LIC Scheme: You can invest in THIS policy to get Rs 6,859 every month - Check Jeevan Akshay details

Life Insurance Corporation of India (LIC) is offering the 'Jeevan Akshay' policy to people. The policy ensures a regular monthly pension for investors. people can invest in this policy for themselves or for their loved ones.

LIC Scheme: You can invest in THIS policy to get Rs 6,859 every month - Check Jeevan Akshay details. Photo: PTI

Life Insurance Corporation of India (LIC) is offering the 'Jeevan Akshay' policy to people. The policy ensures a regular monthly pension for investors. people can invest in this policy for themselves or for their loved ones.

The policyholder will have to invest a fixed amount once and then they can enjoy pensions every month, under the scheme.

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The state-owned insurance company is providing various options to its policyholders under the scheme. They can opt for the pension on a yearly, half-yearly, quarterly and monthly basis.

The policy is open to all Indians between the age of 30 and 85 years. Also, two members of the family can become joint investors as well. However, investors need to note that there is no loan facility available under the Jeevan Akshay plan.

At least Rs 1 lakh has to be invested in order to avail the benefits of the scheme. However, there is no cap or upper limit fixed on the maximum amount one can invest in the policy.

For instance, if you opt for the Rs 9,00,000 sum insured in the policy then you will have to invest a total of Rs 9,16,200. You can also avail a 1 percent tax rebate on the scheme, as per a report by zeenews.india.com.

If you invest in the policy, then you will receive a lifetime pension of Rs 6,859 every month. While on a quarterly basis an amount of Rs 20,745 will be received followed by Rs 42,008 on a half-yearly basis and Rs 86,265 on an annual basis.

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Life Insurance Corporation of India (LIC)