LIC Jeevan Akshay -VI (T-189) is an Immediate Annuity (Pension) Plan which can be purchased by Paying a Lump sum Premium. This Plan Provides for a Fixed Pension Payment (Irrespective of the Market Interest Rate) throughout the Lifetime of the Policyholder (And to the Spouse also). Various Options are available for the type and mode of pension payment to the Policyholder.
WHY JEEVAN AKSHAY- VI IS A UNIQUE PLAN:
- Immediate Annuity Plan, Annuity Starts as early as the Next Month.
- Single Premium Plan: “PAY ONCE ENJOY FOREVER”.
- No Medical Examination is required for purchasing this policy.
- Available for Age at entry as low as 30 years and upto 85 years.
- Various Pension Options Available which provides Financial Security to the Spouse of the Policyholder also.
- 100% Guaranteed by Govt. of India u/s 37 of LIC act 1956.
- Annuity payable for life at a uniform rate.
- Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
- Annuity for life with return of purchase price on death of the annuitant.
- Annuity payable for life increasing at a simple rate of 3% p.a.
- Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
- Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
- Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor.
|Minimum Age to apply||30 Years (completed)|
|Maximum Age to apply||85 years (completed)|
|Minimum Single Premium||1,00,000 (No Maximum Limit)|
|Medical requirement||Not required|
|Mode of Pension||Yearly, Half yearly, Quarterly, Monthly|