LIC's Jeevan Akshay VI (TABLE NO.189) Pension Plan

LIC JEEVAN AKSHAY – VI  is one of the best single premium pension plan in LIC.This plan is designed to cover your basic requirements of pension and provides immediate pension from the very next month after paying a lump-sum amount.In JEEVAN AKSHAY pension amount is guaranteed for life time of the policyholder.

Key Features

•             Single premium and instant pension benefit available .

•             Retirement Planning.

•             10 different options for getting pension.

•             Option to secure benefits for spouse also.

•             Option for insured benefits for settled period.

 

TYPE OF ANNUITIES AVAILABLE :

Annuity for life

Anuuity guaranteed for 5 , 10 , 15 , 20 years or whole life.

→  Annuity for life with return of purchase price rate 3% p.a.

Annuity for life (50% of proposer annuity) for the nominee after death of policy holder

Annuity for life with provision for 100% of annuity to the spouse of policy holder at the time of policy holder death.

Annuity for life with provision of 100% of the annuity payable to spouse during his/her time on death of policy holder with return of purchase price on death of last survivor.

MODE OF ANNUITIES  : YEARLY , HALF YEARLY , QUATERLY , MONTHLY.

 

PLAN PARAMETERS

Minimum Entry Age

30 Years (completed)

Maximum Entry Age

85 Years (completed)

Minimum Single Premium

1,00,000 /- (No Max. Limit)

Medical Requirement

Not Required

Mode Of Pension

YLY , HLY , QTLY , MLY

Surrender

Allowed under special medical conditions for return of purchase price option only

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