Sunday, 25 June 2017

LIC's Jeevan Akshay VI

It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant.


The policy does not acquire any paid-up value. No surrender value will be available and No loan will be available under the policy.

Online Incentive Rebate of 1% by way of increase in the basic annuity rate will be available.
Immediate Annuity Starts as early as next month.
Single Premium Pay - Once - Enjoy - Forever
Purchase Limits Minimum purchase price : Rs.1,50,000/-
No maximum limits for purchase price, annuity etc.
Incentive for High Purchase Price If your purchase price is Rs. 2,50,000/- or more, you will receive higher amount of annuity due to available incentives.
Age Limits Minimum age at entry: 30 years
Maximum age at entry: 85 years
Age proof is necessary
Medical No medical examination is required.
Annuity Options Seven options of annuity to choose from.
Annuity Mode Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity.

You may choose any one from the below mentioned annuity options
(i). Annuity payable for life at a uniform rate.
(ii). Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.
(iii). Annuity for life with return of purchase price on death of the annuitant.
(iv). Annuity payable for life increasing at a simple rate of 3% p.a.
(v). Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(vi). Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
(vii). 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.
Amount of annuity payable at yearly intervals which can be purchased for Rs. 1,50,000/- under different options is as under:
Age last birthday Yearly annuity amount under annuity option
(i) (ii)
(15 yrs
certain)
(iii) (iv) (v) (vi) (vii)
30 10226 10196 9741 7378 10060 9893 9711
40 10726 10635 9802 7923 10414 10120 9741
50 11681 11408 9878 8939 11105 10590 9802
60 13529 12711 9999 10817 12453 11544 9893
70 17650 14332 10196 14877 15347 13590 10029
80 26376 15271 10484 23392 21468 18089 10241



Sarkari Niyukti

For more information visit https://eterm.licindia.in/Jaonline/



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