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LIC Jeevan Akshay VI Pension Plan (Table 189): It’s a immediate Pension Policy, It is an Immediate Annuity (Pension) Policy Plan by making with single premium (one time investment) option where the pension starts immediately by next month onwards. Its designed for Individuals, and as well as family members for life time Annuity. (For senior citizens its a best option for constant income compare with bank fixed deposits LIC Jeevan Akshay Interest Rates average 7-8% based on entry age and gives annuity by monthly, quarterly, half yearly, yearly). Before buy the pension policy Know the Eligibility, Sum Assured, policy details, policy new features, benefits, reviews, coverage, premium calculator, investment premium chart, return calculator, tax Benefits under Section 80(C). PolicyandFunds.com is one of the top & best LIC Agent in Chennai, provides good customer services to choose perfect Life Insurance Plans in India 2017.
Sample Calculated for 5 lac and 10 lac:
|Investment Corpus Value|
|Option 1||Option 3||Option 7||Option 1||Option 3||Option 7||Interest Rate|
*Option 1: Annuity for life
**Option 3: Annuity for life with return of purchase price on death
***Option 7: Annuity for life and after death – annuity to the spouse and after death – return of purchase price to nominee
Free Look Period: Policy holder are not satisfied under the policy condition or like coverage etc., policy holder have the options to cancel the policy within the period of 15 days from date of receipt.
No Loan options is available under this pension plan.
Under the LIC Jeevan Akshay VI Surrender value shall be allowed after one policy year completion. Can get back the Annuity with return of purchase price under any of the following circumstances.
A. If the annuitant (Investor) which is diagnosed as suffering from any of the following critical illnesses reasons:
Documents Required: LIC Jeevan Akshay – VI Table No. 810:
The following documents are required for claim procedure under the LIC’s Jeevan Akshay VI annuity Policy are listed below
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