LIC scheme: Pay a single premium in THIS plan to get lifetime returns
LIC has named the scheme Jeevan Akshay, which offers decent returns by investing just once.
New Delhi: Many Indians invest in various schemes to secure their retirement. Investment options such as EPF, Post Bank schemes and LIC schemes are quite popular among Indian investors saving for their tough times.
Many private companies and banks have also come up with multiple investment opportunities that will help you fulfil your retirement goals. In one scheme by state-owned insurer, Life Insurance Company (LIC), investors have to invest just once to enjoy returns for a lifetime.
Invest once to get lifetime returns
![Invest once to get lifetime returns Invest once to get lifetime returns](https://english.cdn.zeenews.com/sites/default/files/2021/06/03/940838-untitled-design-2021-06-03t154435.173.png)
LIC has named the scheme Jeevan Akshay, which offers decent returns by investing just once. The returns will keep coming until the death of the beneficiary. Your investment in the Jeevan Akshay scheme starts earning a monthly or three-monthly or an annual income after a stipulated period of time after LIC has gained enough interest from your money.
How to buy Jeevan Akshay policy?
![How to buy Jeevan Akshay policy? How to buy Jeevan Akshay policy?](https://english.cdn.zeenews.com/sites/default/files/2021/06/03/940836-untitled-design-2021-06-03t154337.976.png)
Jeevan Akshay policy for joint investors
![Jeevan Akshay policy for joint investors Jeevan Akshay policy for joint investors](https://english.cdn.zeenews.com/sites/default/files/2021/06/03/940835-untitled-design-2021-06-03t154413.189.png)
Options in Jeevan Akshay policy
![Options in Jeevan Akshay policy Options in Jeevan Akshay policy](https://english.cdn.zeenews.com/sites/default/files/2021/06/03/940834-untitled-design-2021-06-03t154119.296.png)
Jeevan Akshay policy returns
![Jeevan Akshay policy returns Jeevan Akshay policy returns](https://english.cdn.zeenews.com/sites/default/files/2021/06/03/940833-untitled-design-2021-06-03t154038.821.png)
In this example, we’re considering that an investor deposited Rs 9,16,200 in one go in Jeevan Akshay policy. Roughly, the investment is approximately Rs 9 lakh. Investors will get Rs 6,859 per month as returns from their investment. Likewise, they’ll get Rs 86,265 annually or Rs 42,008 on a half-yearly basis or Rs 20,745 on a quarterly basis.