LIC Jeevan Akshay is a one-time investment pension and single premium plan. It is a life annuity (immediate) policy where you can pay a lump sum amount and will start getting annuity instantly at any selected interval such as monthly, quarterly, half-yearly, or yearly. The plan is only available for people above 30 years and can be purchased at any age after that. You will receive the lifetime annuity at a fixed rate of interest.Read more
The key features of the LIC Jeevan Akshay plan are:
30 years to 65 years
Immediate annuity plan
Deferred annuity plan
Annuity for life and 5,10,15,20 years and subsequently
Disclaimer: All savings are provided by the insurer as IRDAI approved insurance plan. Standard T&C applies.
The plan offers flexibility to choose from several available options at your disposal for securing the future of your loved ones.
The interest rates are almost equal to the interest rate of fixed deposits in the bank. The major difference is that LIC freezes ROI at the time of entering into the policy for the complete term. The interest rates might vary from time to time in banks.
Immediate Annuity Plan: This annuity plan comes with the guaranteed tenure of 5,10, 15, and 20 years and, for life subsequently, lifetime annuity with the reimbursement of buying value, lifetime annuity with a yearly increment of 3 percent, joint annuity option with benefit to co-insured and many more.
Deferred Annuity Plan: In this, deferred annuity plans also come with the option of joint and single life. You are allowed to add the name of the following members to the policy:
The amount and tenure of an annuity can also be decided as per your requirement, ranging between Rs.1000 for a month to Rs.12,000 annually.
LIC Jeevan Akshay's plan comes with a liquidity option. So, one can easily avail surrender value or loan if he/she wants to.
The Rate of Interest (ROI) guaranteed by LIC Jeevan Akshay is not available neither in any foreign country nor in any of the other Indian institutes. All the investments made in LIC come with a supreme guarantee from the Indian Government and are 100 percent safe and secure.
If you wish to purchase the right pension plan for securing yourself and your family, LIC Jeevan Akshay is the one-stop solution for you.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ