. You can do this by depositing money in a pension scheme or any other retirement fund. LIC is the largest and state-run insurance company in the country.
LIC has several schemes in which you will get guaranteed pension every month. The good thing is that in these schemes you do not have to pay money again and again. Rather, you will get a pension of thousands of rupees every month just by paying a premium. Here we will tell you about that scheme of LIC in which you will start getting a pension of Rs 5000 every month by paying only one premium.
Jeevan Akshay Pension Policy LIC Jeevan Akshay Policy will start getting a pension of Rs 5 thousand every month by paying a premium. Jeevan Akshay Policy is an annuity plan. You will get this pension for your whole life. By the way, the amount you invest in the annuity scheme, along with interest, starts getting income after some time. The specialty of Jeevan Akshay Pension Policy is that you can get a pension of Rs 5000 every month by paying a premium.
Know that the age rule cannot be invested in this policy. First of all, only an Indian can take LIC Jeevan Akshay Policy. There is also a rule of age for this policy. The age of the investor should be 30 to 85 years. The annual annuity is at least Rs 12000. For this, an investment of at least Rs 1 lakh is necessary.
Before investing in the policy, know that pension will be taxed under Section 80C of Income Tax. As far as pension of Rs 5000 per month is concerned, you have to pay a premium of Rs 814400 in each bar. Also choose option A (Annuity payable for life at a uniform rate) for monthly pension.
Understand this scheme, if you invest in this policy at the age of 61 and choose the sum assured of Rs 8 lakh, then you have to pay a single premium of Rs 8,14,400. Then, on choosing the monthly pension option, you will start getting a pension of Rs 5157 per month.