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/

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