LIC Jeevan Akshay

Recommendations :No

Name of the policy :
LIC Jeevan Akshay

A brief desciption :

LIC Jeevan Akshay VI Plan is a Single Premium Immediate Pension Plan. This is a non unit-linked pension plan. In this plan, a lumpsum amount of premium is paid to purchase annuity which starts immediately without any delay. All other deferred annuity plans of LIC purchase annuity from LIC Jeevan Akshay VI Plan and avails the pension options and rates provided here. This plan has 6 pension options to choose from but once chosen, the option cannot be altered since pension starts immediately without delay. Annuity may be in paid monthly, quarterly, half yearly or yearly intervals. It starts from the next possible interval as chosen.

Started date :7/8/2007
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :3000 Annually, 2000 Half yearly, 1000 Quarterly and 500 Monthly
Returns expected :Less than Fixed Deposit
Entry age :30-85 Years
Minimum amount :Min- 1.5 lakh for online sale and Min- 1 lakh for other channels Max- No Limit
Unique features :1% extra annuity rate for online purchase or sale

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Table of Contents

Table of Contents