LIC Jeevan Akshay VII (No. 857) | Review + Benefits | Should you Buy (2023)?

LIC Jeevan Akshay VII (Plan 857) is an immediate annuity plan by LIC that provides annuity starting immediately to the policyholder on payment of a one-time lumpsum amount. If you want to know more about this LIC Jeevan Akshay VII…

Is SCSS at 8.2% good for Senior Citizens looking for income and high rates?

The Senior Citizen Savings Scheme (SCSS) interest rates have been increased to 8.2% recently (for April-June quarter of FY2023-24). More details here. For many Indians investing in debt, 8% is the psychological level for which they wait for to get…

LIC Saral Pension Plan (No. 862) | Review of Immediate Annuity Plan + Benefits (2023)

LIC Saral Pension Plan (Table No. 862 - 512N342V04) is a standard immediate annuity plan by LIC, where you need to pay the one-time lumpsum premium and you start getting your annuity income immediately. LIC already has an immediate annuity…

How Senior Citizens can invest Rs 1.08 Crore in SCSS, PMVVY, POMIS to generate Risk-Free Interest Income (2023)?

The Budget 2023 brought a lot of good news for senior citizens in India. The majority of Indians above the age of 60 depend on government instruments to provide risk-free interest income during retired life. While many have the benefit…