LIC guaranteed monthly income Plans
In today’s uncertain economic climate, individuals seek stable and reliable sources of income to secure their financial future. Life Insurance Corporation of India (LIC), a trusted name in the insurance industry, offers a range of fixed monthly income plans designed to provide financial stability and peace of mind. Among these, LIC’s Jeevan Shanti and Jeevan Akshay VII stand out as popular choices for individuals looking for guaranteed income streams. Let’s explore these plans in detail and understand how they can benefit policyholders.
Sold more than Rs. 25 crore worth LIC Fixed Income plan since 2007 for salaried individuals, Businessmen, and doctors transferring their Pension from National Pension Scheme ( NHS)
LIC guaranteed monthly returns plan is good for all. Immediate returns or deferred returns are the best from the investments, as the principal will not come down at any point in time. Whenever you are, the month’s interest will get credited in the first week.
LIC Jeevan Shanti:
LIC Jeevan Shanti is a single premium annuity plan that offers guaranteed income for life. It provides policyholders with the flexibility to choose between immediate and deferred annuity options based on their financial goals and preferences. This best plan is for those who don’t want to take returns now but require them after some time. The interest rates increase as you delay the returns, for up to 12 years, the returns can be deferred.
Key Features:
- Flexible Annuity Options: Policyholders can opt for immediate annuity or deferred annuity as per their convenience. Immediate annuities start providing regular income immediately after the policy purchase, while deferred annuities allow policyholders to defer the income commencement date to a future time.
- Guaranteed Income: Jeevan Shanti assures policyholders of a fixed and predetermined income for the rest of their lives, offering financial security and stability in retirement.
- Multiple Payout Options: Policyholders can choose from various annuity payout options, including monthly, quarterly, half-yearly, or yearly, depending on their income needs and preferences.
- Death Benefit: In the event of the policyholder’s demise, the nominee receives the purchase price along with applicable taxes and any accrued annuity payouts, ensuring financial protection for loved ones.
To start, call Shivakumar 9480240513
LIC Jeevan Akshay VII:
LIC Jeevan Akshay VII is another popular annuity plan offered by LIC, providing a guaranteed income for life with a single premium payment. It offers immediate annuity options to cater to the diverse needs of individuals seeking regular income post-retirement. This plan is good to have those who seek immediate monthly returns. The principal investment is safe with LIC of India and the every month fund flow will help the investors in many ways.
Key Features:
- Immediate Annuity: Jeevan Akshay VII starts providing regular income immediately after the policy purchase, ensuring that policyholders can enjoy a steady stream of income without any waiting period.
- Lifetime Income: Policyholders receive guaranteed income for their entire lifetime, irrespective of market fluctuations or changes in interest rates, providing financial stability and peace of mind.
- Multiple Annuity Options: Jeevan Akshay VII offers a range of annuity options, including life annuity, joint-life annuities, and certain term annuities, allowing policyholders to choose the option that best suits their needs and preferences.
- No Medical Examination: Unlike many other insurance plans, Jeevan Akshay VII does not require policyholders to undergo a medical examination, making it a hassle-free option for individuals seeking immediate annuity solutions.
LIC’s fixed monthly income plans, Jeevan Shanti and Jeevan Akshay VII, offer a reliable avenue for individuals to secure their financial future and enjoy a steady stream of income post-retirement. With guaranteed income for life and flexible annuity options, these plans provide policyholders with the assurance of financial stability and peace of mind. Whether one opts for an immediate annuity or a deferred annuity, LIC’s fixed monthly income plans are designed to meet the diverse needs and preferences of individuals seeking reliable income solutions.
Investing in these plans not only ensures financial security for the policyholder but also offers peace of mind for their loved ones. The joint-life option is very popular in both plans. As individuals navigate the complexities of retirement planning, LIC’s Jeevan Shanti and Jeevan Akshay VII emerge as dependable allies, offering the promise of a secure and prosperous future.
Both plans are good if you want the principal amount to not come down and the monthly returns to be credited directly to the bank without any problem. NRIs can also invest back home in India and save for the future.
To start a guaranteed monthly returns plan,
call A Shivakumar, 948040513