LIC Superhit Scheme: There are various funding choices accessible to organize a retirement corpus, amongst these LIC’s plan annuity plan LIC Jeevan Akshay Coverage can be included. You may also select this plan for retirement planning.
LIC Superhit Scheme: Life Insurance coverage Company (LIC) presents many engaging insurance policies for each class of buyers and a lot of buyers belief LIC insurance policies for secure funding. These working within the non-public sector don’t get the safety web of pension, in such a scenario it turns into essential to do retirement planning prematurely. There are various funding choices accessible to organize a retirement corpus, amongst these LIC’s plan annuity plan LIC Jeevan Akshay Coverage can be included. You may also select this plan for retirement planning
Particular particulars about LIC Jeevan Akshay Coverage
Jeevan Akshay Plan is a direct annuity plan, which is a single premium coverage and a lump sum quantity needs to be invested in it. You’ll be able to pay the annuity as soon as a month, each three months, twice a 12 months or as soon as in the entire 12 months. Payout begins as quickly because the plan begins, so you can’t change your fee choice later.
How a lot pension will you get?
The larger the funding you make on this scheme, the extra pension you’ll get. You’ll be able to make investments with a minimal of Rs 1 lakh. And the minimal age ought to be 30 years. Should you make investments Rs 5 lakh on this scheme, you get an annual return of Rs 28,625. Pension involves Rs 2315 per 30 days, Rs 6,988 quarterly and Rs 14,088 half yearly.
How a lot must be invested each month for a pension of Rs 16,000?
If you wish to get a pension of Rs 16,000 each month via LIC Jeevan Akshay Plan after retirement, then you need to make a lump sum funding of Rs 35 lakh for this. With this, you get a pension of Rs 16,479 each month, Rs 49,744 quarterly, Rs 1,00,275 half-yearly and Rs 2,03,700 yearly.
