I am looking for an option or investment ideas which can give me steady alternate source of income.
I have around 40 lakhs in hand and would like to invest in a such a ways that it will fetch me monthly / yearly steady income. i am looking for it as alternative source of income.
Some important information to be consider :
- I have already planned emergency funds. (9 months)
- I am working professional with around 1 lakhs income per month in hand.
- Family with 2 kids : 5 years and 2 years and wife is not working.
- Term insurance life cover is around 2 Cr.
- No home loans, no EMI
- Every years crediting to PPF account, Sukanya account.
- have some Fixed deposit in bank around 10 lakhs.
Looking for a steady income because my job security. i am not sure how long i would be working / layoff happens.
can you please suggest good plans which can fulfill my criteria.
Yes…But it is immediate annuity plan. So they can’t wait for 2018 if you invest NOW. But check the return % and taxation before jumping into buy. Because returns from this scheme is taxable.
If you don’t want to touch it surely for certain years and looking for FIXED and safest returns, then you can opt for LIC’s Jeevan Akshay VI with the limited period annuity payment option.