Jeevan Akshay

LIC ALL IN ONE CALC

Welcome to the blog of Jigar Gohil

Me I am a developer of LIC ALL IN ONE CALC. And I would like to share latest news, information and materials of Lic on my blog.
Me

JIGAR GOHIIL

I am a developer of LIC ALL IN ONE CALC. And I would like to share latest news, information and materials of Lic on my blog.

Jeevan Akshay

Jeevan Akshay

by Jigar Gohil, March 1, 2016

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.