You will get Rs 36,000 per month, you will have to pay a premium once, take advantage of it this way

You will get Rs 36,000 per month, you will have to pay a premium once, take advantage of it this way

The country's largest and most trusted insurance company, LIC, discontinued its very popular life insurance policy, Akshaya Policy, and has now relaunched.  Under the LIC Jeevan Akshaya policy, the policyholder gets the opportunity to avail the life pension only after paying the installment once.

If a person invests at least one lakh rupees in this policy, he will get a present pension of 12,000 rupees annually.  This means that on an investment of Rs 1 lakh per annum, Rs 12,000 will be received as a pension.  There is no maximum investment limit as the policyholder can invest as much as he wishes.  The amount of the pension will depend on the amount invested.

By opting for the annuity payable for life at the same rate as the Jeevan Akshaya policy, you can get a pension of Rs 36,000 per month by making a unit investment in this policy.  For example, if a 45-year-old person chooses this plan and also chooses an insurance amount of Rs.  A unit amount of Rs.71,26,000 has to be paid.  After this investment, he will get a pension of Rs 36,429 per month.  However, this pension will stop after death.  LIC's Jeevan Akshay policy has many such schemes.