LIC: Earned 19 thousand rupees every month in one installment, money will not be a problem

Investing in LIC policy is the first choice of the people. Investing in its policy, from accident to any kind of risk where insurance is available. At the same time, returns on maturity are also good. This is the reason why most families in the country have taken some form of life insurance policy. Let us know that last day, LIC has launched a new policy. This policy is of great benefit. So let us tell you about the specialty of this policy.

Buy plan both online and offline

LIC recently started a special plan for customers, in which you can earn money by investing money only once. The life of this particular plan is renewable. This is the best plan for those who are worried about pension in old age. This plan can be purchased both online and offline. So let us explain how you can earn life through the policy.

Also Read: How to Deposit online LIC policy, how to create LIC e service account?

Know what is this plan of LIC

The name of this policy of LIC is Jeevan Akshay-7 (Plan Number 857). It is a single premium non-linked, non-participating and personal annuity scheme. For your information, let us know that LIC this policy has started from August 25, 2020. The loan is also available for three months after the policy is issued. This means that policy holders will also be able to take loans.

Know how to get 19 thousand rupees a month

In this policy, you can invest a minimum of Rs 1,00,000 while there is no maximum investment limit. So if you invest a lump sum of Rs 4072000 in this policy, then you can get a pension of Rs 19 thousand every month. You can buy this plan in monthly, 3 months, 6 months and one year annuity modes. In this, customers can get a minimum annuity of Rs 12 thousand.

Who can buy the policy

The plan is available for age from 30 years to 85 years, with the option of immediate annuity for life with a refund of the purchase price. In the former it is for a hundred years. At the same time, the scheme can also be purchased to benefit the differently-abled (handicapped dependent). In this policy, a joint life annuity can be taken between two descendants of the same family, descendants of the same family (grandparents, parents, children, grandchildren), spouses or siblings. The loan facility will be available anytime after three months from the date of issue of policy or after expiry of free-look period (whichever is later).

What happens annuity scheme

In any annuity scheme, income is earned after a fixed time by applying interest on the amount invested. Income can be earned every month. In this way, a fixed income is regularly generated in such schemes after a lump sum investment.

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