LIC Jeevan Akshay policy: buy an immediate pension
The LIC Jeevan Akshay plan, especially for attracting NRIs looking for a guaranteed monthly pension scheme that stands out from traditional bank fixed deposits, requires a nuanced approach. It’s essential to balance keyword optimization with informative and engaging content. Here’s how you might structure such content, focusing on keyword optimization while providing value to your readers.
Introduction:
In the quest for a stable and secure financial future, NRIs often grapple with choosing the right investment vehicle. Traditional bank fixed deposits have long been a go-to, but with fluctuating interest rates, there’s a growing need for a more reliable source of income in retirement. Enter LIC Jeevan Akshay, a comprehensive pension scheme designed to guarantee you a fixed monthly income for life. This article delves into why LIC Jeevan Akshay stands out as a superior investment for NRIs seeking financial security.
Guaranteed Lifetime Income
Explain the core value of LIC Jeevan Akshay, emphasizing the guaranteed income feature. Compare this with the uncertainty of interest rates in traditional bank fixed deposits, highlighting the peace of mind that comes from knowing exactly how much pension you’ll receive each month.
Tailor-Made for NRIs
Discuss the specific benefits for NRIs, including how it caters to their unique financial planning needs. You might touch on issues like currency fluctuation, repatriation of funds, and how a guaranteed income in India can be a cornerstone of a secure retirement plan.
Better Than Bank Fixed Deposits
Detail why LIC Jeevan Akshay is a superior choice compared to bank fixed deposits. Focus on aspects such as the effect of interest rate changes on fixed deposits versus the stable income provided by LIC Jeevan Akshay. Also, mention the tax efficiency of pension plans for NRIs.
Protection for market fluctuation
Immediate annuities offer protection from market volatility. The annuity payments are not affected by fluctuations in interest rates or investment performance, providing a stable income regardless of economic conditions.
Flexibility and Options
Cover the different annuity options available under LIC Jeevan Akshay, highlighting the flexibility it offers to investors to choose according to their financial goals and needs.
How to Buy LIC Jeevan Akshay policy
Call 9480240513, and we will help you buy the LIC Jeevan Akshay plan. Provide a step-by-step guide for NRI on how to purchase LIC Jeevan Akshay, including documentation, eligibility, and the application process. Make sure to mention any specific considerations for NRIs.
Features of LIC Jeevan Akshay policy
-
- Single Premium – Pay Once – Enjoy – Forever
- No Medical Examination
- Ten Options of annuities to choose from
Eligibility Criteria:
-
-
- Minimum Purchase price: Rs. 1,50,000/-
- Maximum Purchase Price : No Limit
- Minimum Age at Entry : 30 years (completed)
- Maximum Age at Entry : 85 years (completed)
-
LIC Jeevan Akshay Plan: 10 pension options
| Option A: | Immediate Annuity for Life. |
| Option B: | Immediate Annuity with a guaranteed period
of 5 years and life thereafter. |
| Option C: | Immediate Annuity with a guaranteed Period
of 10 years and life thereafter. |
| Option D: | Immediate Annuity with a guaranteed Period
of 15 years and life thereafter. |
| Option E: | Immediate Annuity with a guaranteed period
of 20 years and life thereafter. |
| Option F: | Immediate Annuity for life with return of Purchase Price. |
| Option G: | Immediate Annuity for Life is increasing at a simple rate of 3% p.a. |
| Option H: | Joint Life Immediate Annuity for life with a provision for 50% of the annuity
to the secondary annuitant on death of the Primary Annuitant. |
| Option I:
|
Joint Life Immediate Annuity for life with a provision for 100% of the annuity
payable as long as one of the Annuitant survives. |
| Option J: | Joint Life Immediate Annuity for life with a provision for 100% of the
annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor. |
FAQs
Include a section to address common questions about LIC Jeevan Akshay, such as minimum investment amount, age limits, payout options, and tax implications.
Conclusion:
Reiterate the advantages of choosing LIC Jeevan Akshay over traditional bank fixed deposits, emphasizing the lifelong guaranteed income, financial stability, and security it offers to NRIs looking to plan their retirement.
To buy LIC Jeevan Akshay plan, call 9480240513