Invest once and get guaranteed lifetime monthly income — best for all above 30 years
Invest Once and Get Guaranteed Lifetime Monthly Income with LIC Jeevan Akshay and LIC Jeevan Shanti. The world is getting bigger and bigger. The race to earn money and settle down as soon as possible is the motive of all. Indian origins, OCI and NRI’s can also invest in these plans without travelling to India. Just call 9972660645 for more information.
In today’s uncertain economic climate, ensuring a stable and guaranteed income stream for life is a top priority for many individuals, especially retirees and those nearing retirement. Life Insurance Corporation of India (LIC), a trusted name in the insurance sector, offers two popular plans that cater to this need: LIC Jeevan Akshay and LIC Jeevan Shanti. Both of these plans are structured in the best way to provide income throughout the term of the policy. These plans provide the assurance of a fixed income for life, making them attractive options for anyone looking to secure their financial future. Let’s delve deeper into these plans, their benefits, and why they are considered reliable investments even during turbulent international conditions.
LIFETIME TAX FREE YEARLY RETURNS WITH
Understanding LIC Jeevan Akshay
LIC Jeevan Akshay is an immediate annuity plan offered by LIC, where you make a lump sum investment and start receiving guaranteed monthly income immediately. This plan is particularly appealing for retirees who have accumulated a lump sum from their retirement savings or other investments and want to convert it into a steady income stream without worrying about market fluctuations.
Key Features of LIC Jeevan Akshay:
- Immediate Annuity: You start receiving income immediately after making the lump sum payment.
- Lifetime Income: The plan provides guaranteed income for as long as you live, ensuring financial security in your retirement years.
- Multiple Options: LIC offers various annuity options under Jeevan Akshay, allowing you to choose the frequency and mode of income payment that suits your needs (monthly, quarterly, half-yearly, or annually).
- Tax Benefits: Premiums paid towards LIC Jeevan Akshay are eligible for tax benefits under Section 80CCC of the Income Tax Act, which can help in reducing your taxable income.
Exploring LIC Jeevan Shanti
LIC Jeevan Shanti offers a choice between immediate and deferred annuity options, providing flexibility based on your financial planning goals and timeline. Whether you want to start receiving income immediately or at a later date, Jeevan Shanti allows you to tailor your investment to match your retirement plans.
Key Features of LIC Jeevan Shanti:
- Immediate and Deferred Annuity Options: You can opt for an immediate annuity where income starts right away or a deferred annuity where income starts after a certain period, allowing for the accumulation of funds during the deferment phase.
- Guaranteed Returns: The plan guarantees fixed income payments, shielding you from market volatility and ensuring financial stability.
- Flexible Payout Options: Similar to Jeevan Akshay, Jeevan Shanti offers flexibility in choosing the frequency and mode of income payouts.
- Loan Facility: In case of emergencies, you can avail of a loan against the policy, providing liquidity when needed.
- Tension-free monthly pension: Right from the beginning itself, the investor will start getting a fixed income as per his choice.
- Government of India Life Insurance company: The sovereign guarantee by the Government of India make these policies to buy without the fear of investment risk
Benefits of Guaranteed Income Plans During Economic Uncertainty
Investing in LIC Jeevan Akshay or Jeevan Shanti offers several advantages, especially during turbulent economic conditions:
- Stability and Security: These plans provide a guaranteed source of income regardless of economic fluctuations, ensuring peace of mind during uncertain times.
- No Market Risk: Unlike market-linked investments, where returns are subject to market volatility, LIC’s annuity plans offer stable returns unaffected by market conditions.
- Lifetime Income: The assurance of lifelong income helps in planning for retirement without the fear of outliving your savings.
- Tax Efficiency: Both Jeevan Akshay and Jeevan Shanti provide tax benefits under prevailing tax laws, enhancing the effective returns on your investment.
Frequently Asked Questions (FAQs)
Q: Who is eligible to invest in LIC Jeevan Akshay and Jeevan Shanti?
A: Any Indian citizen above the age of 30 (for Jeevan Akshay) or 30–85 years old (for Jeevan Shanti) can invest in these plans.
Q: What happens if the investor passes away early?
A: Depending on the annuity option chosen, the nominee or beneficiary may receive benefits such as return of purchase price or continuation of income.
Q: How can I purchase LIC Jeevan Akshay or Jeevan Shanti?
A: You can purchase these plans directly from LIC offices or through licensed agents. It’s advisable to discuss your financial goals and options with a qualified advisor.
Q: Can I surrender the policy if needed?
A: Yes, you can surrender the policy under certain conditions, although it may result in a reduction of benefits.
Investing in LIC Jeevan Akshay or Jeevan Shanti ensures not just a guaranteed income for life but also peace of mind knowing that your financial future is secure. These plans are designed to withstand the worst international economic conditions, offering stability and reliability when you need it most. Whether you’re planning for retirement or looking to secure a steady income stream, consider exploring these LIC plans and consulting with a financial advisor to make an informed decision that aligns with your goals.
For more information or to get started, you can contact Shivakumar A at 9886568000 or visit LIC’s official website or nearest branch office.