As discussed in previous articles, life is full of uncertainties, so it’s important to invest a portion of your earnings to secure your future, especially for retirement. LIC (Life Insurance Corporation of India) has been a trusted name for years, and one of its standout plans is the LIC Jeevan Akshay Policy. This plan offers a unique approach to retirement savings compared to traditional insurance plans. Here’s everything you need to know:

Key Features of LIC Jeevan Akshay Policy:

• Single Investment, Regular Returns: With LIC Jeevan Akshay, you make a lump sum investment and receive a guaranteed monthly pension.

• Pension Amount: Depending on your investment, you can receive a monthly pension of up to ₹20,000.

Investment Requirements:

• To receive the maximum pension of ₹20,000 per month, a lump sum investment of ₹15 lakh is required.

Eligibility and Availability:

• This policy is available to individuals aged 30 to 85 years and can be purchased both online and offline.

Policy Term:

• LIC Jeevan Akshay is available in both single and joint insurance plans with a term of 10 years.

This plan offers a secure and convenient way to ensure a stable monthly income post-retirement, making it a reliable choice for long-term financial planning.