LIC has many plans, but there is a plan that gives a triple benefit.
LIC’s ” Jeevan Akshay VI scheme” is a single premium plan. Once invested in it, money can be found in the form of a life-long pension. There are some options in which there will be a lifetime pension for your spouse after your death. Single premium plans have to be invested only once. LIC only tells you how much money will be paid throughout the life of the policy.
In this, people get tax exemption in addition to insurance cover, but like other plans, it also provides fixed income every month. This has made the scheme very popular. In this scheme, the investor has to pay the premium only once. After this, the fixed amount of money will be available from one month to the age of one year. The money is to be taken by the month or the investor has to decide himself once in a year.
There is no limit to maximum investment. Any person or woman from 30 years to 65 years of age can buy this plan. Income tax on the investment in this plan can be availed under Section 80C.
There is no decrease or increase in this later. The money received in the form of a pension can be taken monthly, in three months, in six months and even once in a year. If the monthly option is chosen then the money will start getting the same from the next month of investment and if the annual option is chosen then the money will be available from next year.
There are 7 investment options in this plan. It can be found every year between Rs. 6410/- and Rs. 6750/- on a one lakh rupees investment. Whichever option can be taken in this scheme, the agent will have to invest a minimum of Rs 1 lakh and Rs 1.5 lakh on online investment. The maximum purchase cost of the annuity has no limit.