LIC reopens this popular plan, guaranteed lifetime income after retirement

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LIC Jeevan Akshay Plan: Life Insurance Corporation of India (LIC) has resumed this plan only a few months after withdrawing its popular plan Jeevan Akshay. This scheme of LIC is very beneficial for the subscribers of National Pension System (NPS) and those planning pension. A few days ago, LIC had withdrawn the scheme after starting life peace. Come, let us know how much LIC benefits from this scheme.



Intermediate annuity scheme

Jeevan Akshay Yojana, reintroduced by LIC, is an intermediate annuity plan. At the same time, Jeevan Shanti has become a deferred annuity plan. For this, the Jeevan Shanti Scheme has also been revised, so that any fraud with Jeevan Akshay can be avoided. Stay with us to stay updated with every news in Hindi related to Jeevan Akshay, popular plan of Life Insurance Corporation of India (LIC) .

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What is the annual plan

Income is made after a set time by applying interest on the amount invested in any annual plan. Income can be obtained every month in this. In this way, a fixed income is regularly fixed in such schemes after a lump sum investment.

Guarantee of annual rates of Jeevan Akshay Scheme



LIC’s Jeevan Akshay Scheme allows investors to choose any one of the 10 available options annually by paying a lump sum amount. This means that options A to J will be available only with LIC’s Jeevan Akshay Scheme. On taking this policy, annual rates are guaranteed at the beginning. The policyholder is paid the annuity throughout the age. This policy can be taken both online or offline.

These are the options

Option A: Immediate Annuity for Life

Option B: Immediate annuity with guaranteed period of 5 years and then paid throughout the age

Option C: Immediate annuity with a guaranteed term of 10 years and age pay thereafter

Option D: Immediate annuity with a guaranteed period of 15 years and age pay thereafter

Option E: Immediate annuity with a guaranteed term of 20 years and age pay thereafter.

Option F: Payment of age annuity with purchase price return

Option G: Annuity paid throughout the year with simple interest of 3% per annum

Option H: Joint Life Immediate Annuity throughout life with provision to give 50% annuity to secondary annuity on death of primary annuitant



Option I: Joint Life Immediate Annuity throughout the lifespan with the provision of giving 100% annuity if one annuity is over-served

Option J: Joint Life Immediate Annuity throughout the year with the provision to give 100% annuity on survival of any one annuity and return purchase price on the death of the last Survivor.

 

The post LIC reopens this popular plan, guaranteed lifetime income after retirement appeared first on informalnewz.



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