Invest in LIC’s ‘Ya’ scheme instead of renting a house, earn up to Rs 45,000 per month! | Jeevan Akshay Policy LIC plan for pension investor can get more returns than house rent

Invest in LIC’s ‘Ya’ scheme instead of renting a house, earn up to Rs 45,000 per month! | Jeevan Akshay Policy LIC plan for pension investor can get more returns than house rent

Many rely on rent as a second source of income. Many people start building a house and renting it out and living a comfortable life of retirement with its money.

Invest in LIC's 'Ya' scheme instead of renting a house, earn up to Rs 45,000 per month!

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Mumbai: Many rely on rent as a second source of income. Many people start building a house and renting it out and living a comfortable life of retirement with its money. But sometimes, even after building a house, he does not get any rent, so it remains empty. Many in the lockdown realized this. But LIC has come up with an abandonment plan for such homeowners. With this plan, you start getting your pension from the second month of investment. (Jeevan Akshay Policy LIC plan for pension investor can get more returns than house rent)

This special scheme of LIC is called Jeevan Akshaya Policy. The feature of this scheme is that the return on investment starts from the very next month. He started receiving money in the form of pension for the rest of his life.

What is the plan?

This is a pension plan. There are 6 ways to get returns. Apart from pension, other benefits can also be availed in this scheme. One year or one month or three months can be invested in this scheme in such a manner. It is not possible to take a loan on this policy. However, if the policyholder dies, the heirs get the benefits. It is also exempt from income tax.

Who can invest in this scheme?

Anyone over the age of 30 can invest in this scheme. A minimum investment of Rs 1 lakh is required. You can invest any amount from Rs 1 lakh onwards. If you invest Rs 10 lakh, you can get a pension of up to Rs 61,000 a year. This pension is for life. You can get such amount in the form of pension for a year or a month.

How to benefit from a rental home?

According to LIC, if the cost of a house is invested in the Jeevan Akshay Yojana, the amount received in the form of pension is more than the amount of rent. Suppose you invest Rs 1 crore, you will get a pension of around Rs 43,000 per month. This pension will be for life. The important thing is that this amount is safe, moreover, after 3 years, you can withdraw your invested money at any time.

On the other hand, if you build a house worth Rs 1 crore, you can get a maximum rent of Rs 25,000 to Rs 35,000. Rents may vary by area. But in Jeevan Akshay Yojana, you will get a guaranteed pension. This plan is not bound by area or location.

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