LIC Insurance Plan - Jeevan Akshay

By Krunal -

LIC's LIC’s Jeevan Akshay VI is an Immediate Annuity Plan that provides annuity payouts immediately after the premium payment for a financially secured life after retirement.

• Minimum Purchase Price: Rs.100,000 or Rs.150,000 for online mode 

• Maximum Purchase Price: No Limit (Multiple of Rs. 10,000/- only) 

• Minimum Entry Age (Last Birthday): 30 years 

• Maximum Entry Age: 85 years (nearer birthday) 

• Annuity payout Mode: Yearly, half-yearly, quarterly & monthly 

LIC's Jeevan Akshay Key Features

• The annuity options can be chosen for a single life (policyholder) or for joint life (policyholder and spouse). 

• No medical check-ups required for Lic's Jeevan Akshay plan. 

• The annuity options are: 
  • Life Annuity at a uniform rate
  • Lifetime Annuity with Return of Purchase Price
  • Life Annuity guaranteed for 5/10/15 or 20 years and thereafter payable for life
  • Life Annuity increasing at a simple rate of 3% p.a.
  • Annuity for life with 50% annuity to spouse after the annuitant’s death
  • Annuity for life with 100% annuity to spouse after the annuitant’s death
  • Annuity for life with 100% annuity for spouse after the annuitant’s death and also Return of Purchase Price after death of the last survivor

LIC's Jeevan Akshay Benefit Details

• Annuity payouts will be paid as per the frequency chosen immediately after the premium paid. 

• Income Tax Benefit: Premium paid under this plan is eligible for TAX rebate under section 80CCC.

 For more details, Visit http://licallinonecalc.com/

Comments

Post a Comment

Popular posts from this blog

Best Android App: Compare Insurance - Policybazaar

By Krunal -
Image
DOWNLOAD APP APP NAME: Compare Insurance - Policybazaar Google Play Store link:  https://play.google.com/store/apps/details?id=com.policybazaar Policybazaar is India’s biggest online insurance comparison platform, which allows you to compare a wide range of Health and Life Insurance Plans and Financial Products, viz. General Insurance – Health or Medical Insurance, Motor Insurance (Two wheeler Insurance and Car Insurance), Travel Insurance, and Life Insurance – Term Insurance Plan, Investment Plan - ULIP, Child Plans, Retirement Plans, Pension Plans & Tax Saving Investment. Policybazaar offers you a lightweight and user-friendly mobile app which enables you to choose the best-suited insurance without bothering the performance of your Smartphone. By using their app, you can quickly purchase any insurance plan with only a few taps of your phone’s display. And, what makes Policybazaar mobile app a must have is that it comes with key features of Hospital Locat...
Read more

LIC Insurance Plan - Children's Money Back (Plan No. 832)

By Krunal -
Image
LIC's New Children’s Money Back Plan is a participating non-linked money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations. • Minimum Basic Sum Assured:  Rs. 1,00,000/-   • Maximum Basic Sum Assured:  No Limit   • Policy Term:  25 – Age at entry of the child   • Minimum Entry Age:  0 Year Last Birthday   • Maximum Entry Age:  12 Year Last Birthday   • Age at Maturity for Life Assured:  25 years   • Mode of Premium Payment:  Yearly, half-yearly, quarterly & monthly   LIC's Childrens Money Back Benefit Details • On Death Before the Date of Commencement of Risk:  An amount equal to the total amount of premium's paid excluding ta...
Read more